These latest deals reflect a continuation of Clear’s strategy to acquire well-run and profitable broking firms as well as attracting brokers to join its Brokerbility network.
Enriching our capabilities
HIA International is a chartered broker, established in 1996. The existing management and wider team will all remain with HIA International and work closely with Clear colleagues on integrating the business. This will include relocating the Coventry office to the Clear operation in Leamington Spa to create a branch of real expertise and scale. A small team will continue to work from the HIA office based in Bedford.
The HIA business boasts a strong reputation and capability in property owners’ insurance. It also provides Pet Professionals At Work, specifically designed to meet the insurance needs of businesses and individuals providing professional pet care services. HIA has a strong track record with growing revenues of over £1.9m per annum.
Luker Rowe Chartered Insurance Brokers began trading in 1989. The team of 40 provide a range of business and personal insurance totalling a GWP of £18m with revenues in excess of £3m per annum. The broker has over 30 years’ experience providing insurance for the audiovisual and events industry and is a member of the National Outdoor Event Association, providing insurance for its event professionals. The management team and staff, led by Principal, Chris Luker and Managing Director, John Dunn will all remain with the business.
Building on success
Clear Insurance Management Ltd is an award-winning chartered independent broker. Established in 2001, the business now employs over 470 staff across 12 trading locations. HIA International and Luker Rowe build on previous strategic acquisitions, including Brokerbility Holdings, the parent company of BHIB Insurance Brokers Ltd, Churchill Insurance Consultants Ltd, and the Brokerbility Network, which joined the Clear Group in September 2020. Brokerbility MD, Ian Stutz commented that Clear was committed to supporting Brokerbility’s members and expanding its network proposition.
Howard Lickens, Executive Chairman of the Clear Group, said: “We have known the teams at both HIA and Luker Rowe for many years so are confident that they will make a seamless transition to the Clear Group. Both businesses have real expertise in areas including property, pet and event insurance, which will enhance our own capability for operating in niche markets. These deals, once again, demonstrate the flexibility and attraction of our business model, which provides brokers with real choice in the future direction of their business. This can be through a soft succession option or through membership of the Brokerbility network.”
Nick Newbold, Managing Director of HIA International, said: “Being part of the Clear Group will enable us to further develop our business and provide a great career path for our staff. We already have a strong credibility in the property and pet insurance space, having traded in these areas for many years, and now our clients will also benefit from Clear’s wider offering and expertise.”
John Dunn, Managing Director of Luker Rowe, said: “The Clear Group is a great cultural fit for our staff and provides a stronger base for our business. We are really excited about the opportunities that being part of the Clear Group now presents to our team and clients.”