The transaction marks the broking group’s 32nd M&A deal since 2001

Intermediary organisation The Clear Group has made its first acquisition of 2022, buying Ashford-based broker Kent Insurance Brokers and its book of business.

Established in 1992, Kent Insurance Brokers offers general commercial, fleet, property owners and professional indemnity insurance. Its customer base mainly comprises of industrial and engineering sector business owners.

For Clear Group, the transaction marks the company’s 32nd acquisition since it was founded in 2001.

Mike Edgeley, group chief executive of The Clear Group, said: “Kent Insurance Brokers is a great fit for The Clear Group and we look forward to [owner] Doug Rood and Michele Jarvis joining our team and being part of The Clear Group’s growth journey.”

Doug Rood, owner of Kent Insurance Brokers, added: “By far the most important factor in sourcing the right buyer was to ensure [it shares] the same standards and values we expect for the protection of our customers. Clear were the obvious suitor for our customers and staff alike.”