’This acquisition marks a significant step in our evolution and broadens our reach,’ says managing director
Shape Underwriting, the new name for Clear Group’s MGA arm, has acquired Protect Underwriting.
Protect Underwriting specialises in private client high net worth (HNW) business, but also provides cover for cargo, political violence and contactors’ equipment.
Jonathan Rouse, managing partner at Protect Underwriting, said joining Shape Underwriting would allow it to invest in and grow its underwriting team.
He added: “We are excited to join Shape Underwriting. This partnership will allow us to invest in our underwriting team, matching our growth plans and deliver ongoing improvements to our broker service with greater access to our underwriters.”
’Significant step’
This transaction marks Shape Underwriting’s first acquisition since being rebranded on 1 May 2025.
Read: Clear Group appoints new group chief operating officer
Read: Clear Group targets ‘a proper global proposition’ through European M&A
Explore more M&A-related content here, or discover other news stories here
Clear Group said it had made the move as it wanted to put its MGA operations under a single brand, believing this will improve its service proposition and strengthen its position in the market.
After acquiring Protect Underwriting, Mandy Hunt, managing director at Shape Underwriting, said: “Protect Underwriting brings exceptional underwriting expertise and a strong track record. Its focus on quality and sustainable growth fits perfectly with our strategic direction.
“This acquisition marks a significant step in Shape Underwriting’s evolution and broadens our reach.”
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
No comments yet