We’re delighted to announce the acquisition of Lloyd’s wholesale broker, Lilley Plummer Risks Limited – a marine and property specialist. This is our largest acquisition in terms of GWP and it gives us great presence in the Lloyd’s market, complementing our specialist capabilities.
The acquisition significantly bolsters our wholesale proposition, adding an additional c.£150m of GWP to the Group. Alongside our UK retail, Europe, Ireland, MGA and Network businesses, this strategic deal adds to the existing key pillars that the Group has developed as part of our longer-term growth strategy.
Lilley Plummer provides UK and international brokers with access to Lloyd’s and the London market. The business has experienced rapid growth since its inception in 2019, evolving from its heritage as a leading Marine specialist to a multi-class international wholesaler. Lilley Plummer’s expansion into new lines and territories underlines the quality and capability of its team of thirty-eight staff, under the leadership and vision of CEO Stuart Lilley and Managing Director Dan Plummer.
Mike Edgeley, Group CEO of the Clear Group said: “This deal is transformational for us because it reinforces our long-term strategy, set out some time ago, to broaden our specialist capabilities, strengthen our wholesale business and bolster our Lloyd’s presence. We knew straight away that this was no ordinary broker, that their skillset perfectly complimented our strategy and so I am absolutely delighted to be welcoming Stuart, Dan and all the Lilley Plummer team to Clear.”
Stuart Lilley, CEO of Lilley Plummer said: “Dan and I are proud of everything we've achieved with Lilley Plummer and grateful to our team and partners who made it all possible. Joining the Clear Group marks an exciting new chapter, and I'm confident that Lilley Plummer’s values and legacy will continue to thrive. Together, we'll build on past successes and explore new opportunities to create lasting value.”
Dan Plummer, Managing Director of Lilley Plummer said: “Stuart and I were wholly focussed on finding a partner that would put our people and clients first. We quickly saw the cultural and strategic synergies between our business and Clear’s. In Clear and with the backing of Goldman Sachs, we have the right partners to support our ambitious growth plans as we continue to expand the strength and capabilities of the business and attract leading talent who want to be part of our exciting growth journey. The next few years will be incredibly exciting as we build out the breadth and reach of our wholesale broking offering.”
Stuart, Dan and the team - welcome to Clear!
