JM Glendinning Professional Risks MD, Jake Fox, has been promoted to managing director responsible for JM Glendinning’s eight insurance broking businesses.
Jake Fox joined JM Glendinning in 2015 as a professional indemnity insurance specialist to establish the firm’s Professional Risks business, delivering broking and claims support with an emphasis on providing a high level of service to legal firms across the UK, and bringing over 20 years of insurance industry experience to the position.
Jake succeeds Nick Houghton, who became CEO of the JMG Group, formed following a management buyout in 2020. Jake is now responsible for the eight JM Glendinning businesses which are based in Yorkshire, the North East, North West and the Midlands. Jake will also continue to influence the running of the Professional Risks business.
Jake Fox said: “JM Glendinning is a progressive and ambitious business and I am very pleased to have this opportunity to move it further forwards in this phase of accelerated growth.
“As MD of JM Glendinning, I will be working closely with the leaders of our eight businesses to support their aspirations through organic and acquisitive growth and quality recruitment, to ensure we achieve our target of doubling our premium income from £50m to £100m over the next five years. We have a fantastic team and will be doing it the right way, with smiles on our faces.”
Nick Houghton said: “Jake is an exceptional business leader and the natural choice to become MD of the JM Glendinning business. He built up Professional Risks from a standing start to what is now the most successful division in our group.
“I have always said that the success of this business is down to finding brilliant people and building businesses around them and Jake is the perfect case in point. Anyone who has ever met Jake will agree that he is the consummate professional who is an absolute pleasure to work with.”