In a strategic move to further bolster its presence in the UK insurance market, Clear Group has recently announced its acquisition of CR Toogood & Co., a commercial insurance broker based in Surrey. The deal, valued at £14.5 million in gross written premiums, marks a significant expansion for Clear Group as it continues to grow its portfolio and enhance its service offerings.
The London-based insurance intermediary, Clear Group, has been actively pursuing opportunities to strengthen its market position and broaden its reach. The acquisition of CR Toogood & Co. aligns with Clear Group’s growth strategy, enabling it to tap into new client segments and enhance its capabilities in commercial insurance.
CR Toogood & Co., based in East Horsley, Surrey, has built a strong reputation for providing tailored insurance solutions to commercial clients across various industries. With a focus on delivering personalized service and expert advice, the brokerage has established long-standing relationships with its clients based on trust and reliability.
Commenting on the acquisition, Howard Lickens, CEO of Clear Group, highlighted the synergies between the two companies and the shared commitment to delivering exceptional service to clients. He emphasized the importance of strategic acquisitions in driving growth and expanding Clear Group’s market presence.
Industry experts have noted that mergers and acquisitions play a vital role in shaping the competitive landscape of the insurance sector. By consolidating their operations and leveraging complementary strengths, companies like Clear Group can enhance their offerings, improve efficiency, and gain a competitive edge in the market.
The acquisition of CR Toogood & Co. by Clear Group is expected to have a positive impact on both companies, enabling them to leverage their combined expertise and resources to offer a wider range of insurance solutions to clients. With a focus on innovation and client-centric services, Clear Group aims to strengthen its position as a leading player in the UK insurance market.
Overall, the acquisition of CR Toogood & Co. by Clear Group underscores the ongoing trend of consolidation and expansion within the insurance industry. As companies seek to enhance their capabilities and reach new markets, strategic acquisitions are likely to remain a key growth driver in the evolving landscape of the insurance sector.
References:
1. “Clear strikes deal for Surrey-based CR Toogood & Co.” Insurance Age, [https://www.insuranceage.co.uk/insight/7956803/clear-strikes-deal-for-surrey-based-cr-toogood-co]
2. “Clear Group Acquires UK Commercial Broker, C.R. Toogood & Co.” Insurance Journal, [https://www.insurancejournal.com/news/international/2025/06/19/828486.htm]
