Clear Group, an independent insurance intermediary and financial services group, has announced that its Chief Financial Officer, Tim Money, will leave the business at the end of June 2026 after more than six years in the role.
The company said Money joined during a pivotal stage in its development and has been closely involved in supporting its expansion, including a programme of acquisitions and wider growth initiatives.
Reflecting on his departure, Money said: “I have decided that it is time for me to move on to new opportunities. I have hugely enjoyed my time at Clear Group, in particular working with such a talented and inspirational team of colleagues. I will continue to watch Clear’s growth with pride and full confidence in the success that lies ahead. I wish you all every success for the future.”
Clear Group Chief Executive Mike Edgeley paid tribute to Money’s contribution, highlighting his impact on the organisation’s scale and financial performance.
“Tim will be greatly missed. He has had a significant impact on Clear’s growth and has been instrumental in helping us move from £5m to £70m of EBITDA, from 200 to more than 1,200 colleagues, completing 40 acquisitions and building a highly valued and professional Finance function.
“Our latest results, which will be announced in the coming months, will demonstrate another strong financial performance in line with the Group’s strategic objectives, something Tim has played an important role in helping us achieve.
“Tim is greatly respected across the Group and by our advisers, insurers and investors. We thank him for his outstanding contribution and wish him every success in the future.”
Clear Group confirmed that Money will be succeeded by Nathan Bavidge, who is currently chief financial officer at Three Rock Group, the parent company of Chill Insurance, Quote Devil Insurance and Ivernia MGA.
The company noted that Bavidge brings broad experience from senior finance and leadership positions across the insurance and comparison sector. At Three Rock Group, he contributed to EBITDA growth, operational improvements and strategic initiatives, while earlier roles included senior responsibilities spanning finance, risk, strategy and mergers and acquisitions 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, together with deep sector experience across insurance distribution and underwriting businesses.
“His track record of optimising data and technology to enhance long term value creation, alongside his commitment to team development, makes him an excellent 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 am excited to be joining Clear Group at such an important stage in its journey. Clear has built an impressive reputation in the market, underpinned by strong culture, entrepreneurialism and a clear strategic vision. I look forward to working with Mike and the wider leadership team to help support the next phase of the Group’s growth.”
Clear Group said the leadership change forms part of its ongoing transition planning as it continues to advance its long-term growth strategy within the insurance and financial services market.
