LONDON (VIP NEWS) — Robertson Taylor, one of the world’s leading names in music events insurance, has been fully acquired by fast-growing global brokerage and risk management firm Integro Insurance Brokers Holdings Ltd.
Integro has acquired the parent of Robertson Taylor Insurance Brokers Ltd, the London-based Entertainment Insurance Partners Limited (EIP), for an undisclosed sum.
EIP, an insurance broker specializing in Entertainment and Sports, has offices in London, New York, Los Angeles, Atlanta and Nashville.
EIP also owns the likes of Robertson Taylor International Insurance Brokers Inc., Walton & Parkinson Ltd., Longreach International Ltd and ESIX LLC.
According to its latest accounts filed with Companies House, EIP’s operating profit improved by 42% to £1.05m in FY 2014 (to end of December), with group revenue of £16.93m.
Robertson Taylor CEO John Silcock and James Davies, Global Sales & Marketing Director, will continue in leadership roles and report to Neil Clayton, Integro’s global Entertainment and Sport practice leader.
EIP has insured nine out of the top ten highest grossing music tours of all time and handled fourteen of 2014’s top twenty grossing tours. Last year, EIP handled insurance premiums of over £100m with more than 60% generated internationally.
“Integro and EIP have complementary skills and teams, which make this alignment of forces beneficial to clients and very exciting for all of us,” Integro’s Neil Clayton said – possibly referring to the fact that Integro owns Doodson, traditionally something of a rival to Robertson Taylor. –According to MusicWeek