Headquartered in Cranbrook, Kent, with additional offices in London, Pardus Underwriting was founded in 2013 by Chief Executive Officer Keith Thompson and Chief Underwriting Officer Darren Stockman. Following the acquisition, both Keith and Darren, along with their entire team, will remain with the business, which will continue to operate from its existing locations.

The acquisition reflects Brown & Brown’s continued commitment to expanding its presence in the specialist MGA sector. The addition of Pardus strengthens Brown & Brown’s underwriting capabilities, particularly within commercial combined and property owner segments, while enhancing its ability to deliver niche, high-value solutions to its broker network.

Clive Nathan, Chief Executive Officer, Underwriting of Brown & Brown (Europe), commented: “We’re delighted to welcome Pardus into the Underwriting division. Their commercial combined specialisation enhances our product suite and brings fresh capability that we know our broker partners want. With strong organic growth potential and a highly experienced team, Pardus is an excellent fit for our strategy.”

Keith Thompson, Chief Executive Officer of Pardus Underwriting, added: “Joining Brown & Brown (Europe) marks an exciting new chapter for Pardus. We’re proud of what we’ve built over the past decade, and this move gives us the platform to accelerate our growth while continuing to deliver specialist products and exceptional service to our brokers and customers.”

The transaction has received full regulatory approval, and the financial terms of the deal remain undisclosed.

Brown & Brown, Inc. (NYSE: BRO) is a leading global insurance brokerage firm providing customised insurance solutions and risk management services since 1939. With more than 23,000 professionals operating across over 700 locations worldwide, the company continues to deliver innovative, scalable strategies that empower customers to grow and protect their businesses.