We’re delighted to announce that we’ve acquired Phelan Caswell Insurances, a broker based in Dublin, Ireland. This includes the financial planning assets of the business.
This latest acquisition marks the continuation of our investment into Ireland as a key market and partnering with like-minded brokers in the country.
Phelan Caswell Insurances Ltd (PCI), formerly BHP Insurances Ltd, was founded in 1998, and has established itself as a leading provider of insurance and financial planning services across Ireland. The business provides comprehensive insurance offerings to over 2500 clients nationwide, specialising in commercial insurance types and sectors such as construction, hospitality and events. PCI has a strong track record of organic growth alongside making selective acquisitions, including in 2023, when it acquired EBIB Insurances, a well-established equine insurance broker based in Naas, County Kildare. More recently, it invested in the book of business of Sweeney Walsh and Associates, a long-established Equestrian brokerage in Clonmel, County Tipperary.
In April 2023, we acquired Munster-based commercial broker, MBC Insurance: our first move into the Irish broker market. This deal marks the extension of our international presence.
Alongside the business, we’ll be welcoming the executive management team to Clear including Managing Director, Mark Phelan, who will continue to lead a further 18 staff members.
Mike Edgeley, Group CEO of the Clear Group: “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: “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. Clear also gives us access to new markets and improved support through its extensive resources. Most of all Clear was a standout in terms of its people and values.”
Des Murphy, Managing Director of Clear Ireland: “We are delighted to close the transaction with Phelan Caswell and are looking forward to working with Mark, Philip and their team. The Clear Group strategy in Ireland will be to continue to expand and partner with more like-minded brokers across the country. We are excited about the potential growth opportunities that this new partnership will bring.”
Source: Clear Group
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