’This acquisition strengthens our presence in Scotland ,’ says chief executive
Clear Group has acquired Scotland-based Spence Insurance.
Located in Scotland’s Central Belt, Spence Insurance specialises in commercial insurance. Clear Group said the firm ”has deep roots in the local community, with the Spence family involved in the industry for 50 years and operating from its Bathgate premises for more than 15 years”.
Spence Insurance will continue to operate from its Bathgate office.
Stewart Spence, managing director at Spence Insurance, said: “We are proud of the business we have built over the past three decades and are delighted to be joining Clear Group.
”This partnership allows us to continue delivering the personal service our clients value, while benefiting from the additional resources and wider capabilities that Clear Group provides.”
Strategy
The acquisition marks another step in Clear Group’s strategy to expand its footprint in key regional markets while partnering with established, client focused businesses.
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Read: Clear Group expands into Scotland with commercial broker acquisition
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Mike Edgeley, group chief executive at Clear Group, said: ”Spence Insurance is a highly respected broker with strong local relationships and a clear focus on commercial clients.
”This acquisition strengthens our presence in Scotland and aligns with our strategy of partnering with high quality businesses that share our commitment to client service.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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