UK-based Clear Group has bolstered its regional foothold with the acquisition of A-One Insurance coverage Group, marking its largest-ever retail dealer acquisition.
Based in 1993, A-One is a industrial dealer within the south of England.
The corporate has seven workplaces, greater than 150 workers and controls insurance coverage premiums value in extra of £50m ($64.6m).
Clear CEO Mike Edgeley mentioned: “We now have identified and have admired the A-One staff for a few years so are delighted that they’re now becoming a member of us on our thrilling development journey. Constructing a powerful regional broking presence stays a key a part of our long-term technique and this newest acquisition reinforces that dedication.
“A One strengthens our place as one of many largest brokers serving the south of England the place we have already got a powerful regional presence. We look ahead to welcoming our associates from A-One who I do know will convey vital worth and expertise to our enterprise.”
A-One provides a big selection of business insurance coverage options to a various shopper base starting from small and medium-sized enterprises to massive companies.
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The corporate has experience in sectors corresponding to property, excessive internet value, worker advantages and private traces.
A-One managing director Penfold, alongside together with his management staff, will now arrange a brand new South West area for Clear Group.
Moreover, A-One’s community of 9 appointed representatives and their respective groups will likely be built-in into Clear Group’s operations.
Penfold mentioned: “All through this time, we’ve got loved an important relationship with our colleagues at Clear, usually collaborating on concepts and options for our purchasers. So it was a simple selection when deciding on the most effective house for our enterprise.
“The longer term course of A-One with Clear is an thrilling one and we look ahead to working with Mike and his staff on creating their improbable enterprise mannequin.”
Lately, Clear Group entered the Lloyd’s wholesale insurance coverage market by buying Lilley Plummer Dangers, a marine and property specialist.
