Independent insurance broker Clear Group has announced its acquisition of R T Waters Limited, a long-established insurance brokerage based in Leatherhead.
The acquisition is set to bolster the firm’s presence in the South East, which Clear Group notes is part of its ongoing strategy to build a sustainable, long-term business.
R T Waters Limited, founded in 1960, is recognised for its expertise in commercial, motor, and liability risks. The firm’s team, consisting of seven staff members led by managing director Trevor Hayter, will join Clear Group, bringing with them a strong portfolio of long-term client relationships and specialised knowledge.
Meanwhile, Trevor Hayter, managing director of R T Waters Limited, commented that joining forces with the Clear Group comes at a pivotal moment for his company. Hayter pointed out that the partnership not only enhances the client offerings of R T Waters but also presents new opportunities for its staff within a growing insurance business.
Clear Group noted that the acquisition highlights the firm’s approach of providing support and investment opportunities to smaller UK brokers.
Mike Edgeley (pictured above), group CEO of the Clear Group, also highlighted the alignment between the two companies, noting that R T Waters had long been known to Clear.
Edgeley stated that both businesses share a commitment to doing the right thing for their staff and clients. He expressed his satisfaction with the acquisition, particularly given R T Waters’ established reputation and strong management team.
Back in July, the company announced its acquisition of Maynard Milton Insurance Services LLP’s (Maynard Milton) book and assets.
Founded over three decades ago, Maynard Milton operates as a £4.9 million gross written premium broker in Southend-on-Sea, Essex. The firm is recognised for its strong position in the local market, particularly in the fleet and property insurance sectors.
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