News & More
14 December 2015
Integro Acquires Entertainment Insurance Partners Ltd
Global insurance brokerage and risk management firm Integro Insurance Brokers Holdings Ltd. (“Integro”) today announced its acquisition of London-based Entertainment Insurance Partners Limited (“EIP”), parent company of Robertson Taylor Insurance Brokers Ltd., Robertson Taylor International Insurance Brokers Inc., Walton & Parkinson Ltd., Longreach International Ltd. and ESIX LLC. EIP, an insurance broker specializing in Entertainment and Sports, has offices in London, New York, Los Angeles, Atlanta and Nashville.
Financial considerations of the transaction, which has been approved by the Financial Conduct Authority (FCA) in the UK, have not been disclosed.
EIP provides customized insurance and risk management services to artists, promoters, venues, productions and companies across the globe. It has insured nine out of the top ten highest grossing music tours of all time and handled fourteen of 2014’s top twenty grossing tours. Last year, EIP handled insurance premiums of over £100m with more than 60% generated internationally.
Robertson Taylor CEO John Silcock and James Davies, Global Sales & Marketing Director, will continue in leadership roles and report to Neil Clayton, Integro’s global Entertainment and Sport practice leader.
“Integro and EIP have complementary skills and teams, which make this alignment of forces beneficial to clients and very exciting for all of us,” Clayton said. “Our strategy is to continue expanding our global Entertainment and Sport Practice, employing the skills of our combined businesses to add new products and services for clients in all geographies.”
EIP is the largest and most recent in a series of acquisitions by Integro, which include UK based Ellis Clowes in November, serving the global motorsports industry; Entertainment Risk Management Ltd. in August, primarily serving brokers specializing in the film and television media industry; Stonehouse Conseillers in 2014, servicing the needs of commercial film production companies and international advertising agencies; entertainment and sports specialist Doodson Broking Group in 2013; and Allan Chapman James in 2012, specializing in independent film, television and media industry sectors.
North American entertainment sector acquisitions have included Ventura Insurance Brokerage, Inc. (NY) in 2014, serving the film, television, media and theatre industries; Canada’s Multimedia Risk Inc. in 2013, serving the international film and television production industry; and Frost Specialty, Inc. in 2010, which focuses on the music industry from its Nashville base.
“The entertainment and sport business is a global business,” John Silcock commented. “Together, EIP and Integro will become a combined force with unrivalled expertise, client and carrier relationships. It’s the start of a fantastic long-term partnership with a company that has a track record for innovation and an unwavering commitment to clients.”
Integro Ltd. Chief Executive Officer William Goldstein concurred. “It is a very exciting time as we bring two of the biggest brands in the sector together. We look forward to integrating and enhancing our comprehensive offerings to become the leading provider of insurance and risk management solutions to the entertainment and sports sector globally.”
About Entertainment Insurance Partners Limited (“EIP”)
EIP is a worldwide leader in the entertainment insurance industry with offices in London, Los Angeles, Nashville, New York and Atlanta. With over 30 years’ experience, EIP has provided insurance and risk management advice to more top grossing acts, tours, sporting events, Theatrical Productions and artists than any other broker. Its UK headquarters is located at America House, 2 America Square, London, EC3N 2LU. www.rtworldwide.com
About Integro Entertainment
Integro Entertainment specializes in designing insurance policies that are responsive to the emerging needs and requirements of filmmakers, producers, broadcasters, entertainers, bands & artists, promoters, festivals, venues, industry associations, distributors, managers, freelancers, song writers, recording studios and anyone, anywhere engaged in the business of show business. Integro’s deep experience and expertise means Integro understands the nature of risks related to all facets of the industry, and is able to offer innovative solutions as market leaders in the entertainment industry.
Integro is an international insurance brokerage and risk management firm. Clients credit Integro’s superior technical abilities and creative, collaborative work style for securing superior program results and pricing. The firm's acknowledged capabilities in brokerage, risk analytics and claims are rewriting industry standards for service and quality. Launched in 2005, Integro and its family of specialty insurance and reinsurance companies, some having served clients for more than 150 years, operate from offices in the United States, Canada, Bermuda and the United Kingdom. Its U.S. headquarter office is located at 1 State Street Plaza, 9th Floor, New York, NY 10004. 1-877-688-8701.