Integro Ltd., announced the acquisition yesterday of a Lloyd's broker, Humphreys Haggas Sutton & Co. Ltd, enabling the New York-based Integro to establish a presence within the London marketplace.
Terms of the deal were not disclosed, but Integro said it has received regulatory approval from the Financial Services Authority for the change in control.
The name of the firm is to be changed to Integro Insurance Brokers Limited.
In a statement, Integro said, HHS was founded in 1994 by its three principals, Toby Humphreys, Simon Haggas and John Sutton, and Roger Egan, chief executive officer of Integro Ltd noted HHS's expertise in specialty lines, including professional liability and medical malpractice lines of business.
In the same written statement, John Sutton of HHS commented, "This represents an opportunity for us to leverage our skills and experience by aligning with a broker with great emerging marketplace power."
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