Exciting news for The Clear Group, which has announced the acquisitions of HIA International, based in Coventry and Bedford, and Luker Rowe Chartered Insurance Brokers, based in Amersham. These latest deals reflect a continuation of Clear’s strategy to acquire well-run and profitable broking firms as well as attracting brokers to join its Brokerbility network.
Since 2016, the Clear Group has doubled in size and now handles £225m in premiums. Clear Group has now made five acquisitions since ECI invested in 2018.
HIA International is a chartered broker, established in 1996. The existing management and wider team will all remain with HIA International and work closely with Clear colleagues on integrating the business. This will include relocating the Coventry office to the Clear operation in Leamington Spa to create a branch of real expertise and scale. A small team will continue to work from the HIA office based in Bedford.
The HIA business boasts a strong reputation and capability in property owners’ insurance. It also provides Pet Professionals At Work, specifically designed to meet the insurance needs of businesses and individuals providing professional pet care services. HIA has a strong track record with growing revenues of over £1.9m per annum.
Luker Rowe Chartered Insurance Brokers began trading in 1989. The team of 40 provide a range of business and personal insurance totalling a GWP of £18m with revenues in excess of £3m per annum. The broker has over 30 years’ experience providing insurance for the audiovisual and events industry and is a member of the National Outdoor Event Association, providing insurance for its event professionals. The management team and staff, led by Principal, Chris Luker and Managing Director, John Dunn will all remain with the business.
Clear Insurance Management Ltd is an award-winning chartered independent broker. Established in 2001, the business now employs over 470 staff across 12 trading locations. HIA International and Luker Rowe build on previous strategic acquisitions, including Brokerbility Holdings, the parent company of BHIB Insurance Brokers Ltd, Churchill Insurance Consultants Ltd, and the Brokerbility Network, which joined the Clear Group in September 2020. Brokerbility MD, Ian Stutz commented that Clear was committed to supporting Brokerbility’s members and expanding its network proposition.
