December 17, 2009
Integro Announces Acquisition of Personal Lines Agency
Integro, an international insurance brokerage and risk management firm, today announced the acquisition of William E. Kelly Agency, Inc., a personal lines agency based in Mamaroneck, N.Y. Financial terms of the transaction were not disclosed.
"Among other benefits, the Kelly Agency allows us to broaden Integro's offering of insurance of yachts to our specialty niches," said Integro President and CEO Peter Garvey. "Our markets and client profiles align perfectly; culturally the two firms are a great fit, and this acquisition illustrates Integro's very deliberate, strategic growth strategy."
The employees of the Kelly Agency join Integro's Private Client Service group led by Managing Principal Frank Godfrey, who added, "The Kelly Agency, operating in Westchester for 25 plus years, has built an outstanding reputation on its dedicated client services. In addition, it is well known for its significant niche experience in insuring yachts. We welcome our new colleagues and the complementary expertise they bring to Integro's Private Client offering."
Integro's Private Client Service group offers selective insurance services for clients with substantial personal assets to protect. In addition to creating custom programs, Integro handles a variety of traditional and specialty products: from home, auto, umbrella/excess liability, floaters and watercraft to layered inland marine, museums, group personal excess liability, vintage auto, entertainment/events, life and disability insurance.
Integro also offers marine coverage for commercial clients, with expertise that includes negotiating and settling a wide variety of large claims from cargo disruption to hull and protection and indemnity (P&I).