A-One Insurance Group is a commercial insurance broker in the south of England. Credit: David Gyung/Shutterstock.

UK-based Clear Group has bolstered its regional foothold with the purchase of A-One Insurance Group, marking its largest-ever retail broker acquisition.

Founded in 1993, A-One is a commercial broker in the south of England.

The company has seven offices, more than 150 employees and controls insurance premiums worth in excess of £50m ($64.6m).

Clear CEO Mike Edgeley said: “We have known and have admired the A-One team for many years so are delighted that they are now joining us on our exciting growth journey. Building a strong regional broking presence remains a key part of our long-term strategy and this latest acquisition reinforces that commitment.

“A One strengthens our position as one of the largest brokers serving the south of England where we already have a strong regional presence. We look forward to welcoming our friends from A-One who I know will bring significant value and experience to our business.”

A-One offers a wide array of commercial insurance solutions to a diverse client base ranging from small and medium-sized enterprises to large corporations.

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The company has expertise in sectors such as property, high net worth, employee benefits and personal lines.

A-One managing director Penfold, along with his leadership team, will now set up a new South West region for Clear Group.

Furthermore, A-One’s network of nine appointed representatives and their respective teams will be integrated into Clear Group’s operations.

Penfold said: “Throughout this time, we have enjoyed a great relationship with our colleagues at Clear, often collaborating on ideas and solutions for our clients. So it was an easy choice when deciding on the best home for our business.

“The future direction of A-One with Clear is an exciting one and we look forward to working with Mike and his team on developing their fantastic business model.”

Recently, Clear Group entered the Lloyd’s wholesale insurance market by acquiring Lilley Plummer Risks, a marine and property specialist.