New York, NY and Los Angeles, CA (June 1, 2015) -- Integro Ltd. today announced a significant enhancement of its oil and gas sector capabilities with the acquisition of International Energy Insurance Brokers (IEIB), an energy and marine insurance specialist headquartered in Los Angeles, CA. Financial considerations of the transaction have not been disclosed.
Led by founder and President Michael Newman, International Energy Insurance Brokers, launched in 1998, specializes in writing coverage in the oil and gas trading, production, drilling and oil services contractor sectors.
Newman, who becomes a principal at Integro, brings thirty years’ industry experience in all phases of the oil and gas industry worldwide to Integro’s Energy practice, a career that started as a Lloyds’ of London broker. He holds a law degree from the University of Cambridge (UK) and an MBA from the University of Southern California’s Marshall School of Business.
“Mike and his team round out our international energy capabilities with their deep connections in the United States and the UK, and their encyclopedic knowledge of coverage options for oil and gas companies,” said Mike Korn, Integro’s San Francisco Operations Leader and Property Practice Leader. “And with its base in Los Angeles, IEIB also expands Integro’s Southern California footprint.”
Aligning with Integro, Newman said, provides added benefit. “Integro’s structure and network give us significant advantages for local servicing, marketing, negotiating, and pricing, in the US, the UK and globally,” he noted.
About International Energy Insurance Brokers Specialists in Energy insurance, International Energy Insurance Brokers’ clients operate in every aspect of the energy industry, ranging from independent operators to some of the world's largest trading groups. IEIB has been involved in shaping insurance standards for the Energy industry with state and federal environmental regulatory agencies. IEIB is headquartered at 515 South Flower Street, Suite 3600, Los Angeles, CA 90071; phone: 213.236.3674; email: email@example.com. www.energyinsurancebrokers.net
About Integro Integro is an insurance brokerage and risk management firm. Clients credit Integro’s superior technical abilities and creative, collaborative work style for securing superior program results and pricing. The firm's acknowledged capabilities in brokerage, risk analytics and claims are rewriting industry standards for service and quality. Launched in 2005, Integro and its family of specialty insurance and reinsurance companies, some having served clients for more than 150 years, operate from offices in the United States, Canada, Bermuda and the United Kingdom. Its U.S. headquarter office is located at 1 State Street Plaza, 9th Floor, New York, NY 10004. 1-877-688-8701. www.integrogroup.com
Betsy Van Alstyne