Integro expects further deals in 2016
The organisation will continue to focus on niche sport and entertainment lines as it seeks further growth.
Integro is "always on the lookout" to buy complementary businesses and, global entertainment and sport practice leader, Neil Clayton, "expects it to grow" further in 2016.
Clayton told Insurance Age that the recent deal with Entertainment Insurance Partner (EIP) fitted in with Integro's strategy.
He commented: "EIP is attractive and fits with the business. It also offers Integro additional areas such as sports association business and the world of entertainment. The services are complementary to what Integro already offers."
Integro has made a number of acquisitions recently which include UK based Ellis Clowes in November; Entertainment Risk Management; Stonehouse Conseillers in 2014; Doodson Broking Group in 2013; and Allan Chapman James in 2012.
Clayton said that these deals were "bedding in very well". He added: "The most recent was Ellis Clowes which has a focus on motor sport and fits in very well. We had some business in that area but it made us much stronger."
Partnership
Clayton explained that the businesses bought by Integro are run like a partnership and they look to make deals with people who want to grow their business.
"We want to buy businesses where people are looking for the next step in their journey to grow ... rather than those looking to exit the market."
Looking ahead, Integro wants to continue growing in a global platform. "We want to be the broker of choice for entertainment and sport," Clayton stated.
He declined to reveal how much Integro was looking to spend across 2016 but said: "We are interested in growing our business and will consider any opportunity."
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