New York, NY (June 21, 2016) – International broker and risk management firm Integro Insurance Brokers today announced a significant addition to its livestock coverage capabilities with the acquisition of Ocala, Florida-based corporations Jerry Parks Equine Insurance, Inc. and Parks Insurance Corporation. Financial details of the transactions have not been disclosed.
Industry veteran Jerry Parks established the eponymous Jerry Parks Equine Insurance, Inc. in 1986 to provide equine mortality insurance. In 1990, he expanded into farm and ranch owner coverage with the launch of Parks Insurance Corporation. Together, the acquired companies specialize in equine-related insurance and property and casualty insurance. The acquired companies primarily cater to the farm and ranch communities. Clients include horse owners, trainers and stud farms mainly in Florida, New York and Kentucky.
“Bringing Jerry Parks and his specialist colleagues onboard underscores Integro’s commitment to be a global leader in the complex arena of equine coverage,” said Marc Kunney, President of Integro’s North America Operations. “The Parks organization is a strong US complement to UK-based bloodstock specialist firm Howard Global, which became a member of the Integro family in 2014. We are excited to grow this specialty with Jerry and his highly regarded team.”
Mr. Parks and his team will report to Brian Morgan, Integro’s Atlanta operations leader.
Regarding his decision to join forces with Integro, Jerry Parks said, “It’s clear Integro is deeply committed to being the best it can be in this intricate business. We’ve built strong relationships with our clients over the past 30 years and it’s critical that we continue to serve them well. Aligning with Integro is the right thing to do to ensure that happens.”
Added Integro CEO William Goldstein, “Aligning with the highly regarded experts of Jerry Parks Equine Insurance and Parks Insurance exemplifies Integro’s strategy of leveraging existing strengths to build a leading specialty broker serving a number of sectors seamlessly worldwide.”
About Jerry Parks Insurance Group (“The Group”)
One part of the Group is Jerry Parks Equine Insurance, one of the largest equine insurance agencies in the US. It represents several of the nation’s premier equine insurers, all of whom are rated A and above and fully insured in all 50 states. The other part of the Group, Parks Insurance Corporation, offers farm insurance through its farm division, particularly for all equine related exposures. Additionally, its general lines division handles all commercial and personal needs. The Jerry Parks Insurance Group is located at 901 SW 60th Avenue, Ocala, FL 34474; phone 352.237.2164; www.jerryparksinsurance.com.
Integro is an international insurance brokerage and risk management firm. Clients credit Integro’s superior technical abilities and creative, collaborative work style for securing superior program results and pricing. The firm's acknowledged capabilities in brokerage, risk analytics and claims are rewriting industry standards for service and quality. Launched in 2005, Integro and its family of specialty insurance and reinsurance companies, some having served clients for more than 150 years, operate from offices in the United States, Bermuda, Canada, and the United Kingdom. Its U.S. headquarter office is located at 1 State Street Plaza, 9th Floor, New York, NY 10004. 1-877-688-8701. www.integrogroup.com.