Integro Group Holdings LP, an international insurance brokerage and speciality risk management firm, has announced an affiliate has completed its acquisition of Hawkes Bay Holdings Ltd. (“HBH”), the privately-owned principal parent company of Tyser & Co Ltd. (“Tysers”), a leading specialist Lloyd’s broker. Integro will now begin the process of merging its Wholesale and Retail operations with Tysers.
This marks Integro’s largest acquisition to date and demonstrates the firm’s commitment to expanding into attractive, specialist insurance markets. The highly complementary business structures and cultures of Tysers and Integro creates a market leader in the UK brokerage market, nearly doubling the size of Integro’s current Wholesale business.
The combined Wholesale business will be led by Integro’s Co-Heads of Wholesale, David Abraham and Jason Collins, whilst the combined Corporate & Private Clients segment will be overseen by Bob Pybus, Integro’s Head of UK Retail. The Entertainment & Sport segment will continue to be led by Neil Clayton. Integration plans are well underway with the aim of combining the firms Wholesale and Retail operations in the near future.
David Abraham, Co-Head of Wholesale said: “This is a very exciting milestone in the history of both firms. Together, we have created a significantly larger wholesale platform, one which will bring a unique and attractive offering to the UK market and our international clients.”
Gary Andrews, Tysers Head of North America, said: “Integro and Tysers have similar cultures and ways of doing business. We have a great opportunity to attract and retain the very best, entrepreneurial talent in our industry.”
Bob Pybus, Head of Retail, said: “Together with Tysers, we are able to provide clients with an enhanced range of products and a broader base of skills, as well as enhanced opportunities for our teams.”