New York-based Integro Ltd. announced the formation of an international insurance and reinsurance business unit to be based in London. The group will offer global insurance and reinsurance business capabilities for independent brokers and partners, and will be able to access all global markets.
Integro also announced that Julian Samengo-Turner and Ron Whyte have been hired to lead the new unit and join the board of Integro in the U.K. The two men formerly led Guy Carpenter’s global facultative reinsurance business unit. Also joining Integro and its U.K. board is Marcus Hopkins, previously head of Guy Carpenter’s U.K. facultative reinsurance operation.
“Under Julian and Ron’s leadership we plan to build on our international expertise and technical capability to benefit our clients,” stated Integro CEO Roger Egan. “Our plan is to develop an independent insurance and reinsurance alternative to what is currently available in the marketplace. We will do this by establishing an Integro presence in the major market centers throughout the world, and enhancing our existing presence in London, Bermuda and Stockholm.”
The bulletin noted that the formation of the new unit “also provides a viable option for Integro’s international network of partnership firms that provide local placement and risk management services in major countries outside of North America.”
Integro president and COO Peter Garvey commented: “This exciting expansion of Integro’s capabilities reflects our innovative approach to providing client solutions. “Whether the subject is reinsurance or insurance, wholesale or direct, we’ve created a collaborative, flexible yet robust platform freeing our brokers to focus on serving clients without the organizational constraints and interference that are commonplace in today’s broking business.”
The new unit will report to Mr. Garvey, as do the firm’s existing London and Bermuda operations.
Was this article valuable?
Here are more articles you may enjoy.