Brown & Brown (Europe) struck a deal to acquire Pardus Underwriting, a UK managing general agent specializing in property owners and commercial combined insurance products. Terms weren’t disclosed, but the acquisition already has regulatory approval.
Founded in 2013, Pardus is headquartered in Cranbrook, Kent, with additional offices in London.
CEO Keith Thompson, CUO Darren Stockman, and the rest of the team will remain in place and continue operating from their existing locations.
The transaction builds on a busy year for Brown & Brown. Earlier in 2025, the group agreed to buy RSC Topco, the holding company of Accession Risk Management Group, in a $9.825 bn deal.
CEO J. Powell Brown said at the time that the move would push the company toward its intermediate target of becoming an $8 bn broker. He highlighted Accession’s decentralized, sales-driven model as a strong cultural fit.
With 2024 revenue of $4.81 bn, Brown & Brown ranks as the seventh-largest global broker. Adding Pardus strengthens its MGA capabilities in the UK and deepens its foothold in the London Market.
For Brown & Brown Europe, the play signals further momentum in building out specialty underwriting expertise alongside its expanding brokerage scale.
