30 May 2022
CENTOR joins the Clear Group
We are delighted to announce that Centor has entered into a conditional agreement to be acquired by the Clear Group.
After much deliberation, our CEO Neil Walton has decided to retire from the business, and the highly respected Clear Group was an obvious choice to facilitate this; they share the same goals and business ethos as Neil and Centor.
Succession in any business is vital in maintaining continuity of service, so over the last three years we have implemented a robust infrastructure, with the promotion of Sam Keep and Dani Williams into strategic roles, joining Paul Field, Richard Grainger and Kerry Smith on the Board, ensuring that the business continues to thrive. The acquisition will build on this strong foundation, and all key positions, ethos and award-winning client service will remain unchanged.
What does this mean for our clients?
It will be business as usual for all our clients:
• Client relationships with our staff will not change. All our hardworking staff, including our management team, will remain with the business.
• The Centor name, brand and seamless client service will remain.
• We will continue to operate as a separate legal entity.
• Clear Insurance Group share our values in the key areas of customer focus and to their people, and we are committed to continuing with the high standards of service that Centor has always been known for.
About Clear Insurance Group
Clear Group is an award-winning, independent Chartered insurance broker supporting businesses and individuals with their commercial insurance and employee benefit solutions. Focusing on the UK corporate and SME market they put excellent customer service at the heart of their proposition, and is why they have an outstanding Trustpilot rating, and a client retention of 95%. More information about Clear can be found here.
The Next Stage
The acquisition will formally complete once approval has been received from the regulator, the FCA. Neil will remain with Centor for 12 months after completion and our remaining Executive Directors will continue to work with Clear to drive the business forward.
If you have any questions, please do not hesitate to get in touch with your usual Centor contact here.