Entertainment Insurance Partners Ltd gobbled up by US broker

London-based entertainment and sports brokerage Entertainment Insurance Partners Ltd (EIP) has been acquired by a US firm.

Integro Insurance Brokers Holdings Ltd, which is part of New York-headquartered Integro Ltd, snapped up EIP for an undisclosed sum.

According to Business Insurance, EIP last year handled an insurance premium volume in excess of £100m. EIP currently employs around 150 people, bringing Integro’s staff base past the 1,000 mark.

Integro’s Manchester-based global entertainment and sport practice leader, Neil Clayton, said: “Integro and EIP have complementary skills and teams, which make this alignment of forces beneficial to clients and very exciting for all of us.

“Our strategy is to continue expanding our global entertainment and sport practice, employing the skills of our combined businesses to add new products and services for clients in all geographies.”

EIP, which provides risk management and insurance for artists, promoters and venues worldwide, also has offices in New York, Los Angeles, Atlanta and Nashville.

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