Brown and Brown confirms resignation of Kentro boss after acquisition

Brown and Brown has confirmed that Colin Thompson has stepped down from his role as chief executive of Kentro Capital.

Kentro, a London-based insurance group that invests in managing general agents (MGAs) and brokers, was acquired by Brown and Brown in 2023.

Now that the deal has been complete and the group has been integrated into Brown and Brown Europe, Thompson has decided to resign.

“Colin Thompson has stepped down from his CEO role at Kentro following its successful integration into Brown and Brown Europe,” a spokesperson told Insurance Times.

“Brown and Brown expressed thanks to Colin Thompson for his contributions to the business and wished him well for the future.”

Succession

Kentro manages more than £500m of gross written premium and has 350 insurance professionals operating from offices in the UK, US, Europe, Asia and Dubai.

Its companies include Nexus, Xenia, Millstream, Capstone Brokers and Spectrum Risk Management.

With Thompson stepping down, Stuart Rouse, Kentro’s chief financial officer, will step into the role of group chief executive with immediate effect.

He will report to Mike Bruce, chief executive of Brown and Brown Europe.