Integro, an insurance brokerage and risk management firm, has acquired the assets of New Jersey-based marine insurance broker Windward International.
Integro’s marine practice offers all lines of marine insurance coverage as well as claims expertise, including the handling of a major pollution spill.
In addition to its marine offerings, Windward International has also developed a subspecialty in Brown Water coverage (inland and coastal marine operations – mainly tug & barge, ship repair, marine construction, etc.) over the past 25 years.
Windward International’s Joseph Cacici and Jenna Brown will join Integro’s marine practice in New York City.
Integro Marine practice leader Gary Moore said among other benefits, the asset purchase of Windward International allows Integro to expand its marine practice, one of the key speciality groups, particularly in the area of Brown Water business.
Cacici said that the Windward International built its business on dedicated client service, competitive premiums and proper coverages.
"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," Cacici said.
Financial terms of the transaction were not disclosed.