Brown & Brown to acquire UK firm Kentro Capital
cagkansayin/iStock via Getty Images
- Brown & Brown (NYSE:BRO) said Monday it will acquire Kentro Capital, an insurance industry group based in London that manages over £500M of gross written premium.
- Terms were not disclosed.
- Kentro and its business entities will continue to operate as they have historically, with the same leadership team, brand and market focus.
- Colin Thompson, Kentro's CEO, will continue to lead the business.
- The deal is expected to close in Q4.
- Earlier, Brown & Brown (BRO) reported Q1 results above estimates.