Brown & Brown, Inc. enters into an agreement to acquire Quintes Holding B.V.

Core Viewpoint - Brown & Brown, Inc. has entered into an agreement to acquire Quintes Holding B.V., a leading independent insurance broker in the Netherlands, with the transaction expected to close in Q4 2024, pending regulatory approvals [1][4]. Company Overview - Quintes, founded in 2012, is one of the largest independent insurance brokers in the Netherlands, serving approximately 200,000 customers across three main divisions: broking, MGA, and pension business [2]. - The company operates with around 700 insurance professionals across 18 locations in the Netherlands, characterized by high-quality advice and a customer-first approach [5]. Leadership and Integration - Post-acquisition, Quintes will continue to be led by its CEO and founder, Gijsbert van de Nieuwegiessen, who will report to Mike Bruce, CEO of Brown & Brown (Europe) Limited [3]. - The leadership of both companies emphasizes a shared commitment to customer service and aims to leverage Quintes' market position to enhance Brown & Brown's international footprint and capabilities [4]. Strategic Benefits - The acquisition is expected to provide Quintes' customers with access to additional capabilities and services through Brown & Brown's global network, while also offering growth opportunities for Quintes' employees [4]. - The hub structure of Quintes aligns well with Brown & Brown's decentralized sales and service model, which is anticipated to complement existing capabilities and drive growth [4].