Brown & Brown Acquires Kentro Capital Limited (Nexus Underwriting & Xenia Broking)
May 22, 2023
Brown & Brown, Inc. has entered into an agreement to acquire Kentro Capital Limited, the London-based insurance group that operates Nexus Underwriting, Xenia Broking and other specialty insurance businesses. The deal, which adds more than £500 million of gross written premium and a team of 350+ insurance professionals, is expected to close in Q4 2023 pending regulatory approvals and will expand Brown & Brown's specialty underwriting and trade credit capabilities in the U.K., Western Europe and global markets.
- Buyers
- Brown & Brown, Inc.
- Targets
- Kentro Capital Limited, Nexus Underwriting, Xenia Broking, Millstream, Capstone Brokers, Spectrum Risk Management
- Industry
- Insurance
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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