Integro unit buys London entertainment insurance brokerReprints
Integro Insurance Brokers Holdings Ltd., a unit of Integro Ltd., has acquired London-based entertainment and sports brokerage Entertainment Insurance Partners Ltd., New York-based Integro announced Monday.
Terms of the deal were not disclosed.
EIP provides insurance and risk management services to artists, promoters, venues, and productions across the world. It has offices in London, Los Angeles, Nashville, New York and Atlanta and last year handled insurance premium volume of more than £100 million ($153.3 million).
EIP employs about 150 people, Integro said, and the acquisition takes Integro’s head count to more than 1,000.
“Integro and EIP have complementary skills and teams, which make this alignment of forces beneficial to clients and very exciting for all of us,” Neil Clayton, Integro’s Manchester, England-based global entertainment and sport practice leader, said in a statement. “Our strategy is to continue expanding our global entertainment and sport practice, employing the skills of our combined businesses to add new products and services for clients in all geographies.”