Integro Acquires Equine Broker Jerry Parks Insurance Group in Florida

International broker and risk management firm Integro Insurance Brokers has added 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 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.

Marc Kunney, president of Integro’s North America Operations, said The Parks organization is a strong U.S. complement to its UK-based bloodstock specialist firm Howard Global, which became a member of the Integro family in 2014.

Jerry Parks and his team will report to Brian Morgan, Integro’s Atlanta operations leader.

Jerry Parks Insurance Group has two parts – Jerry Parks Equine Insurance, one of the largest equine insurance agencies in the U.S. representing several U.S. equine insurers. 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.

Integro is an international insurance brokerage and risk management firm. Launched in 2005, Integro and its family of specialty insurance and reinsurance companies operate from offices in the United States, Bermuda, Canada, and the United Kingdom.

Topics Florida Mergers & Acquisitions USA Agencies Agribusiness