History

Integro Company History: Specialty Insurance Brokerage

Integro began operations in May 2005 with $320 million in capital, no clients, no offices, no revenue, no licenses and five employees operating out of tight quarters in temporary space. In 2006 we generated $45 million of revenue and in 2007, achieved an organic revenue growth rate of 110 percent. Over the first decade of our existence, we consistently achieved superior client satisfaction ratings, national recognition for our talented brokers and steady growth, through both organic means and by acquiring niche brokerage firms.

A Decade of Dominance

Today we are one of the 25 largest brokers in the world based on P&C volume, and yet we have not forgotten our roots. We remain a specialty insurance brokerage, but have matured into a global risk management firm with a decade of experience covering a world of risk.

Timeline: Awards, Achievements and Acquisitions

  • Integro Insurance Brokers is founded in May 2005. It is the largest capital investment startup to date in the history of insurance brokers and dedicates itself to serving organizations with complex risk.
  • Integro establishes a London presence by acquiring Humphreys Haggas Sutton & Co. Ltd (HHS), a Lloyd’s broker founded in 1994.
  • Integro ranks among the top 25 most influential insurers and brokers in the insurance sector by Reactions magazine.
  • Integro is awarded Best in Show by Risk Insurance Management Society (RIMS) for its, “Meet the team that brings fresh choice” messaging.
  • Integro conceptualizes and sponsors the creation of Ironshore, Inc., a new global property catastrophe insurer, launching with over $1 billion in capital.
  • Integro is awarded patent-pending status on two of its proprietary analytical processes: C-RSQSM and ADOLASM. In less than two years since its inception, Integro now owns an advanced, definitive tool set for predicting exposure severity and susceptibility for D&O liability.
  • Integro ranks #56 on Business Insurance magazine’s Top 100 list of U.S.-based brokers.
  • Chairman Bob Clements is inducted into the Insurance Hall of Fame.
  • Risk & Insurance Magazine names eight Integro colleagues Power Brokers.
  • Integro brokers develop an exclusive and proprietary product to deal with supply chain management risk and contingent business interruption.
  • Integro ranks as the leader in client satisfaction, overall quality, quality of execution, service and knowledge amongst all complex risk management firms, according to Greenwich Associates, an independent market research firm.
  • Integro unveils XS Plus, a proprietary model for evaluating the efficiency and efficacy of excess liability programs.
  • Integro is named a Top-50 brokerage firm based on revenue generated by U.S.-based clients, by Business Insurance magazine.
  • Integro earns 2008 Readers Choice Award as the best retail broker in its category (firms generating annual revenue of $50 million to $250 million)
  • Integro acquires Montreal-based survey broker, Gerald H. Kuehne and Associates Inc.
  • Integro develops D&O Premium Efficiency Model, an actuarially-derived premium pricing model that highlights market inefficiencies and quantifies the actual value of a client’s risk transfer strategy.
  • Risk & Insurance magazine names seven Integro colleagues as Power Brokers.
  • Integro ranks as the industry leader in overall client satisfaction for the second consecutive year according to a survey of risk management brokers by Greenwich Associates.
  • Integro acquires Arch Intermediaries in London.
  • Integro repeats as the best retail broker in its category in Business Insurance magazine’s 2009 Readers Choice Awards.
  • Integro acquires Kelly Agency, broadening its Private Client Service offerings.
  • Integro purchases key assets of London Marine Insurance Brokers, an accredited Lloyd’s insurance Broker, and expands its marine coverage solutions.
  • Risk & Insurance magazine names 11 Integro colleagues as Power Brokers.
  • Integro is named Overall Best Broker for Quality by Greenwich Associates for a third consecutive year.
  • Risk & Insurance magazine names Integro colleague 2010 “Risk Innovator” for developing Integro’s Claim Inventory Management process for reducing workers’ compensation liabilities.
  • Integro acquires Frost Specialty, LLC, an entertainment insurance agency and ReSource Intermediaries.
  • Integro is named a Silver Circle award winner in the $50 million - $250 million revenue category of Business Insurance magazine’s 2010 Readers Choice awards.
  • Integro earns Industry’s Top Overall Client Satisfaction ranking in Greenwich Associates’ Risk Manager Survey.
  • Risk & Insurance magazine names three Integro colleagues as Power Brokers.
  • Integro acquires Windward International, Inc., a marine insurance broker, and Argo Insurance Brokers, a San Francisco-based broker offering commercial, private client services, employee benefits and specialty insurance programs.
