The Clear Group, a London-based insurance intermediary, has taken another significant step in expanding its footprint in the South of England with the acquisition of C.R. Toogood & Co. Ltd., a well-established commercial insurance broker based in East Horsley, Surrey. Financial details of the deal remain undisclosed. This acquisition highlights Clear's ongoing strategic investments in the UK retail insurance sector and enhances its local expertise and service capabilities in the region.

C.R. Toogood is a respected third-generation family business led by Peter Toogood, supported by an experienced senior management team. The firm offers a broad range of services, including commercial insurance, employee benefits, life insurance, and mortgage broking. In 2024, C.R. Toogood reported gross written premiums (GWP) of £14.5 million (approximately US$19.5 million) and boasts a dedicated team of 19 professionals. Clear will also acquire the trade and assets of two affiliated firms, Crisp Specialist Risk and Lanning Toogood Ltd., with Marcus Crisp and John Lanning joining the Clear Group as part of the transaction.

Mike Edgeley, CEO of Clear Group, stated that this acquisition aligns with the company's strategy of investing in high-quality businesses that share strong cultural values, particularly those that prioritise care for clients and employees. Edgeley expressed enthusiasm about supporting the next growth phase under Peter Toogood’s leadership. Peter Toogood echoed this sentiment, recognising the acquisition as a pivotal milestone for his family business. He emphasised Clear’s commitment to maintaining their local presence and investing in their team, ensuring clients continue to receive personalised service.

This deal follows several recent acquisitions by Clear designed to build a robust regional presence, particularly in the South of England. Notably, Clear acquired A-One Insurance Group in late 2024, one of the largest independent brokers in the region, with over 150 staff and more than £50 million in premiums. This acquisition formed Clear’s new South West Region, expanding its reach significantly. Earlier, Clear also acquired Vision Insurance Services Ltd., based in Bagshot, Surrey, which added £10 million GWP and 17 employees to Clear's portfolio, further solidifying its southeast presence.

In addition, Clear has strengthened its wholesale market capabilities with the acquisition of Lilley Plummer Risks Limited, a Lloyd’s wholesale broker, adding approximately £150 million of GWP and enhancing Clear's specialist offerings in marine and property insurance. Other regional acquisitions include smaller, well-established brokers like R T Waters Limited in Leatherhead and the insurance book of P W White & Partners Limited in Amersham, contributing to Clear’s broader strategy of sustainable growth through complementary businesses.

Clear’s CEO, Mike Edgeley, has consistently emphasised the importance of cultural alignment and client-centric values in these expansions, which seem to be paying off in the group’s ability to attract respected firms with long-standing local reputations. The rapid accumulation of diverse regional brokers reflects Clear's ambition to be a dominant independent insurance intermediary across the UK, building strength both in retail broking and specialist wholesale markets.

In sum, the acquisition of C.R. Toogood & Co. Ltd. is the latest illustration of Clear Group’s aggressive yet considered growth strategy, investing in deep-rooted, high-quality firms to extend its geographical reach, expertise, and service offering in the competitive UK insurance sector. With a strong, experienced leadership team and a shared ethos focused on client and employee care, Clear appears well-positioned for continued expansion.

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Source: Noah Wire Services