Integro could be broken up amid a sale

Broking group Integro could be broken up as owner Odyssey Investment Partners explores a sale. 

Odyssey is exploring a sale of the US part of the business, according to Insurance Insider.

Oyssey, an 80% shareholder, would retain the London market operation.

Evercore is handling the sale process. 

Integro ranks as 13th largest broker, according to IMAS and Insurance Times Top 50 Brokers, with £52m earnings.

It has been on an acqusition path, most notably in June this year when it swallowed up Hawkes Bay Holdings Ltd, the parent company of Tysers.