Clear Group acquires Irish broker Phelan Caswell Insurances

Insurance intermediary Clear Group has acquired Dublin-based broker Phelan Caswell Insurances Ltd (PCI), including its financial planning assets.

Founded in 1998, PCI – formerly BHP Insurances Ltd – provides comprehensive insurance offerings to over 2500 clients nationwide, specialising in commercial insurance types and sectors such as construction, hospitality and events.

PCI has consistently grown organically and strategically through acquisitions. In 2023, this strategy included the purchase of EBIB Insurances, a reputable equine insurance broker located in Naas, County Kildare.

More recently, PCI invested in the client base of Sweeney Walsh and Associates, a long-standing equestrian brokerage in Clonmel, County Tipperary.

Under the terms of the agreement, Clear Group acquired 100% of the PCI business. Managing director Mark Phelan, alongside the executive team, will continue to lead the business and its 18 employees.

Mark Phelan, Managing Director of Phelan Caswell Insurances, said: “Partnering with Clear is great news for our clients and staff. With support from the wider Irish business we will be able to provide an enhanced range of products and services, leveraging the strength of a larger organisation.

“This means we have greater access to specialist expertise and solutions tailored to our clients’ evolving needs, with the ultimate effect of improving our proposition and service to our customers. Clear also gives us access to new markets and improved support through its extensive resources. Most of all Clear was a standout in terms of its people and values.”

Mike Edgeley, Group CEO of the Clear Group commented: “Phelan Caswell Insurances is a quality broker which adds significant value to our growing presence in Ireland. Mark and his team are highly regarded across the Irish market. I’m sure they will thrive from being part of the Clear family as we continue to bolster our presence in Ireland.”

This latest acquisition marks the continuation of Clear’s investment into Ireland as a key market. The firm marked its entry into the Irish broker market with the acquisition of Munster-based commercial broker MBC Insurance in April 2023.

Des Murphy, Managing Director of Clear Ireland, added: “We are delighted to close the transaction with Phelan Caswell and are looking forward to working with Mark, Philip and their team.

“The Clear Group strategy in Ireland will be to continue to expand and partner with more like-minded brokers across the country. We are excited about the potential growth opportunities that this new partnership will bring.”

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