Integro Ltd. has acquired ReSource Intermediaries Inc.
Integro, New York, an insurance broker, says it made the deal for ReSource, San Francisco, in part because of the expertise ReSource has in health reinsurance and in part because ReSource has infrastructure and licenses that can help Integro operate as a U.S. reinsurance broker.
ReSource has offices in London and Bermuda as well as in the United States.
The companies are not announcing the price of the transaction or other terms, but Integro says ReSource President Bob Kennedy and other ReSource staffers will go to work for Integro.
- Allison Bell