On July 29, 2024, Aquiline Capital Partners LP ("Aquiline") agreed to sell Quintes Holding B.V. ("Quintes"), a major independent insurance broker in the Netherlands, to Brown & