Private equity backed broker makes its first acquisition of 2020

Clear Group has made its first acquisition of the year with the purchase of specialist rights of light broker Light & Legal Indemnity Solutions.

The move will significantly bolster Clear’s rights of light and legal indemnities team, which will be led by the company’s managing director Dean Perkin.

”The businesses complement one another well as Clear has a strong property and construction capability from performance bonds to building warranties, house building to infrastructure and high-rise construction,” Clear said in a statement.

”Clear provides complete insurance solutions and insightful advice to investors, developers, surveyors, lawyers, managing agents and other professionals in this dynamic sector of the economy”, it added.

The acquisition is part of Clear’s ”ongoing strategy of acquiring high quality commercial insurance brokers, especially those with a differentiated proposition”, it said.

Clear chief executive Howard Lickens said: “Dean [Perkin], and his team are a great addition to our growing business and will certainly enhance our capability in this area.

”Dean has deservedly earned a great reputation in the market. It’s an exciting start to 2020 and we are planning to unveil more acquisitions throughout the year with the full backing of our PE [private equity] partner ECI.

Perkin added: “We now boast an unrivalled capability for legal indemnities and Rights of Light insurance unmatched by any other independent broker”.