Clear plots buying spree to double GWP by 2022
Up to 18 commercial brokers could be bought within the next five years.
Clear Insurance plans to double its gross written premium (GWP) to £200m by snapping up as many as 18 brokers within the next five years, CEO Howard Lickens told Insurance Age.
Lickens confirmed that the broker, a Brokerbility member, wants to achieve a revenue of £40m.
He said the business was growing on average by 20% annually which meant the firm was in a good position to increase in size.
Deals
The broker boss said growth would be helped by “completing 18 acquisitions where possible in
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