Clear Group adds third MGA with Profile Risk Solutions buy
Clear Group has bought specialist commercial lines managing general agent Profile Risk Solutions, trading as Profile Underwriting, adding its third MGA in a month, Insurance Age can reveal.
Based in Essex, Manchester and London, the MGA was founded by CEO Paul Adams in 2015 and has grown to £22m of gross written premium.
The staff, including Adams, fellow directors James Kerr and Jeremy Cameron and an underwriting team of more than 20 people, will stay with the firm, Clear confirmed.
The business, a member of the Managing General Agents’ Association and a Lloyd’s coverholder, specialises in niche property and liability solutions for corporate and SME clients through London market
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Prestige CEO hails ‘landmark’ AUB deal
“Partnering with AUB Group gives us an exceptional platform to accelerate our growth, invest further in our people and services, and expand our presence across our current markets, while retaining the independence and culture that have been central to our success.”
Addept launches rental fraud defence product
Addept Insurance Services has launched a specialist landlord legal protection solution addressing the impact of property title fraud and illegal sub-letting by tenants.
Tysers and Movo owner AUB to acquire Prestige creating £720m UK business
AUB Group has agreed to buy 95.9% of Prestige Insurance Holdings for A$432m (£219m).
Brit launches integrated cyber and financial institutions cover
Brit has rolled out joined up cover across cyber, professional indemnity, directors’ and officers’ liability, and crime in an integrated package for financial institutions.
Coversure opens tenth office in a year
The Coversure network, part of the Jensten Group, has launched an office in Canary Wharf, London, its tenth opening this financial year.
Broking Success: Cass Stephens MD James Cass
Cass Stephens managing director James Cass explains how the broker is targeting the specialist care and park home sectors for growth as the business celebrates its 60th anniversary, and highlights the importance of cyber insurance for SMEs.
Ecclesiastical takes Levens from Allianz
Ecclesiastical Insurance has named Andy Levens as northern regional underwriting manager joining from Allianz and succeeding Andy Pearce.
Fitch neutral on UK insurers for 2026 but echoes motor losses warning
Fitch’s sector outlook for the UK non-life company market in 2026 is neutral, unchanged from 2025.