Independent broker Clear Group has bought Brokerbility Holdings and its constituent broking, network and technology businesses.

Under the deal, Clear has acquired BHIB Insurance Brokers, Churchill Insurance Consultants, the Brokerbility Network, Brokertech and Brokerbility Information Gateway.

Following the deal, Brokerbility Group will be led by Ian Stutz, CEO and Ashwin Mistry will continue to as chairman of the 27-member strong Brokerbility Network.

Howard Lickens, CEO of Clear, said: “This is a brilliant deal for Clear and everyone involved with Brokerbility, BHIB and Churchill. Both Ashwin and Ian have done such a fantastic job and I’m delighted that my friends will continue to lead Brokerbility in the next phase of its exciting journey.”

This latest deal represents the 27th broker acquisition made by Clear since it was established in 2001 and now means the group handles over £200m in premiums and employs over 400 people across 10 offices.

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