Greenwood Moreland, part of JMG Group, has acquired Hamilton Robertson Insurance Brokers (HRIB) for an undisclosed sum.
HRIB, which includes specialist division C&A Mackie Insurance Brokers, is based out of Glasgow and London with a workforce of 25 colleagues. It adds £15 million in gross written premium (GWP) to Greenwood Moreland’s portfolio, bringing total GWP to more than £40 million and combined headcount to over 100 employees across seven locations.
The existing management team at HRIB – owner Graeme Robertson (pictured centre) and senior leaders Graeme Brown (pictured right) and Jack Dalton – will remain at the helm. They are set to drive substantial growth within trading divisions Hamilton Robertson Insurance Brokers, C&A Mackie Insurance Brokers, and HRIB London.
“This is great news for our business, clients, and staff,” Roberston said. “It secures an amazing future by plugging into the resources and investment secured through Greenwood Moreland and JMG Group. Thank you to Andy Weir and the Greenwood Moreland team, as well as JMG Group and their advisors, for making the whole process clear and fair.
“The people and offices our clients currently deal with will continue as before. My own personal focus will be on helping others in the insurance industry build their futures, continuing to work hard with new and existing clients, and supporting the accelerated growth of HRIB throughout the UK.”
Weir (pictured left), managing director at Greenwood Moreland, outlined the integration process for the acquired business into JMG Group, highlighting the support the HRIB team will receive during the transition over the coming months.
He went on to note: “This acquisition will add to our established presence in Scotland as well as bringing a platform for dynamic growth across the UK. Along with their many loyal and long-standing client relationships, Graeme and his team possess a wealth of knowledge and experience combined with an impressive track record of growth – all of which will strengthen the proposition across our business in the years ahead.
“I’m delighted that Graeme and his team have trusted Greenwood Moreland and JMG with the future of their business, and we are excited to get started with this next chapter.”
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