International brokerage and risk management firm Integro Insurance Brokers has acquired the assets of Newport Beach-based employee benefits specialist Lugo & Associates Insurance Services Inc. for an undisclosed sum.
“Mike Lugo and his team are a great fit with our existing benefits business,” said Marc Kunney, president of Integro North America. “Lugo & Associates focuses on group health and 401(k) and pension plan clients in the small to medium size markets, a great complement to Integro’s larger company client base. With his vast experience in this market, Mike will lead the small to mid-size group division serving clients with fewer than 250 employees.”
Integro and Lugo & Associates know each other well. Lugo has had a working relationship with TRG Insurance Services, an Integro company, for years, and has been based in TRG offices in Newport Beach, CA.
Integro is an insurance brokerage and risk management firm focused primarily on serving organizations with complex risks. Launched in 2005, Integro and its family of specialty insurance and reinsurance companies, some having served clients for more than 100 years, operate from offices in the United States, Canada, Bermuda and the United Kingdom.
For more information, visit integrogroup.com.