Clear Group strengthens London presence and capability with acquisition of Centor Insurance & Risk Management.
Independent broking group Clear has announced the acquisition of chartered broker Centor Insurance & Risk Management, subject to FCA approval. Centor is the 33rd broker acquisition made by Clear since it was established in 2001. The Clear Group now handles over £300M in premiums and employs over 550 people across 13 locations.
London based Centor was founded by CEO Neil Walton in 2004. Since then the business has grown significantly by providing its clients with a range of business and personal insurance solutions. Centor now handles GWP in excess of £40m with revenue exceeding £6m per annum. The business also has a strong reputation in the London market.
Neil Walton and his team of over 50 experienced professionals will now work closely with the team at Clear to maximise opportunities to grow the business.
Howard Lickens, Executive Chairman of Clear Group, said: “Neil and his team have a great reputation for providing a market leading proposition to their clients. The business also has a strong track record in niche areas including property that will complement Clear’s own expertise.”
Neil Walton, CEO of Centor Insurance & Risk Management, said: “We’re delighted to be joining the Clear Group. Although we spoke to many potential buyers, Clear was undoubtedly the best home for our business. It’s culture, focus on niche markets and opportunities for our staff make it the perfect fit’.