1 June 2015 Insurance

Integro boosts oil & gas capabilities with acquisition

Broker and risk management firm Integro has strengthened its oil and gas sector capabilities with the acquisition of International Energy Insurance Brokers.

International Energy is an energy and marine insurance specialist headquartered in Los Angeles, California. It specialises in writing coverage in the oil and gas trading, production, drilling and oil services contractor sectors.

Founder and president Michael Newman will join Integro as a principal. He began his career as a Lloyd’s broker.

Mike Korn, Integro’s San Francisco operations leader and property practice leader, said: “Mike and his team round out our international energy capabilities with their deep connections in the United States and the UK, and their encyclopedic knowledge of coverage options for oil and gas companies. And with its base in Los Angeles, IEIB also expands Integro’s Southern California footprint.”

Newman added: “Integro’s structure and network give us significant advantages for local servicing, marketing, negotiating, and pricing, in the US, the UK and globally.”

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