Clear seals largest deal with £76.2m “transformational” swoop for Lloyd’s broker

Mike Edgeley, group CEO of Clear

Clear Group has entered the wholesale Lloyd’s broker space with what it has described as the “transformational deal” for Lilley Plummer Risks - a marine and property specialist.

The £76.2m deal is Clear’s largest acquisition to date in terms of gross written premium, adding an additional c.£150m of GWP. It had previously reported the 2020 swoop for Brokerbility, Churchill and BHIB as its largest deal, an acquisition that cost £26.81m subject to earnout.

Established in 2019, Lilley Plummer provides UK and international brokers with access to Lloyd’s and the London market.

It achieved brokerage of £1.8m and EBITDA of £0.4m in its first full year to 31 December 2020. In its

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