International insurance brokerage and risk management firm Integro Ltd has announced the acquisition of NPA Insurance Broking Group, a well-known and highly regarded broker in the UK insurance market. Financial details of the transaction have not been disclosed.
NPA Insurance Broking Group serves clients from its Hitchin, Hertfordshire headquarters outside of London, with satellite offices in Uxbridge and Aylesbury.
Founded in 1990, NPA has grown to become a top-50 UK independent broker with annual premiums placed into the market exceeding £30 million. NPA focuses on corporate clients, as well as Small and Medium-sized Enterprises (SMEs). Its specialist niches include plant hire (equipment rental) insurance and transport related mobility insurance solutions.
“NPA Insurance Broking built an impressive brand in the regional retail insurance marketplace, which serves as a great foundation for Integro to achieve our objective of becoming a leading retail brokerage in the United Kingdom,” said Integro Ltd. President William Goldstein. “And as we’ve done in the United States, we will continue to grow our specialty areas as we expand our presence in the UK.”
NPA directors Bob Pybus, Cliff Nott and Laurence Tamplin will play an important role in driving the growth of Integro’s UK Retail practice. Pybus, NPA Insurance Broking co-founder, said joining forces with Integro made solid business sense.
“With increasing need to provide global reach for our clients and a rapidly changing business environment in the UK insurance market, this is the perfect time to join Integro -- with its shared values -- and play a key role in its expansion into UK retail business,” Pybus said.
Integro, which celebrates its tenth anniversary May 6, has established a significant UK presence organically and via a number of acquisitions in recent years, including: Howard Global Insurance Services, Stonehouse Conseillers Ltd. and Richard Thacker & Company Limited in 2014; Doodson Broking Group in 2013; and Allan Chapman & James Insurance Brokers Limited in 2012.