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Integro forms four divisions, reports 21% jump in 2011 revenue

Posted On: Feb. 7, 2012 12:00 AM CST

Integro forms four divisions, reports 21% jump in 2011 revenue

NEW YORK—Integro Ltd. has formed four divisions to better serve its clients, the privately held insurance brokerage said Tuesday.

Integro also said its 2011 revenue increased 21% from the previous year, rising to $101 million.

“2011 was a terrific year for Integro,” President and CEO Peter Garvey said in a statement. “The vast majority of our growth was organic, and the strong close to 2011 is carrying into 2012.”

The four divisions the New York-based broker has set up include Integro USA, which will focus on providing broking services to U.S. clients facing complex risks. Integro said Marc Kunney, currently operations leader of its San Francisco office, has been named president of the new division. Nick Conca, operations leader of the firm's New York office, will serve as executive vp.

The U.K. international reinsurance and wholesale division will concentrate on property/casualty, aviation and marine broking for the London and European markets on behalf of insurance companies and independent brokers worldwide. It will be led by Julian Samengo-Turner and Ron Whyte, international division co-leaders.

The U.K. specialty reinsurance and wholesale division will focus on specialty lines broking for the London and European markets. It will be led by Toby Humphreys and John Sutton, London operations co-leaders.

In addition, Integro Canada will provide brokerage services from offices in Toronto, Montreal and Vancouver. The Canadian operations are led by Robert Dunn, chairman, and Mark Rankin, president.

Integro's U.S. reinsurance brokerage unit—ReSource Intermediaries Inc.—and its entertainment specialty group—Frost Specialty Inc.—will continue to report separately to Mr. Garvey.

“These divisions enable Integro professionals to best meet client needs from a front-line perspective, and we think that's all to the good for providing clients innovative solutions for complex risks,” Mr. Garvey said in the statement.