Clear acquires Light & Legal

Clear Group has acquired specialist insurance intermediary, Light & Legal Indemnity Solutions for an undisclosed amount. Founded in 2016, Ligh & Legal advises on the placing and arranging of rights of light indemnity and legal indemnity insurance for the commercial property sector.

As part of the deal, its managing director, Dean Perkin, alongside Vicky Kancheva, Felix Corbett and Hollie Breen will join Clear’s rights of light as well as legal indemnity teams in early March.

Chief executive officer of Clear Insurance Management, Howard Lickens said Light & Legal’s team will enhance the company's capability in this area.

“It’s an exciting start to 2020 and we are planning to unveil more acquisitions throughout the year with the full backing of our PE partner ECI,” he added.

Founded in 2001, Clear Group provides commercial insurance products to the mid-market and SMEs. It employs over 260 staff across six locations. The deal is expected to complement its existing property and construction capability, which includes performance bonds to building warranties, house building to infrastructure and high-rise construction.

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