Announced
Synopsis
Clear Insurance, an independent Chartered insurance broker, agreed to acquire Lilley Plummer Risks, a specialist Lloyd's broker, from B.P. Marsh, a specialist VC/PE investor, for £21.65m. "It has been a pleasure to work with Stuart Lilley, Dan Plummer and the team at Lilley Plummer Risks over the last five years. The Group's founding investment in Lilley Plummer Risks, and its eventual sale, is testament to our approach in seeking partnerships with skilled management teams to create and ultimately realise value for our shareholders. We are delighted to have been part of the growth of Lilley Plummer Risks and wish the whole team all the very best for the next chapter in their growth and development in partnership with Clear Insurance," Dan Topping, B.P. Marsh Chief Investment Officer.
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