Brown & Brown Buys Kentro Capital

Daytona Beach-based Brown & Brown is adding to its portfolio. In late May the company announced it has entered into an agreement to acquire Kentro Capital Limited, according to a media release. The transaction is expected to close in the fourth quarter of 2023.

Kentro is an insurance industry group headquartered in London, managing over £500 million ($620 million in U.S. dollars) of gross written premium. The collective Kentro team is composed of more than 350 insurance employees from offices in the U.K., U.S., Europe, Asia and Dubai, the release states.

The Kentro Group and its individual business entities will continue to trade and operate as they have historically, with the same leadership team, brand and market focus. Colin Thompson, Kentro Group CEO, will continue to lead the business, supported by Stuart Rouse, Kentro Group CFO, and will work directly with Brown & Brown senior leaders, Mike Bruce, Senior Vice President; Chris Walker, Executive Vice President; and Barrett Brown, Executive Vice President, according to the release.

“We are very excited to have Colin, the Kentro senior leaders and their talented staff join the Brown & Brown team,” Walker said in the release. “The cultural alignment between our businesses demonstrates our shared vision and commitment to assisting customers of all sizes to meet their unique risk management needs.”