Brown & Brown to Acquire Dutch Insurance Leader Quintes
On 29 July 2024, Brown & Brownannounced an agreement to acquire Quintes Holding, a prominent independent insurance broker based in the Netherlands. This strategic move will enhance Brown & Brown’s international presence and global capabilities. The acquisition, anticipated to finalise in the fourth quarter of 2024, remains subject to regulatory approvals and other closing conditions.
Founded in 2012 by Gijsbert van de Nieuwegiessen, Quintes has established itself as one of the largest independent insurance brokers in the Netherlands. Headquartered in Waardenburg, the company operates with approximately 700 professionals across 18 locations. Quintes serves around 200,000 customers through its three main divisions: broking, managing general agency (MGA), and pension business.
Leadership Transition
Following the completion of the acquisition, Gijsbert van de Nieuwegiessen will continue as CEO of Quintes, reporting to Mike Bruce, CEO of Brown & Brown Europe. This transition is expected to strengthen the alignment between the two companies. Mike Bruce expressed enthusiasm about the acquisition, stating, “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.”
Synergies and Future Prospects
P. Barrett Brown, Executive Vice President and President of Brown & Brown’sRetail segment highlighted Quintes’ strategic fit within the Company’s existing framework. “We are very excited to have Gijsbert, Quintes leadership, and their talented teammates join Brown & Brown. Their hub structure is closely aligned with our decentralised sales and service business model, and the breadth of their specialisations will complement our existing capabilities and drive our continued growth.”
Gijsbert van de Nieuwegiessen welcomed the acquisition, noting, “After four successful years of strategic partnership with Aquiline, we have found a forever home in Brown & Brown. Quintes and Brown & Brown are like-minded organisations with 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. For our Quintes teammates, it will bring opportunities to grow professionally and personally.”
Conclusion
The acquisition of Quintes Holding by Brown & Brown represents a significant step in expanding the latter’s global operations and enhancing its service offerings. As both companies integrate their operations, the move will provide expanded capabilities and growth opportunities for their customers and employees.
