Phelan Caswell Insurances Joins Clear Group's Expanding Portfolio
Deal News | Feb 10, 2025 | Re-Insurance News
Insurance intermediary Clear Group has completed the acquisition of Dublin-based Phelan Caswell Insurances (PCI). Established in 1998, PCI provides various insurance offerings, catering to over 2500 clients and specializing in sectors like construction and hospitality. Over recent years, PCI has expanded its portfolio through strategic acquisitions including EBIB Insurances and Sweeney Walsh and Associates. Now under the Clear Group umbrella, PCI's executive team, including Managing Director Mark Phelan, will continue to operate the business. The acquisition is part of Clear's broader strategy to strengthen its presence in the Irish market, following their acquisition of MBC Insurance earlier in 2023. This move is expected to enhance the range of services available to PCI clients while providing new market access and resources.
Sectors
- Insurance
- Financial Services
Geography
- Ireland – Both Phelan Caswell Insurances and Clear Group's expansion strategy are centered in Ireland.
- United Kingdom – Clear Group is likely based in the UK, given its activity in Ireland through acquisitions.
Industry
- Insurance – The article discusses the acquisition of Phelan Caswell Insurances by Clear Group, both of which operate in the insurance sector.
- Financial Services – The companies involved are insurance intermediaries, which are a sub-sector of the wider financial services industry.
Financials
- – The article does not disclose any specific financial terms of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Clear Group | Acquiring Company | Company | An insurance intermediary firm expanding its presence in the Irish market. |
| Phelan Caswell Insurances (PCI) | Target Company | Company | A Dublin-based broker offering comprehensive insurance services, now acquired by Clear Group. |
| Mark Phelan | Managing Director | Person | Managing Director of Phelan Caswell Insurances, who will continue to lead the business post-acquisition. |
| Mike Edgeley | Group CEO | Person | CEO of Clear Group, overseeing the company's expansion. |
| Des Murphy | Managing Director of Clear Ireland | Person | Manages Clear Group's operations in Ireland. |