N.Y.-Based Integro Acquires iTrade Unit From Navigators Management Co.

New York-based insurance brokerage and risk management firm Integro announced the asset purchase of iTrade — a bonds and logistics brokerage division from Navigators Management Company.

Navigators Management Company is a subsidiary of Rye Brook, N.Y.-based specialty insurer The Navigators Group. Financial considerations were not disclosed.

iTrade offers a wide range of insurance, bonds and support services to customs brokers, freight intermediaries and the logistics trade.

Integro said iTrade would be a great strategic fit with its existing trade and logistics practice and that iTrade staff members would bring specialty expertise in U.S. customs and transportation bonds, cargo insurance and professional/legal liability.

Integro’s trade and logistics practice specializes in cargo insurance, U.S. customs and transportation bonds, truck insurance, business property and casualty insurance, and is skilled in creating and customizing logistics liability programs for international and domestic clients.

Launched in 2005, Integro is an insurance brokerage and risk management firm designed to serve organizations with complex risks. Its U.S. headquarter office is located in New York City.

Topics Mergers & Acquisitions New York