Clear Group buys Ashford-based broker
Clear makes first acquisition of the year as it snaps up Kent Insurance Brokers.
The Clear Group has bought Kent Insurance Brokers for an undisclosed sum.
Clear detailed that the move is its first deal in 2022 and represents its 32nd acquisition since it was established in 2001.
Kent Insurance Brokers was established in 1992 and is based in Ashford. It provides general commercial, fleet, property owners and professional indemnity insurance to a customer base largely comprising industrial and engineering sector business owners.
Protection
Doug Rood, owner of Kent Insurance Brokers, said: “By far the most important factor in sourcing the right buyer was to ensure they share the same standards and values we expect for the protection of our customers. Clear were the obvious suitor for our customers and staff alike.”
Mike Edgeley, Group chief executive officer of the Clear Group, added: “Kent Insurance Brokers are a great fit for the Clear Group, and we look forward to Doug Rood and Michele Jarvis joining our team and being part of the Clear Group’s growth journey.”
Acquisitions
Last year Clear purchased Luker Rowe and HIA International as well as Anderson White Insurance Brokers and H R Jennings & Co.
In 2020, it made its largest deal to date when it bought Brokerbility and BHIB.
In its latest set of financial results for the year ended 31 October 2020, Clear reported a rise in turnover to £19.3m.
For all the latest industry news direct to your inbox, sign up for our daily newsletter.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
ERS and Acturis team up on full-cycle API car product for brokers
Acturis and specialist motor insurer ERS have launched an API based car insurance product for brokers on the software provider’s platform which replaces legacy EDI messaging.
People Moves: 30 May – 2 June 2023
Stay in the loop with the latest personnel moves in insurance.
Brokerbility adds A-One as member
A-One Insurance Group has joined Brokerbility, becoming the first member to sign up after the network unveiled a refreshed proposition in April.
Ardonagh expands into Greece
The Ardonagh Group has signed up to buy a majority stake in Athens-based SRS Group of Companies.
Jensten Group buys up Coversure member
The Jensten Group has bought the Coversure Poole Group for an undisclosed amount.
Interview: Melissa Collett
Melissa Collett left the CII at the end of May. A champion of professionalism and customer fairness, she has some wise words for an insurance industry on the brink of change.
US cannabis-focused MGU CannGen Insurance opens in Europe
North American managing general underwriter, CannGen Insurance Services, has launched a European operation citing an expectation that the continent’s legal cannabis market will grow quickly.
Verisk targets brokers and MGAs with Morning Data buy
Global data analytics and technology provider Verisk has bought Morning Data, a supplier of software to brokers and managing general agents in London and across the world.