Clear Group has acquired Hampshire-based niche schemes broker CoverMarque Ltd. The intermediary was founded in 2003 and specialises in insurance for temporary marquee structures. Following the deal, founder Nick Drew and his team will join forces with Clear’s retail business.

Mike Edgeley, CEO of Clear Group, said: “CoverMarque Ltd ticks all the boxes in what we look for in a business which can support our growth ambitions. It’s a fast growing, entrepreneurial led firm, which has carved out a distinctive position in the market for being a real specialist in its field. There is significant opportunity for Nick and his team to thrive within Clear as they look to expand their specialist offering to clients.’

Nick Drew, founder and managing director of CoverMarque Ltd, added: “Clear has an outstanding reputation for backing specialist businesses so we are delighted that we have found the ideal partner for CoverMarque Ltd.”

This is the sixth acquisition Clear has announced in the past three months.