JMG Group Adds Three UK Businesses in Latest Insurance Broker Consolidation Push
JMG Group has brought three businesses into its network in a fresh round of mid-market consolidation, announced on 2 June 2026. The three targets are Jaggi Insurance Brokers, Canfield Payne Insurance Consultants, and Safetynet Scotland — covering distinct segments of the UK insurance and risk services market. Two of the acquisitions are commercial and personal lines brokers, while the third is a health and safety consultancy, giving JMG a diversified footprint across England and Scotland. The deal values have not been disclosed. The targets are characteristic of the type of businesses regularly pursued by mid-market insurance consolidators: owner-managed or family-run firms with embedded client bases and specialist knowledge in specific sectors or geographies. Canfield Payne has operated from West Sussex for more than 25 years, serving clients across the UK in commercial and personal lines. Safetynet Scotland is an Aberdeen-based health and safety consultancy with more than two decades in that market. The acquisitions reflect an ongoing structural trend in the UK insurance distribution sector, where consolidation platforms backed by private capital continue to pursue buy-and-build strategies, targeting established regional firms that offer immediate client-book access rather than organic growth. JMG's simultaneous intake of three businesses across both insurance brokerage and adjacent risk services signals an appetite to broaden its services platform beyond pure broking.
Why this matters
Insurance broker consolidation in the UK remains one of the most active sub-sectors for mid-market M&A, driven by private-capital-backed platforms pursuing buy-and-build strategies. Each acquisition of an owner-managed business involves share purchase agreement (SPA) negotiation, earn-out structuring where founders retain stakes, and regulatory notifications to the FCA given that insurance brokers are authorised persons. The simultaneous intake of three businesses adds complexity to due diligence and completion sequencing. For trainees and juniors, this type of roll-up transaction is a reliable pipeline of mid-market corporate work, particularly for firms with dedicated insurance or financial services M&A practices.
On the Ground
A trainee on this matter would manage the CP (conditions precedent) checklist across three parallel transactions, coordinate Companies House filings on completion, and index the completion bibles for each target. They would also assist with drafting board minutes approving the acquisitions and verifying that each target's FCA authorisation status has been confirmed through the disclosure process.
Interview prep
Soundbite
Insurance broker roll-ups generate steady mid-market M&A mandates as FCA authorisation adds a regulatory layer absent from most other sectors.
Question you might get
“What FCA regulatory considerations arise when a consolidator acquires an authorised insurance broker, and how might they affect deal timing?”
Full answer
JMG Group has acquired three businesses — two insurance brokers and a health and safety consultancy — in a simultaneous buy-and-build move covering England and Scotland. Because insurance brokers are FCA-authorised firms, each acquisition requires regulatory notification and a check that the target's permissions travel with the business post-completion, adding a layer of compliance work beyond a standard private M&A deal. This reflects the wider structural trend of PE-backed consolidation platforms rolling up the fragmented UK insurance distribution market. The pattern will sustain mid-market M&A advisory volumes, particularly for firms with financial services regulatory expertise sitting alongside their corporate practices.
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