International insurance broker and risk management firm Integro has acquired London-based Lloyd’s broker Croton Stokes Wilson Holden (CSWH).
Financial considerations of the transaction have not been disclosed.
Founded in 1988, CSWH specialises in the placement of North American property business into the Lloyd’s market. The staff members of CSWH, including the management team, will join Integro as part of the firm’s London wholesale group.
CSWH was advised by Jaswal Johnston, Cole Marie Partners and IMAS Corporate Finance.
“Croton Stokes Wilson Holden has built a stellar reputation on an efficient business model that has enabled it to become well established and respected within the Lloyd’s market,” said John Sutton, president of Integro’s international operations.
He added: “Their impressive team, led by Alan Croton, Tim Stokes, Stuart Wilson and David Holden, broadens Integro’s product suite and capabilities within the delegated authority business arena and the all-important Lloyd’s marketplace. We are delighted to have them onboard.”
Alan Croton, founder and chairman, CSWH, commented: “We were attracted to Integro for a number of reasons, including the combination of impressive brands and the opportunity for growth.”
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Integro, Insurance, Broker, Risk Management, Lloyd's, Croton Stokes Wilson Holden, CSWH, M&A,, John Sutton, Alan Croton, London, UK, North America