NU Online News Service, Feb. 16, 11:28 a.m. EST
New York-based insurance broker Integro says its revenues in 2011 increased 21 percent to $101 million.
The privately held firm says the revenue gain is similar to gains it made in 2010.
“2011 was a terrific year for Integro,” says President and Chief Executive Officer Peter Garvey in a statement. “The vast majority of our growth was organic, and the strong close to 2011 is carrying into 2012. We are gratified that clients continue to discover Integro’s demonstrable advantages, and are increasingly selecting us as their broker of choice.”
Integro says it has now established four divisions to serve its “broadening client base” in the future:
- Integro USA, focusing on providing broking services toU.S.clients facing complex risks. Marc Kunney, currently operations leader of the firm’sSan Franciscooffice, was named president of IntegroUSA. Nick Conca, operations leader of the firm’sNew Yorkoffice, will serve as executive vice president.
- U.K. International Reinsurance and Wholesale Division, focusing on property, casualty, aviation, and marine broking to theLondonand European markets on behalf of insurance companies and independent brokers worldwide. The division is led by Julian Samengo-Turner and Ron Whyte.
- U.K. Specialty Reinsurance and Wholesale Division, focusing on specialty lines broking to theLondonand European markets on behalf of insurance companies and independent brokers worldwide. The division is led by Toby Humphreys and John Sutton.
- Integro Canada, focusing on Pan-Canadian insurance brokerage services delivered from offices inToronto,MontrealandVancouver. Canadian operations are led by Robert Dunn, chairman, and Mark Rankin, president.
Integro’sU.S.reinsurance brokerage (ReSource Intermediaries) and its entertainment specialty group (Frost Specialty) will continue to report separately to Peter Garvey, the firm says.