New York-based insurance broker Integro says its revenues in 2011 increased 21 percent to $101 million.The privately held firm says the revenue gain is similar to gains it made in 2010.
"2011 was a terrific year for Integro," says President and CEO Peter Garvey. "The vast majority of our growth was organic, and the strong close to 2011 is carrying into 2012."
Integro says it has now established four divisions to serve its "broadening client base" in the future:
|- Integro USA, focusing on providing broking services to U.S. clients facing complex risks. Marc Kunney, currently operations leader of the firm's San Francisco office, was named president of Integro USA. Nick Conca, operations leader of the firm's New York office, will serve as executive vice president.
- U.K. International Reinsurance and Wholesale Division, focusing on property, casualty, aviation and marine broking to the London and European markets on behalf of insurance companies and independent brokers worldwide. The division is led by Julian Samengo-Turner and Ron Whyte.
- U.K. Specialty Reinsurance and Wholesale Division, focusing on specialty-lines broking to the London and European markets on behalf of insurance companies and independent brokers worldwide. The division is led by Toby Humphreys and John Sutton.
- Integro Canada, focusing on pan-Canadian insurance-brokerage services delivered from offices in Toronto, Montreal and Vancouver. Canadian operations are led by Robert Dunn, chairman, and Mark Rankin, president.
"These divisions enable Integro professionals to best meet client needs from a front-line perspective, and we think that's all to the good for providing clients innovative solutions for complex risks," Garvey says.
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