International insurance brokerage and risk management firm Integro has announced its acquisition of Stonehouse Conseillers Ltd., “a London based specialist insurance broker servicing the needs of commercial film production companies and international advertising agencies.”
Financial details of the transaction were not disclosed.
“Entertainment is a key niche area for Integro and this acquisition demonstrates our continued commitment to become the broker of choice for clients who work in this sector,” said Integro President and COO Bill Goldstein. “We recently expanded our entertainment practice specialties and adding the Stonehouse capabilities to our team is great news for our clients.”
The bulletin also noted that “Integro has built its entertainment practice with the acquisition of Frost Specialty, Allan Chapman James, Doodson Broking Group and Multimedia Risk.
“The current Stonehouse management team, led by Directors Mark Good and Tony Wall, will remain in place and will partner with other Integro Entertainment specialists.”
Good described the tie-up with Integro as “a positive development for Stonehouse’s clients and staff;” adding that it would increase “our access to Lloyd’s and other key insurance markets in the UK and USA, plus it allows us to develop existing insurance programs for key clients. The combined forces of the group will deliver greater market presence and a platform from which we can progress the scope of our broking services within the UK and internationally.”
Integro indicated that it has “a culture and ethos completely aligned with Stonehouse’s, based on long term relationships with clients and first class service provision, further strengthening the strategic fit.” It said : “Stonehouse management and staff will continue to focus on providing exceptional client service delivery to commercial film production companies and advertising agencies, while developing new products for this innovative and dynamic media sector.”
Tony Wall added, “Personal service will remain our key priority and, with the benefit of the greater resources being delivered by the Integro group, we will have even more time to devote to the needs of our clients. We look forward to working closely with Integro to add value to our client service proposition.”
Source: Integro
Topics Mergers & Acquisitions Agencies London
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