Clear Group continues UK expansion with Moore Robinson deal

-0.04%

+0.26%

+0.23%

+0.37%

Goldman Sachs Group, Inc. GS	603.59	-0.04%
Dow Jones Industrial Average DJI	42249.37	+0.26%
S&P 500 index SPX	5900.22	+0.23%
NASDAQ IXIC	19080.36	+0.37%

By Ryan Hewlett

April 11 - (The Insurer) - Goldman Sachs-backed broker consolidator Clear Group has acquired London-based broker Moore Robinson Limited.

The acquisition will add to Clear’s growing UK retail arm, and follows the consolidator’s recent deals for Phelan Caswell in Ireland and specialist schemes business CoverMarque.

Established in 1987, Moore Robinson is an independent broker that specialises in placing and managing property portfolios and construction projects for property investors, developers and managing agents. The team also provides insurance solutions for high net worth clients.

Founder Robin Moore and his colleagues will join with the corporate team at Clear.

Clear Group has been on an expansion drive since Goldman Sachs Asset Management acquired a majority stake in the company in June 2022. As part of the deal, ECI Partners exited the business after a four-year partnership.

The firm has completed more than 20 acquisitions since the Goldman Sachs buy-in, including four MGAs.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.