25.11.2024

JMG Group strengthens its high-net-worth market position with Elevate acquisition

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JMG Group has strengthened its position in the high-net-worth (HNW) insurance market with the acquisition of Bedfordshire-based Elevate Insurance Brokers.

Established in 2019 by experienced private client brokers Rich Kanfiszer, Blain Stillman and Dan White and supported by commercial and finance specialist, James Peverell, Elevate has built a reputation for delivering quality client service and innovation. Now a £5m Gross Written Premium (GWP) business, Elevate focuses on handling complex insurance needs, providing tailored solutions for high-value assets such as luxury vehicles and estates.

Elevate has ambitious growth plans, aiming to double its GWP over 4-5 years. James Peverell, Elevate director, says: “We’re keen to grow while continuing to deliver the high touch service our clients value. Being part of the JMG Group will support our growth by opening doors for us, giving us access to more competitive insurance terms and allowing us to utilise skills across the group. The group’s shared functions will also let us focus more on our clients and the market.”

JMG Group CEO Nick Houghton says the team of eight at Elevate are an ‘ideal fit’ for the JMG Group and will enhance its group-wide expertise in securing competitive terms for HNW clients across the UK.

“Elevate is a strong business with an experienced team and a solid reputation amongst clients and insurance partners,” Nick says. “We see lots of opportunity to help them grow further. They’ll now have access to resources they need to keep growing and delivering the personal service they’re known for. We’re looking forward to supporting them with their next chapter.”