Clear Group announces first acquisition of 2022

The deal is its 32nd to date

Clear Group announces first acquisition of 2022

Mergers & Acquisitions

By Mia Wallace

The independent insurance broking group Clear Group has today announced its first acquisition of 2022, snapping up the book of business of Ashford-based Kent Insurance Brokers Ltd. The deal is the 32nd made by Clear since it was established in 2001.

Founded in 1992, Kent Insurance Brokers provides general commercial, fleet, property owners and professional indemnity insurance to a client base largely made up of industrial and engineering sector business owners.

Commenting on the deal, the owner of Kent Insurance Brokers Doug Rood said that the most important factor for the firm when sourcing the right buyer was to ensure that they shared the same standards and ethos that KIB expects for the protection of its clients. He noted that Clear was the obvious choice for KIB’s customers and staff alike.

Mike Edgeley, group CEO of the Clear Group also commented on the deal and added: “Kent Insurance Brokers Ltd 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.”

 

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