Global insurance brokerage and risk management firm Integro Insurance Brokers Holdings Ltd. announced that it has acquired London-based Entertainment Insurance Partners Limited (EIP), the parent company of Robertson Taylor Insurance Brokers Ltd., Robertson Taylor International Insurance Brokers Inc., Walton & Parkinson Ltd., Longreach International Ltd. and ESIX LLC. EIP is a specialist insurance broker handling entertainment and sports, with offices in in London, New York, Los Angeles, Atlanta and Nashville.
Financial considerations of the transaction, which has been approved by the Financial Conduct Authority (FCA) in the UK, have not been disclosed.
Integro noted that “EIP provides customized insurance and risk management services to artists, promoters, venues, productions and companies across the globe. It has insured nine out of the top ten highest grossing music tours of all time and handled fourteen of 2014’s top twenty grossing tours. Last year, EIP handled insurance premiums of over £100 million [$151.61 million] with more than 60 percent generated internationally.
“Robertson Taylor CEO John Silcock and James Davies, Global Sales & Marketing Director, will continue in leadership roles and report to Neil Clayton, Integro’s global Entertainment and Sport practice leader.”
Clayton explained that “Integro and EIP have complementary skills and teams, which make this alignment of forces beneficial to clients and very exciting for all of us. Our strategy is to continue expanding our global Entertainment and Sport Practice, employing the skills of our combined businesses to add new products and services for clients in all geographies.”
Silcock commented: “The entertainment and sport business is a global business. Together, EIP and Integro will become a combined force with unrivalled expertise, client and carrier relationships. It’s the start of a fantastic long-term partnership with a company that has a track record for innovation and an unwavering commitment to clients.”
Integro Ltd. CEO William Goldstein described the recent moves Integro has made as “a very exciting time as we bring two of the biggest brands in the sector together. We look forward to integrating and enhancing our comprehensive offerings to become the leading provider of insurance and risk management solutions to the entertainment and sports sector globally.”
Source: Integro Insurance Brokers Holdings
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