October 12, 2010
Integro Acquires ReSource Intermediaries, Inc.
New York (October 12, 2010) - The insurance brokerage and risk management firm Integro today announced its acquisition of ReSource Intermediaries, Inc., a reinsurance advisory and brokerage firm.
ReSource Intermediaries, a full service reinsurance broker with particular expertise in healthcare, develops and implements reinsurance strategies for a client base that includes insurance companies; alternative risk entities such as captives and risk retention groups; managing general agencies and third party administrators.
"ReSource Intermediaries brings top-notch expertise and will complement Integro's existing capabilities, particularly in the healthcare and professional liability sectors, with a level of quality client service that mirrors our own," said Integro President and CEO Peter Garvey. "In addition, ReSource Intermediaries provides the infrastructure and licenses enabling Integro to begin operating immediately as a reinsurance broker in the U.S."
Garvey added, "We are delighted to welcome Bob Kennedy and his extraordinary team to Integro, and are excited at what this will mean for the firm's West coast presence and the enhanced expertise we can provide all of our clients in the U.S. and London."
ReSource Intermediaries will continue under the leadership of Bob Kennedy as president. "To maximize operating performance we recognized the importance of joining forces with a firm that understands our value and shares our values," Kennedy said. "Integro fits the bill, and we are thrilled to be joining an organization that is established yet entrepreneurial."