Thu, 19 Jun 2025 | BUSINESS SALE
A nationwide insurance group has expanded its presence in the South of England with the acquisition of a commercial insurance broker based in Surrey. The Clear Group’s acquisition of C.R. Toogood & Co Limited boosts its UK retail operations and supports its growth aims in the region.
Based in East Horley, C.R. Toogood is a third-generation family business, currently led by Peter Toogood. The 19-strong company offers a suite of services, including commercial insurance, life insurance, mortgage broking and employee benefits and last year achieved gross written premiums of £14.5 million.
Clear Group said that the acquisition supports its goal of building scale and service capabilities in the region by adding locally embedded businesses with established client relationships.
The deal adds to the group’s growing presence in the South, with existing offices in Horsham and London. The South of England is a key focus area for the group, as a result of its large number of small and medium-sized businesses and established broker markets.
The acquisition will also see Clear Group acquire the trade and assets of two affiliated firms, Crisp Specialist Risk and Lanning Toogood Limited, with Marcus Crisp and John Lanning joining the group post-completion.
Clear Group Chief Executive Mike Edgeley (pictured above) commented: "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's leadership."
Peter Toogood added: "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.”
"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."
While M&a activity is strong in the UK insurance industry, there have been indications that dealmaking may have peaked
An exciting opportunity awaits with the acquisition of a reputable firm of solicitors located in Cheshire, presenting a unique chance to enter or expand within the legal sector.
This well-established East Midlands firm boasts over £90m in funds under management, offering a solid foundation and potential for growth.
This is an exclusive opportunity to acquire a South Wales IFA business with substantial assets under management, offering a stable, recurring income stream.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.