Clear acquires Morrison Insurance Solutions

13/09/2019
Read Time: 2 Min

We are very happy to announce that ECI-backed Clear Insurance has acquired Morrison Insurance Solutions.

Morrison is a highly selective broker based in Warwickshire and formed in 1989. The Clear Group has grown significantly over the last few years, doubling in size since 2016 and handling £135m in premiums.

Building on previous acquisitions, Clear will have a leading proposition for the Property and Construction sectors, drawing together all the specialist policies needed from concept to completion as well as ongoing property management.

Morrison Insurance Solutions’ existing management and team will remain under the leadership of Managing Director, Ian Millard. The business boasts a strong reputation in property owners insurance, and has demonstrated high profitability with growing revenues of over £3m per year.

Howard Lickens, CEO of Clear said: 

We have been friends with the team at Morrison for many years and are delighted that they have now joined us. Ian and his team will now play an important part in our strategy as we continue to grow across our niche lines of business and in the region. ECI’s support is enabling us to make further quality acquisitions of brokers that share our vision and culture.Howard Lickens CEO of Clear

Ian Millard, Managing Director of Morrison Insurance Solutions said:

Becoming part of Clear is a great move for our staff and clients. It was by far the best home for Morrison Insurance Solutions, where Howard and his team have built a successful business whilst retaining their values and independence as a broker. Their expertise in property owners business and other niches will undoubtedly be a major boost as we seek to continue our success and indeed expand our presence in these areasIan Millard Managing Director of Morrison Insurance Solutions

Paul McCreadie, Partner at ECI said:

Morrison Insurance Solutions is a fantastic addition to Clear. The business’ strong performance in the high-net-worth and property owners space complements Clear nicely, and allows it to strategically build on its own market-leading capability. Congratulations to Howard and the team at Clear, and we look forward to working with Ian and his team.Paul McCreadie Partner at ECI

About the author

Paul McCreadie

"I have been a member of ECI’s Investment Team since 2008, working with management teams from our initial investment all the way through to when we sell our stake. That means I get to meet great founders and management teams and support them to successfully deliver their vision."

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