International insurance broker and risk management firm Integro Ltd. announced the acquisition of London-based Lloyd’s broker Croton Stokes Wilson Holden Ltd.
Financial considerations of the transaction have not been disclosed.
Founded in 1988, Croton Stokes Wilson Holden Ltd. (CSWH) has evolved to become a premier specialist in the placement of North American property business into the Lloyd’s market, said Integro in a statement.
The staff members of Croton Stokes Wilson Holden, including the management team, will join Integro as part of the firm’s London wholesale group.
“Croton Stokes Wilson Holden has built a stellar reputation on an efficient business model that has enabled it to become well established and respected within the Lloyd’s market,” said John Sutton, president of Integro’s International Operations.
“Their impressive team, led by Alan Croton, Tim Stokes, Stuart Wilson & David Holden, broadens Integro’s product suite and capabilities within the delegated authority business arena and the all-important Lloyd’s marketplace. We are delighted to have them onboard,” Sutton added.
“We were attracted to Integro for a number of reasons, including the combination of impressive brands and the opportunity for growth,” said CSWH’s founder and chairman, Alan Croton.
CSWH was advised by Jaswal Johnston LLP, Cole Marie Partners Ltd and IMAS Corporate Finance.
About Croton Stokes Wilson Holden
Specializing in North American delegated authority business. CSWH offers services to a range of business classes, including commercial property, homeowners’ insurance, automobile coverage, motor truck cargo, dealers open lot, contractors’ equipment, E&O/professional indemnity and fine arts coverage.