Brown & Brown, Inc. Enters Into Agreement To Acquire Kentro Capital Limited d/b/a Nexus Underwriting And Xenia Broking; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Brown & Brown, Inc. (NYSE:BRO) has entered into an agreement to acquire Kentro Capital Limited, an insurance industry group managing over £500 million of gross written premium. The transaction is expected to close in Q4 2023, subject to regulatory approvals. Kentro's companies include Nexus, Xenia, Millstream, Capstone Brokers, and Spectrum Risk Management.
May 22, 2023 | 9:31 pm
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Brown & Brown, Inc. (NYSE:BRO) is set to acquire Kentro Capital Limited, an insurance industry group managing over £500 million of gross written premium. The deal is expected to close in Q4 2023.
The acquisition of Kentro Capital Limited will expand Brown & Brown's insurance portfolio and strengthen its presence in the London market. This is expected to have a positive impact on the company's growth and stock price in the short term.
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