Insurance broker, Brown & Brown, Inc. has completed its previously announced acquisition of Kentro Capital Limited into the operations of Brown & Brown Europe.
London-domiciled Kentro is an insurance industry brokering group managing over £500 million of gross written premiums since its founding in 2008.
Kentro companies, Nexus, Xenia, Millstream, Capstone Brokers and Spectrum Risk Management, have focused on product specialisation and underwriting discipline as cornerstones for growth.
Mike Bruce, Chief Executive Officer of Brown & Brown Europe, commented: “We are very excited to welcome Kentro to the Brown & Brown team. The opportunity to collaborate with Colin and our new Xenia and Nexus teammates while adding their unique capabilities to our already robust service offerings will further strengthen our presence in the U.K., Western Europe and the U.S., as well as position us for continued growth.”
Colin Thompson, Group CEO of Kentro, added: “This is a pivotal milestone in the story of the Kentro Group. Coming together with Brown & Brown will serve as a business enabler and a catalyst for continued success for our Kentro colleagues, customers and capacity providers. We are very excited to join their dynamic team.”
Earlier in the year, Barrett Brown spoke about Xenia: “We look forward to working with Tim Coles, Xenia’s CEO, and the entire Xenia Broking team. The great capabilities they bring will add significant value to our Retail segment teammates and customers. The breadth of their specialization in trade credit will drive our continued growth and expanded presence in the U.K. and Western Europe and provide for new opportunities in the U.S.”
