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Brown & Brown Europe expands with new acquisition in UK 

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Brown & Brown Europe expands with new acquisition in UK 

Brown & Brown Europe, a division of worldwide insurance coverage brokerage Brown & Brown, has expanded its UK operations with the acquisition of Stewart & Companions.  

The deal, the phrases of which have been undisclosed, noticed Brown & Brown Europe purchase 100% share capital of Oxlea Investments, buying and selling as Stewart & Companions. 

It’s anticipated to boost the corporate’s service choices in industrial and private traces insurance coverage. 

Kent-based Stewart & Companions, established within the Nineteen Sixties, will develop into a part of the Inexperienced Insurance coverage Group (Greens), Brown & Brown’s retail dealer.  

The acquisition contains the switch of all crew members together with senior management to Greens. 

Shaun Hetherington runs the acquired firm alongside fellow director Neale Huelin. 

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Stewart & Companions will proceed to function from its current workplace in Welling, Kent.  

Brown & Brown has confirmed that each one crucial regulatory approvals for the transaction have been acquired. 

Greens chief government Duncan Coleman stated: “Stewart & Companions is the epitome of a well-run, customer-centric neighborhood dealer. I’ve been impressed by the crew’s dedication to customer support throughout their portfolio, and I’m assured they may make a superb contribution to Brown & Brown sooner or later. 

“I’m eager to assist director Shaun Hetherington and his crew broaden their buyer base in Kent and past, together with in south-east London, and naturally, they may profit from the additional sources and firepower we are able to present.” 

Hetherington stated: “I’ve been a part of Stewart & Companions since 1994, buying and selling as an unbiased dealer and increase a loyal buyer base. The chance to develop into a part of Greens and the broader Brown & Brown crew was too good to overlook, and we’re all very excited in regards to the future. 

“There isn’t any doubt that our clients will profit from the extra capabilities, services we can present as a part of Brown & Brown, and Duncan and his colleagues are vastly supportive of our thrilling future progress plans.” 

In December 2023, Brown & Brown Europe acquired R McGee Insurance coverage Brokers, a household run dealer established in 1974 and based mostly in Maesteg, Glamorgan.  

Like Stewart & Companions, R McGee specialises in private and industrial traces insurance coverage.  

This acquisition got here shortly after Brown & Brown Seller Companies acquired ABS, which incorporates ABS Danger and ABS Operations.  

US-based ABS is a guarantee product administrator with greater than 20 years of expertise within the car aftermarket. 


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