Brown & Brown, Inc. completes the acquisition of Kentro Capital Limited
Brown & Brown, Inc. has successfully completed its acquisition of Kentro Capital Limited, marking a significant milestone for both companies. The integration of Kentro into the operations of Brown & Brown Europe is expected to strengthen the company’s presence in the U.K., Western Europe, and the U.S., while positioning them for continued growth.
Mike Bruce, CEO of Brown & Brown Europe, expressed his excitement about the collaboration with Kentro, stating that their unique capabilities will further enhance the company’s service offerings. With the addition of Kentro’s expertise, Brown & Brown aims to deliver even more innovative risk management solutions to individuals and businesses worldwide.
Colin Thompson, Group CEO of Kentro, also shared his enthusiasm for joining forces with Brown & Brown. He believes that this partnership will serve as a catalyst for continued success, benefiting not only Kentro’s colleagues, customers, and capacity providers but also the broader insurance industry.
Brown & Brown, Inc., a leading insurance brokerage firm established in 1939, has a strong commitment to protecting what their customers value most. With over 15,000 teammates in approximately 500 locations globally, the company has built a reputation for providing top-notch risk management strategies.
Kentro, headquartered in London, is an insurance industry brokering group managing over £500 million of gross written premium. Comprising nearly 400 insurance professionals operating across various locations, including the U.K., U.S., Europe, Asia, and Dubai, Kentro has focused on product specialization and underwriting discipline to drive growth. Their companies, Nexus, Xenia, Millstream, Capstone Brokers, and Spectrum Risk Management, have played vital roles in their success.
Both Brown & Brown and Kentro are optimistic about the future prospects of their collaboration. The acquisition will enable them to leverage each other’s strengths, creating a powerful synergy that will benefit their clients and the industry as a whole.
As with any forward-looking statements, there are inherent uncertainties and factors outside of Brown & Brown’s control that may affect actual results and financial conditions. However, the company remains committed to providing updates and ensuring transparency as they navigate this new chapter.
For more information about Brown & Brown and their range of services, please visit their website at bbinsurance.com. To learn more about Kentro and their specialized insurance offerings, visit kentrocapital.com, nexusunderwriting.com, and xeniabroking.com.
Overall, this acquisition represents a positive step forward for both Brown & Brown and Kentro, as they combine their expertise and resources to better serve their clients and drive growth in the insurance industry.