New York, NY — International insurance broker and risk management firm Integro today announced a significant expansion of its Entertainment practice in its home base with the acquisition of Ventura Insurance Brokerage, a highly regarded provider of insurance services to the film, television, media and theatre industries. Financial details of the transaction were not disclosed.
Known for its entertainment sector services, New York-based Ventura Insurance Brokerage also serves the aviation, commercial & private client, and benefits markets, among others.
“New York is clearly a major entertainment hub and Ventura gives Integro an immediate and deep geographic presence and a team highly qualified to broaden our client base in the industry,” said Integro President William Goldstein.
In recent years, Integro has assembled a strong global entertainment practice with a growing global reach via a number of strategic entertainment-focused firm acquisitions, including: Stonehouse Conseillers Ltd. (2014) and Allan Chapman James (2012) based in the U.K.; Doodson Broking Group (2013) based in the U.K. and the U.S.; Multimedia Risk (2013) of Canada; and Nashville, TN-based Frost Specialty (2010).
“Entertainment is a key specialty for Integro and bringing Ventura into the fold underscores our commitment to become the broker of choice for clients throughout this industry,” said Neil Clayton, global Entertainment practice leader.
Integro’s US entertainment practice is a significant player in the live music sector. The addition of Ventura enhances the firm’s film, TV, media and theatre specialties in the United States, and will support the transatlantic film team.
Christine Sadofsky, president of Ventura Insurance Brokerage, and her team will continue in their leadership roles.
“There are very few brokers who truly understand the entertainment sector, so it was imperative that we find the right partner,” Sadofsky said. “Meeting the Integro team and listening to their plans for the future convinced us they were the one. I’m very excited about what is to come and look forward to being part of an expanding global organization.”
Integro is an 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. www.integrogroup.com