Hamilton-based Greenwood Moreland, part of JMG Group, has acquired Glasgow-based Calcluth & Sangster Insurance Brokers. Representing its largest acquisition since the business began on its growth path, the deal will add £6m of gross written premium to the Greenwood Moreland business.
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GS Group, Scotland’s largest independent insurance broker, has been acquired by the JMG Group, subject to FCA approval. The GS Group was formed in Perth 31 years ago from a standing start by managing director George Stubbs, with second hand furniture and a coffee percolator. It has since grown