Integro Ltd. announced the acquisition of Humphreys, Haggas, Sutton & Co. Ltd. (HHS), a Lloyd’s broker founded in 1994 by its three principals, Toby Humphreys, Simon Haggas and John Sutton.
“This acquisition enables Integro to establish its presence within the London marketplace,” said the bulletin. “Integro has received regulatory approval from the Financial Services Authority for the change in control. The name of the firm is to be changed to Integro Insurance Brokers Limited.”
“We are very pleased with the addition of HHS to our team,” stated Integro CEO Roger Egan. “It is a very fine specialty operation with excellent professionals and deep skills in professional liability and medical malpractice lines of business. Integro will build upon this platform to broaden our capabilities in this important marketplace.”
John Sutton of HHS commented: “Speaking for my partners and myself, this represents an opportunity for us to leverage our skills and experience by aligning with a broker with great emerging marketplace power.
“In addition to the significant opportunities we expect for future growth, an important facet of this transaction is that it causes minimal conflicts and allows us to look forward to providing a continued high level of service to our existing clients,” he added.
The Integro office, with its current staff of 26, will be located at 81 Gracechurch Street, London EC3V 0AU.
Topics Mergers & Acquisitions Agencies Excess Surplus Lloyd's
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