Clear Group has entered the wholesale Lloyd’s broker space with the acquisition of marine and property specialist Lilley Plummer Risks Ltd. This is the second deal it has announced this week and will add around £150m of gross written premium to the group.

Mike Edgeley, Group CEO of the Clear Group said: “This deal is transformational for us because it reinforces our long-term strategy, set out some time ago, to broaden our specialist capabilities, strengthen our wholesale business and bolster our Lloyd’s presence.”

Stuart Lilley, CEO of Lilley Plummer, added: “Joining the Clear Group marks an exciting new chapter, and I'm confident that Lilley Plummer’s values and legacy will continue to thrive. Together we'll build on past successes and explore new opportunities to create lasting value.”