New York and London (May 13, 2015) – International insurance broker and risk management firm Integro Ltd. today announced its acquisition of Kite Warren & Wilson Ltd, a London-based insurance brokerage with recognized specialties in marine hull & liability coverage and financial lines. Financial considerations of the transaction have not been disclosed.
Kite Warren & Wilson (KWW) was formed in 1999. With marine coverage a mainstay as a core offering, KWW has since expanded into the non-marine, financial and professional risk, and energy fields and today provides a broad range of services in retail and wholesale broking.
“Kite Warren & Wilson covers all types of marine transport, and we are delighted in particular at the extraordinary level of expertise in marine hull coverage our new colleagues add to Integro’s extensive marine capabilities,” said Toby Humphreys, Integro’s London chairman. “The KWW team, led by co-founders Tom Wilson and Mark Warren, also enhances Integro’s financial and professional lines capabilities in the UK marketplace.” KWW’s Chairman, Ray Kite, is retiring after 57 years in the industry.
Wilson, a managing principal, sees significant client benefit in the combination of forces: “We were attracted to Integro’s model of bringing together specialty broking operations; it made for a natural fit. What’s more, we look forward to offering our existing clients the broad range of quality expertise and services above and beyond their marine coverage needs that the Integro group provides. We also relish the opportunity to help drive international growth at this exciting time in Integro’s development.”
In addition to supplementing the firm’s global marine practice offerings, Integro President William Goldstein said the Kite Warren & Wilson acquisition will play an important role in expanding Integro’s global marine capabilities and enhancing service to Integro’s large Marine oriented retail clients. In addition, KWW enjoys a significant presence in Asia thus further expanding Integro’s international footprint.
Integro has been an active acquirer of specialist firms across its platform as it continues to establish itself as a provider of specialty solutions in the insurance brokerage space. Over the past year, Integro added NPA Insurance Broking Group (April 2015); Howard Global Insurance Services (December 2014); Ventura Insurance Brokerage (December 2014); Dominium (November 2014), Stonehouse Conseillers Ltd (August 2014); and Richard Thacker & Company Limited (April 2014).
Integro celebrated its tenth anniversary May 6 and President Goldstein is focused on the firm’s future. “Kite Warren & Wilson and other recent acquisitions underscore our commitment to being a leading international specialty brokerage firm,” he said.