Clear Group acquires £50m GWP broker to create new regional presence

Broker Clear Group has acquired A-One Insurance Group – its largest retail broker purchase to date.

Established in 1993, A-One provides a range of commercial insurance products to small and medium-sized enterprises (SMEs), as well as large corporate clients.

The broker, which controls premiums in excess of £50m, is headquartered in the south of England and has an additional seven office locations.

The deal will see A-One managing director Ian Penfold and his team of more than 150 staff form a new south west region for Clear Group.

A-One will also bring across its network of nine appointed representatives and their teams to Clear Group.

Growth strategy

Clear Group said the deal “signals [its] largest acquisition of a retail broker to date and reinforces its commitment to building a strong regional broking presence as part of its long-term growth strategy”.

Mike Edgeley, Clear Group chief executive, said: ‘We have known and have admired the A-One team for many years, so are delighted that they are now joining us on our exciting growth journey.

“Building a strong regional broking presence remains a key part of our long-term strategy and this latest acquisition reinforces that commitment.

“A-One strengthens our position as one of the largest brokers serving the south of England, where we already have a strong regional presence. We look forward to welcoming our friends from A-One, who I know will bring significant value and experience to our business.”

Penfold added: “We have worked hard to build the A-One business across the south of England. Throughout this time, we have enjoyed a great relationship with our colleagues at Clear Group, often collaborating on ideas and solutions for our clients.

“So, it was an easy choice when deciding on the best home for our business. The future direction of A-One with Clear is an exciting one and we look forward to working with Edgeley and his team on developing their fantastic business model.”