To expand its international presence, Brown & Brown announced an agreement to acquire Quintes Holding B.V., one of the Netherlands’ largest independent insurance brokers. The acquisition is expected to close in the fourth quarter of 2024.
Quintes, founded in 2012 by Gijsbert van de Nieuwegiessen, has approximately 700 insurance professionals spread across 18 locations in the Netherlands. The company serves around 200,000 customers through its three main divisions: broking, MGA, and pension business.
Mike Bruce emphasized the shared values between the two companies, particularly their focus on customer and partner relationships. He noted, “Gijsbert and the team at Quintes share our commitment to always doing what is best for customers, teammates and carrier partners. Their position as an industry leader in the Dutch market will further expand our international footprint and broaden the scope of our global capabilities.”
According to a press release, Quintes will continue to operate under the leadership of its founder and CEO, Gijsbert van de Nieuwegiessen. He will report to Mike Bruce, the chief executive officer of Brown & Brown (Europe) Limited, who also serves on Brown & Brown’s senior leadership team.
Gijsbert explained that after four successful years of strategic partnership with Aquiline, Quintes has found a “forever home” in Brown & Brown.
“Quintes and Brown & Brown are like-minded organizations that share a common culture, values and purpose. For our customers, this move will bring access to additional capabilities, services and solutions, as well as the market strength of a global network,” Gijsbert said.
Barrett Brown, executive vice president and president of Brown & Brown retail segment, also expressed enthusiasm about the acquisition. He stated, “We are very excited to have Gijsbert, Quintes leadership and their talented teammates join Brown & Brown. Their hub structure is closely aligned with our decentralized sales and service business model, and the breadth of their specializations will complement our existing capabilities and drive our continued growth.”
Brown & Brown continues to provide comprehensive risk management solutions for individuals and businesses worldwide. The company is supported by a team of over 16,000 professionals and operates from more than 500 offices globally.
For more information about Brown & Brown, visit bbinsurance.com.
