Clear Group has acquired Dublin-based broker Phelan Caswell Insurances in a deal that also includes the financial planning assets of the business.

Phelan Caswell Insurances – formerly BHP Insurances – was founded in 1998, and provides services to over 2500 clients, specialising in commercial insurance types and sectors such as construction, hospitality and events.

Under the terms of the agreement, Clear Group has acquired 100% of the PCI business, which will see the executive management team, which includes managing director Mark Phelan, continue to lead the business of 18 staff.

Mike Edgeley, group CEO of the Clear Group, said: “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.”

Mark Phelan, managing director of Phelan Caswell Insurances, added: "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.”