March 15, 2011
Integro Acquires Marine Insurance Broker Assets
New York -- Integro, an international insurance brokerage and risk management firm, today announced the asset purchase of Windward International, Inc., a marine insurance broker based in Highlands, NJ. Financial terms of the transaction were not disclosed.
In addition to its broad marine offerings, Windward International Inc. has developed a significant subspecialty in Brown Water coverage (inland and coastal marine operations -- mainly tug & barge, ship repair, marine construction, etc.) over the past 25 years.
"Among other benefits, the asset purchase of Windward International, Inc. allows us to expand Integro's Marine practice, one of our key specialty groups, particularly in the area of Brown Water business," said Integro Marine practice leader Gary Moore. "Our markets and client profiles align perfectly; and culturally, the two firms are a great fit. In addition, by strategically enhancing our existing marine offerings, this asset purchase further exemplifies Integro's very deliberate growth philosophy."
Windward International's Joseph Cacici and Jenna Brown join Integro's Marine practice in New York City. "Windward International built its business on dedicated client service, competitive premiums and proper coverages," Executive Vice President Cacici said. "We welcome joining forces with Integro as it offers our existing clients an even broader spectrum of service with our two operations providing complementary expertise."
Integro's Marine practice offers clients all lines of marine insurance coverage as well as considerable claims expertise, including the handling of a major pollution spill.
Integro is an insurance brokerage and risk management firm designed to serve organizations with complex risks. Repeatedly praised and awarded for dedicated client service, Integro's industry-leading brokers operate from offices worldwide. Its headquarter office is located at 1 State Street Plaza, 9th Floor, New York, NY 10004. 1-877-688-8701. www.integrogroup.com