Integro acquires Lloyd's broker specializing in North American propertyReprints
Integro Ltd. said Thursday it is acquiring London-based Lloyd's broker Croton Stokes Wilson Holden Ltd. for an undisclosed amount.
The New York-based broker and risk management firm said in a statement that CSWH, which was founded in 1988, is a premier specialist in the placement of North American property business into the Lloyd's market. Staff members of the firm, including its management team, will join Integro as part of the firm's London wholesale group, said the statement.
John Sutton, president of Integro's international operations, said in the statement, “Croton Stokes Wilson Holden has built a stellar reputation on an efficient business model that has enabled it to become well established and respected within the Lloyd's market.
“Their impressive team, led by Alan Croton, Tim Stokes, Stuart Wilson and David Holden, broadens Integro's product suite and capabilities within the delegated authority business arena and the all-important Lloyd's marketplace.”
CSWH founder and Chairman Alan Croton said, “We were attracted to Integro for a number of reasons, including the combination of impressive brands and the opportunity for growth.”
An Integro spokesman could not immediately be reached for comment on the size of Integro's London operation.
Integro announced in December 2015 that its Integro Insurance Brokers Holdings Ltd. unit had acquired London-based entertainment and sports brokerage Entertainment Insurance Partners Ltd.
In August 2015 Integro announced it had acquired London-based managing general agent Entertainment Risk Management Ltd., which serves brokers specializing in entertainment-related business, primarily film and television production.