The Clear Group will now be handling more than £300 million in premiums after snapping up Centor Insurance & Risk Management, which is the group’s 33rd broker acquisition since Clear came to life in 2001.
“We’re delighted to be joining the Clear Group,” commented Centor founder and chief executive Neil Walton. “Although we spoke to many potential buyers, Clear was undoubtedly the best home for our business. Its culture, focus on niche markets, and opportunities for our staff make it the perfect fit.”
With a strong standing in the London market, Centor handles over £40 million in premiums. Set up in 2004, the business enjoys revenue in excess of £6 million per year and is manned by more than 50 people.
“Neil and his team have a great reputation for providing a market-leading proposition to their clients,” said Clear executive chair Howard Lickens. “The business also has a strong track record in niche areas including property that will complement Clear’s own expertise.”
The transaction, financial terms of which were not disclosed, is subject to approval by the Financial Conduct Authority.
