Independent insurance intermediary and financial services group Clear Group has announced that its chief financial officer Tim Money will leave the role at the end of June 2026 after more than six years in the role.
The company said Money joins at a key stage in its development and has been closely involved in supporting its expansion, including acquisition plans and wider growth plans.
Speaking about his departure, Money said: “I have decided it is time to move on to new opportunities. I have thoroughly enjoyed my time at Clear Group, particularly working with such a talented and inspiring team of colleagues. I will continue to be proud to witness Clear’s growth and am confident of its future success. I wish everyone all the best for the future.”
Clear Group CEO Mike Edgeley paid tribute to Money’s contribution, highlighting his impact on the organization’s size and financial performance.
“Tim will be greatly missed. He had a significant impact on Clear’s growth and helped us grow EBITDA from £5 million to £70 million, grow our staff from 200 to over 1,200, complete 40 acquisitions and build a high-value specialist finance function.
“Our latest results, which will be published in the coming months, will demonstrate another strong financial performance in line with the group’s strategic objectives, and Tim has been instrumental in helping us achieve this.
“Tim is deeply respected across the group, as well as our advisers, insurers and investors. We thank him for his outstanding contribution and wish him all the best for the future.”
Clear Group confirmed Money will be succeeded by Nathan Bavidge, currently chief financial officer of Three Rock Group, the parent company of Chill Insurance, Quote Devil Insurance and Ivernia MGA.
The company noted that Bavidge brings extensive experience in senior finance and leadership roles in the insurance and comparative industries. At Three Rock Group, he contributed to EBITDA growth, operational improvements and strategic initiatives, while earlier roles included senior roles in finance, risk, strategy and M&A at Policy Expert, Compare The Market, BGL Group and Direct Line Group.
Commenting on the appointment, Edgeley said: “Nathan brings a strong combination of financial, operational and strategic expertise, as well as deep industry experience in insurance distribution and underwriting operations.
“His track record of optimizing data and technology to enhance long-term value creation, and his commitment to team development, make him a perfect fit for Clear Group. We are delighted to welcome Nathan to the Group executive team as we continue to deliver on our ambitious growth plans.”
Bavidge added: “I’m delighted to be joining Clear Group at such an important stage in its development. Clear has built an impressive reputation in the market with a strong culture, entrepreneurial spirit and clear strategic vision. I look forward to working with Mike and the wider leadership team to help support the next stage of the Group’s growth.”
Clear Group said the leadership changes are part of its ongoing transition plan as the company continues to advance its long-term growth strategy in the insurance and financial services markets.
