Cave Creek Capital is pleased to announce its recent investment in Integro Ltd., an insurance brokerage and risk management firm launched by Robert Clements, Pete Garvey, and Robert Egan and other senior executives from Marsh & McLennan Companies. The Integro team has a long track record of creating wealth in the insurance industry, generating over $12 billion of capital gains on $2 billion of investment in their previous ventures; including ACE, XL, MidOcean and Arch Capital.
Robert Clements, who stepped down as chairman of Arch Capital Group Ltd. last month, has secured more than $300 million in backing from insurance executives, Private Equity firms and other institutions to launch an insurance brokerage, Integro Ltd., to target large corporate accounts. The company hopes to benefit from the conflict-of-interest scandals in the insurance industry, offering brokerage services exclusively.
Cave Creek Capital was joined by several major buyout firms; including DLJ Merchant Banking Partners, Weston Presidio Capital and Century Capital Management LLC plus the pension trust unit of General Electric Co., hedge fund Highfields Capital Management LP and holding company Leucadia National Corp.
Cave Creek Capital Contact:
Patricia Attridge, Administrator
Phone: (480) 659-4699
[email protected]
