UNA Alliance

        

Following months of negotiations, the FCA has now given formal approval for the acquisition of Tysers by fellow UNA Member, Integro.  The acquisition is Integro’s largest to date and demonstrates the company’s commitment to expand into attractive, specialist insurance markets. The highly compatible business structures and cultures will create an attractive and competitive brokerage, with double the scale.

Integro and Tysers have complementary wholesale capabilities, which will provide opportunities to expand and enhance the businesses client offering – with new solutions and expanded geographic coverage.

Recognising its strong heritage, the combined wholesale business will trade under the Tysers brand and be led by Integro’s current Co-Heads of UK Wholesale, David Abraham and Jason Collins. Tysers’ UK Corporate team members will join Integro’s UK Retail team, overseen by Bob Pybus, Integro’s Head of UK Retail, and trade under the Integro brand.

Founded in 1820, Tysers has successfully grown from a marine trade business to a specialist broker operating internationally in four practice groups - North America, international, reinsurance and marine and specialty. Originally a family firm, Tysers became a private partnership before incorporating in 2001. In 2007, a new generation spearheaded a buyout of Tyser & Co, which led to it being 100 per cent colleague-owned.

Integro, founded in 2005 and owned by Odyssey Investment Partners, LLC, has evolved to become a leading specialty insurance brokerage firm, serving clients in over 125 countries from more than 40 offices across the globe. The business is active in a range of speciality areas, including aviation, benefits consulting, entertainment and sport, financial institutions, healthcare, marine/energy, professional services, real estate/construction; reinsurance; retail/consumer services; and transportation and logistics.

UNA Board Member, Bob Pybus, said: “In addition to their wholesale team, Tysers brings a talented retail team which will improve our ability to serve corporate clients out of London.”

It’s business as usual for both members and their interaction with UNA and our project groups, so we very much look forward to hearing more about the exciting opportunities this opportunity presents.