The Clear Group, he London-based insurance intermediary, announced the acquisition of C.R. Toogood & Co. Ltd., a commercial insurance broker based in East Horsley, Surrey, UK.
Financial details of the deal were not disclosed.
Clear said this strategic move underscores its continued investment in the UK retail sector, strengthening Clear’s footprint in the South of England.
CR Toogood is a third generation family business, currently led by Peter Toogood. Alongside an experienced senior management team, the firm offers a comprehensive suite of services including commercial insurance, employee benefits, life insurance, and mortgage broking.
With gross written premiums (GWP) of £14.5 million (US$19.5 million) in 2024 and a dedicated team of 19 professionals, CR Toogood brings significant depth and local expertise to the Clear business, the company said.
As part of this transaction, Clear will also acquire the trade and assets of Crisp Specialist Risk and Lanning Toogood Ltd., two closely affiliated businesses to CR Toogood. Marcus Crisp and John Lanning will join the Clear Group.
“This acquisition reinforces our strategy of investing in high quality businesses with specialist offerings and strong cultural alignment. We’ve known the Toogood team for over 15 years and share a common ethos, one that prioritises looking after both clients and employees. We are excited to support the next phase of growth under Peter Toogood’s leadership,” commented Mike Edgeley, group CEO of Clear Group.
“Joining Clear marks a significant milestone for our business. We’re proud of the legacy we’ve built over three generations, and I’m confident that Clear is the right partner to take us forward,” said Peter Toogood, managing director of CR Toogood. “Their commitment to maintaining our local presence and investing in our people ensures our clients will continue to receive the personal, professional service they value.”
Source: The Clear Group
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