Clear Group acquires £10m GWP broker

Broker Clear Group has acquired Vision Insurance Services to expand its presence in the south east of England.

Based in Surrey, Vision is a broker that provides propositions for a range of clients, including sole traders, SMEs and large corporates.

Since being established in 2010, the firm has made a series of acquisitions to grow its offerings. It currently controls £10m in gross written premium (GWP).

Now it has been purchased by Clear Group, Vision’s founders David and Claire MacKinnon, along with their team of 17 employees, will all join the broker.

‘Great fit’

Speaking about the deal, Clear Group chief executive Mike Edgeley said: “We were both certain their business would be a great fit with ours at some point in the future.

“We are thrilled they have decided the timing is right for them to join forces with Clear Group. Investing in, and supporting regional brokers, is an integral part of our strategy to build a sustainable and long-term business.

“The Vision team run a quality business, driven by a very capable team through strong organic and inorganic growth, and will be a brilliant addition to our fast-growing business. Their culture mirrors ours and therefore I’m sure they will thrive from being part of the Clear Group family.”

David MacKinnon added that the acquisition came after his business “attracted significant interest from potential buyers”.

He added: “It was vitally important we considered carefully what was best for Vision, our people and clients.

“Clear Group’s exciting growth strategy, its commitment to investing in its people and its unique culture made it the standout proposition. We are looking forward to working with our new colleagues at such an exciting time.”