Clear Group Acquires UK Dealer Imaginative and prescient Insurance coverage Providers Ltd. – Cyber Tech

The Clear Group, the London-based unbiased insurance coverage dealer, introduced it has acquired Imaginative and prescient Insurance coverage Providers Ltd, based mostly in Bagshot, Surrey, UK.

Monetary particulars of the transaction weren’t disclosed.

This newest acquisition strengthens Clear’s presence within the south east of England because it continues to put money into regional brokers of all sizes.

Established in 2010, Imaginative and prescient Insurance coverage Providers Ltd. is a extremely respected dealer serving purchasers throughout the south east of England. The enterprise controls £10 million GWP and offers insurance coverage options for a various portfolio of purchasers starting from sole merchants and SMEs by means of to giant corporates. Imaginative and prescient has additionally accomplished a lot of dealer acquisitions since its inception, which have supported its progress and added to its consumer proposition.

Imaginative and prescient’s founders, David and Claire MacKinnon, together with their workforce of 17 workers are becoming a member of the Clear Group and can play a pivotal function in persevering with to drive Clear’s progress throughout the area.

“We now have been speaking to David and Claire for a while, and it was clear from the outset that they’d bold progress plans for his or her enterprise by means of natural progress and acquisitions,” commented Clear Group CEO, Mike Edgeley, in an announcement.

“We had been each sure their enterprise can be a fantastic match with ours in some unspecified time in the future sooner or later. We’re thrilled they’ve determined the timing is true for them to hitch forces with Clear,” Edgeley stated.

“Investing in, and supporting regional brokers, is an integral a part of our technique to construct a sustainable and long-term enterprise. David, Claire and the Imaginative and prescient workforce run a high quality enterprise, pushed by a really succesful workforce by means of robust natural and inorganic progress, and can be a superb addition to our fast-growing enterprise. Their tradition mirrors ours, and, subsequently, I’m positive they’ll thrive from being a part of the Clear household.”

“Our enterprise attracted important curiosity from potential consumers so it was vitally vital we thought-about rigorously what was finest for Imaginative and prescient, our individuals and purchasers,” in accordance with David MacKinnon, co-founder of Imaginative and prescient Insurance coverage Providers Ltd. “Clear’s thrilling progress technique, its dedication to investing in its individuals and its distinctive tradition made it the standout proposition.”

Supply: Clear Group

Subjects
Mergers & Acquisitions
Businesses