Clear London Markets (Clear Group) Acquires Lloyd's Broker Lilley Plummer Risks from B.P. Marsh

October 29, 2024

Clear London Markets Limited, majority owned by Goldman Sachs Asset Management and part of the Clear Group, has agreed to acquire Lilley Plummer Risks Limited (LPR), a specialist Lloyd's broker, from B.P. Marsh & Partners Plc. The deal adds approximately £150m of gross written premium to Clear, will see B.P. Marsh receive about £21.65m net of transaction costs, and brings LPR's ~38 staff into the Clear Group to bolster its Lloyd's and specialist broking capabilities.

Buyers
Clear London Markets Limited (The Clear Group), Goldman Sachs Asset Management
Targets
Lilley Plummer Risks Limited (LPR)
Sellers
B.P. Marsh & Partners Plc, Lilley Plummer Holdings Limited
Industry
Insurance
Location
England, United Kingdom
Transaction Type
Buyout

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