Integro and Tysers to merge

Integro is to acquire Lloyd’s broker Tysers and merge insurance operations, resulting in a management reshuffle.

The deal will see Integro hold 100% of the broker.

Integro is seeking to expand its wholesale arm with the move, which will continue to trade under the Tysers name.

Integro has yet to release the full details of the broader management team, but it has confirmed that it will be made up of a combination of staff from both brokers.

Current Integro co-heads of UK wholesale David Abraham and Jason Collins will lead the wholesale business.

Collins said: “This combination, once completed, will create a significantly larger wholesale platform that still retains its identity of being client-focused and a specialist broker. Clients will benefit from an enhanced range of products reflecting the broader skill base of the combined firms.” 

“We are delighted to be joining forces with such a well-respected specialist firm,” Abraham added.

In addition, Tysers chairman Christopher Spratt and non-executive director Peter Haynes will join Integro’s UK board.

Spratt said: “With continuing evolution and consolidation in the market I am confident that by bringing Tysers and Integro together we can go forward under the Tysers brand and develop an exciting business. This will deliver enhanced services to our clients, opportunities for our staff and an attractive proposition to the London market and beyond.”