US group continues on path of acquiring specialist UK brokers
US broking group Integro has bought Lloyd’s broker Croton Stokes Wilson Holden (CSWH) for an undisclosed sum.
CSWH’s staff, including the management team, will join Integro as part of the broker’s London wholesale group.
The deal is the latest in a line of specialist UK broker acquisitions for the US group.
Recent acquisitions include Entertainment Insurance Partners, Ellis Clowes and Entertainment Risk Management.
CSWH was founded in 1988 and specialises in placing North American property business into Lloyd’s.
Integro international operations president John Sutton said: “Croton Stokes Wilson Holden has built a stellar reputation on an efficient business model that has enabled it to become well established and respected within the Lloyd’s market.
“Their impressive team, led by Alan Croton, Tim Stokes, Stuart Wilson & David Holden, broadens Integro’s product suite and capabilities within the delegated authority business arena and the all-important Lloyd’s marketplace. We are delighted to have them on board.”
CSWH founder and chairman Alan Croton added: “We were attracted to Integro for a number of reasons, including the combination of impressive brands and the opportunity for growth.”
CSWH was advised by Jaswal Johnston, Cole Marie Partners and IMAS Corporate Finance.