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Tuesday, March 5, 2024

JMG Group-owned Astute closes Sandhouse acquisition

Astute Insurance coverage Options, a part of the JMG Group, has finalised the acquisition of Sandhouse, a property insurance coverage specialist, for an undisclosed quantity. 

Integrated in 2021, Sandhouse Insurance coverage relies in Hertfordshire, UK. It’s led by Mark Weedon, the corporate’s managing director. 

As a part of this deal, Weedon has joined Astute. 

Weedon brings 45 years of trade expertise and greater than three many years of specialisation in property insurance coverage to the Astute group of 12 in Northampton, UK. 

Astute can even profit from his expertise as a property investor in addition to his understanding of threat administration methods to help purchasers in mitigating property possession and different related dangers. 

Weedon stated: “Aside from a reputation change to Astute Insurance coverage Options, will probably be enterprise as typical for our purchasers. This deal permits us to scale our providing with entry to extra trade experience and enhanced placement choices by JMG Group.” 

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The acquisition of Sandhouse signifies a serious step in Astute’s progress plans and enhances its advice-led service proposition.  

As well as, the most recent deal is about to bolster Astute’s industrial and company providers throughout Northamptonshire and the broader UK market. 

It additionally marks the primary acquisition for Astute because it joined the JMG Group in 2022. 

JMG Group CEO Nick Houghton stated: “Sandhouse is an ideal match into an already high-quality advice-led enterprise taking care of company purchasers. Sandhouse’s specialism within the property sector is an space we want to develop additional, and Mark’s functionality on this space will help our ambitions.” 

Astute, which is led by Ian Mahony, is an insurance coverage dealer specialising in providing complete providers for industrial and company purchasers.  

The corporate is headquartered in Northamptonshire, UK, and operates from Mobbs Miller Home on Christchurch Street in Abington, Northampton.  

Whereas the brokerage primarily serves purchasers in Northamptonshire and surrounding counties, its attain extends throughout the UK.  

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