December 02, 2010
San Francisco (December 2, 2010) - ReSource Intermediaries, Inc, the reinsurance advisory and brokerage operation of Integro, today announced its acquisition of Reinsurance Advisory Services, Inc. (RAS), a risk advisor and reinsurance intermediary focused on healthcare. Financial details of the transaction were not disclosed.
San Francisco-based RAS was launched in 2003 and continues to be led by founder Peter Robinson, who will report to ReSource Intermediaries President Bob Kennedy.
RAS, with deep expertise in managed healthcare, health, accident, property catastrophe and casualty reinsurance markets, works extensively with health plans and insurance companies owned by multi-hospital systems and other provider groups. The firm's client base includes national, regional and purpose-built insurance companies; federal and state governmental entities; alternative risk entities such as captives and risk retention groups; and managing general underwriters.
"We are delighted that Peter and his team are joining ReSource and Integro," Kennedy said. "RAS enhances the depth, experience and expertise of ReSource and Integro in the healthcare marketplace and elsewhere."
Robinson, who will join ReSource as a Principal, said, "We are pleased to join Bob and his team at ReSource. Bob and I are both entrepreneurial and highly client-focused. There are emerging client needs driven by healthcare reform which will challenge the reinsurance market for expertise, capacity, innovation and ideas. Together we can bring even higher levels of skill and creativity to our clients and help them make better decisions as they work to navigate an uncertain future in the
field of healthcare and all the areas of insurance impacted by healthcare."
About ReSource Intermediaries
ReSource Intermediaries is a full service reinsurance broker with particular expertise in healthcare, developing and implementing 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 is located in San Francisco at 221 Main Street, Suite 730, San Francisco, CA 94105. 415-433-0600. www.resource-re.com
Integro is an insurance brokerage and risk management firm focused primarily on serving organizations with complex risks. Clients credit Integro’s superior technical abilities and creative, collaborative work style for securing superior program results and pricing. The firm's acknowledged capabilities in brokerage, risk analytics and claims are rewriting industry standards for service and quality. Launched in 2005, Integro and its family of specialty insurance and reinsurance companies, some having served clients for more than 100 years, operate from offices in the United States, Canada, Bermuda and London. Its U.S. headquarter office is located at 1 State Street Plaza, 9th Floor, New York, NY 10004. 1-877-688-8701. www.integrogroup.com
Betsy Van Alstyne