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

Core Viewpoint - Brown & Brown, Inc. has announced an agreement to acquire Quintes Insurance & Risk Management, a leading insurance broker in the Netherlands, which is expected to enhance Brown & Brown's international presence and capabilities [2][4]. Company Overview - Quintes Insurance & Risk Management, founded in 2012, is one of the largest independent insurance brokers in the Netherlands, serving approximately 200,000 customers across its three main divisions: broking, Managing General Agent (MGA), and pension business [8]. - The company operates with a team of around 700 professionals from 18 locations throughout the Netherlands, characterized by high-quality advice and a customer-first approach [8]. Transaction Details - The acquisition is anticipated to close in the fourth quarter of 2024, pending regulatory approvals and other closing conditions [2]. - Gijsbert van de Nieuwegiessen, the CEO and founder of Quintes, will continue to lead the company post-acquisition and will report to Mike Bruce, CEO of Brown & Brown (Europe) Limited [3]. Strategic Alignment - The leadership of Brown & Brown expressed excitement about the acquisition, noting that Quintes' hub structure aligns well with their decentralized sales and service model, which is expected to complement existing capabilities and drive growth [4].