Brown & Brown (Europe) Ltd, part of Brown & Brown, Inc., has agreed to acquire Pardus Underwriting Limited, a managing general agent specializing in Property Owners and Commercial Combined insurance products. Pardus, founded in 2013 and headquartered in Cranbrook, Kent, will continue to operate from its existing locations, with CEO Keith Thompson, Chief Underwriting Officer Darren Stockman, and their team remaining with the business post-acquisition. The transaction, which has received regulatory approval, reflects Brown & Brown's strategy to expand its portfolio of niche and specialist underwriting capabilities. Financial details of the deal were not disclosed.
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