Recent deals

August 2023
Hines Associates advises the shareholders of Profile Risk Solutions on its sale to Clear Group

Hines Associates (“Hines”) is delighted to announce that it advised the shareholders of Profile Risk Solutions on its sale to Clear Group

Based in Essex, Manchester and London, Profile Risk Solutions Ltd, which trades as Profile Underwriting, was founded by CEO Paul Adams in 2015. Under the leadership of Paul and fellow directors James Kerr and Jeremy Cameron, Profile Risk Solutions Ltd has demonstrated considerable organic growth to date. A professional underwriting team of more than twenty staff provides niche property and liability solutions for corporate and SME clients through the London Market and regional broker partners. The business is also a Managing General Agents Association (MGAA) member and a Lloyd’s approved coverholder.

Mike Edgeley, Group CEO of Clear Group commented:
“The acquisition of Profile Risk Solutions marks an important moment in our strategy as we build our MGA capability for brokers. Paul and his team have an exceptional reputation in the market and will play a vital part in growing our MGA offering.”

Paul Adams, Founder of Profile commented:
“Joining forces with Clear is an exciting moment for the Profile team. Clear gives us the financial firepower and support to build an enhanced MGA proposition, underpinned by high quality underwriting expertise and excellent levels of service.”

“Hines came highly recommended to us for their expertise in the insurance sector. We were impressed with their approach from initial discussions to completion of the transaction. Hines listened to our objectives and helped us source a partner that not only provides us with the best opportunity to continue on our growth trajectory but also provides a strong cultural match for our business and people. The Hines team provided an exceptionally professional service with an intensity to ensure the process ran smoothly and the shareholders benefited from the best outcome.”

Dilipe Arul, Partner at Hines commented:
“We are delighted to have advised Profile on its sale to Clear. This is an exciting transaction for all involved and demonstrates Clear’s ambition to enhance its underwriting capabilities and propositions to clients. It is pleasing to see Paul and team welcomed into a Group that will provide Profile with considerable growth opportunities and an aligned culture.”

“We are seeing a new wave of strategic and private capital interest in the MGA space and expect this theme to continue into 2024.”