August 09, 2012
Integro Acquires UK Media Insurance Broker Allan Chapman & James Insurance Brokers Limited
London & New York (August 9, 2012) - Integro Insurance Brokers Limited, a unit of Integro Ltd., today announced the acquisition of Allan Chapman & James Insurance Brokers Limited of Colchester, the United Kingdom's leading media insurance brokerage. Financial terms of the transaction have not been disclosed.
Established in 1988, Allan Chapman & James provides specialist broking services to the independent film, television and media industry sectors. The firm will retain its current trading name and become a wholly-owned subsidiary of Integro Insurance Brokers Limited.
Allan Chapman & James founders, Les Marshall and Terry Austin, along with Commercial Director John Claffey, will continue to deliver their highly specialised services to media industry clients, and will remain company directors. They will be joined on the board by Bill Goldstein, Integro chief financial officer; Ron Whyte, chief executive of Integro International; and John Owens, chief financial officer of Integro's London operations.
Ron Whyte said, "We are delighted to welcome the ACJ team. This acquisition will provide tremendous momentum to our focused drive in the UK retail arena and enhance our global presence in the Media and Entertainment sector."
Integro global CEO Peter Garvey noted, "It has been our strategy to grow by adding experienced and extremely capable people, and this acquisition exemplifies that. Like its 3,000 clients - including some of the major names in film, television and media in Britain and beyond - Integro appreciates Allan Chapman & James' combination of quality, cost effective cover and high levels of client service."
Terry Austin commented that "We are confident joining Integro will enable us to increase our present market position while expanding into new geographic markets. This is an exciting time for our company. We will continue to deliver high levels of service to the media industries, which distinguishes us from our competitors and has led us to become recognised as a leader in this sector."
About Allan Chapman & James