  • Integro ranks #31 on Business Insurance magazine’s Top 100 list of U.S.-based brokers, based on 2010 revenue.
  • Integro is named #1 for Client Satisfaction in Greenwich Associates’ annual industry survey of risk managers for the fifth consecutive year.
  • Risk & Insurance magazine names six Integro colleagues as Power Brokers.
  • Integro acquires Allan Chapman & James Insurance Brokers Limited, the UK’s leading media insurance brokerage, and The Rule Group, a U.S.-based brokerage offering commercial insurance, risk management, solid waste insurance, employee benefits and personal insurance services.
  • Integro acquires iTrade, a bonds and logistics brokerage to form Trade & Logistics practice.
  • Risk & Insurance magazine names eight Integro colleagues as Power Brokers.
  • Integro acquires Doodson Broking Group, a UK-based entertainment and sports specialist, and Multimedia Risk Insurance Brokers, extending its entertainment coverage expertise and offerings.
  • Risk & Insurance magazine names three Integro colleagues as Power Brokers.
  • Integro acquires firms:
  • Canada-based Finning Insurance Services – specialty brokerage firm focused on developing heavy equipment insurance solutions
  • Montreal-based Labbe & Associates – firm focused on surety bonds and serving the needs of businesses in the construction industry
  • UK-based Richard Thacker & Company – firm focused on education and professional indemnity
  • UK-based Howard Global Services – Lloyd’s-registered specialty broker focused on bloodstock
  • UK-based Stonehouse Conseillers Ltd. – specialist insurance broker serving the needs of commercial film production companies and international advertising agencies
  • U.S.-based Lugo & Associates – employee benefits specialist firm
  • U.S.-based Dominium – specialists providing benefits consulting
  • U.S.-based Ventura Insurance Brokerage – entertainment specialist brokerage firm
  • U.S.-based Daugherty Insurance Services – all-lines retail insurance broker
  • Integro ranks #7 largest private P&C broker in the U.S. and 14th largest P&C broker among Top 100 Brokers in the U.S.
  • Integro opens Miami office to drive business in Florida and create an international wholesale hub into Latin America.
  • Risk & Insurance magazine names three Integro colleagues as Power Brokers.
  • UK-based NPA Insurance Broking Group – well-known and highly regarded broker focused on corporate, small and midsized enterprises
  • U.S.-based Clearview Group – national health benefits consulting specializing in service to the private equity industry
  • U.S.-based Design Insurance Agency – specialist brokerage providing professional liability coverage and risk management services to architects, engineers and design consultants
  • U.S.-based E&O Professional Risk Management – brokerage specializing in professional liability insurance
  • U.S.-based Energy Insurance Brokers – insurance firm specializing in covering trucking and energy risks
  • U.S.-based International Energy Insurance Brokers – energy and marine insurance specialist
  • U.S.-based Lemme Insurance Group Inc. – boutique insurance brokerage and consulting firm serving U.S. and Canadian accounting, consulting and law firms
  • Integro acquires UK-based AFL’s Aviation Division, enhancing its global sector presence with an additional dedicated aviation team, based in the UK.
  • Integro colleagues receive Business Insurance Magazine’s ’40 Under 40’ honor.
  • Integro acquires UK-based Entertainment Risk Management, Ltd., a London-based managing general agent specializing in the film and television media industry.
  • Integro acquires U.S.-based HealthCare Risk Specialists, a medical malpractice specialist firm based in West Hartford, CT providing custom designed and traditional professional liability insurance solutions.
  • Integro is acquired by Odyssey Investment Partners, LLC – an investment that strongly endorses Integro’s specialty growth strategy.
  • Integro acquires UK-based Ellis Clowes, a London and New York-based leader in global motorsports insurance.
  • Integro acquires UK-based Entertainment Insurance Partners Limited, parent company of Robertson Taylor Insurance Brokers Ltd.
  • Integro acquires U.S.-based Jerry Parks Equine Insurance, Inc., a firm specializing primarily in equine-related and property and casualty insurance for horse owners, trainers and stud farm and ranch communities in Florida, Kentucky and New York.
  • Integro acquires Insurance Revolution, Inc., the parent company of Maloy Risk Services, Inc., a niche insurance retail broker specializing primarily in solutions for financial institutions, including hedge fund, mutual fund, registered investment advisers, venture capital and private equity firms as well as technology and life sciences.