No “for sale” sign up at Clear, says Howard Lickens

Howard Lickens

Broker CEO investigating funding options as he looks to double the business.

Howard Lickens, chief executive officer at Clear Insurance Management, has confirmed the news revealed yesterday by Insurance Insider that the broker has appointed Fenchurch Advisory and explained why it made the move.

Lickens detailed that the firm’s previously announced target of doubling to £40m of revenue by 2022 underpinned the decision.

“We are sitting here as a £20m revenue business knowing we can get to a £40m business,” he told Insurance Age.

“We have approached Fenchurch knowing we

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

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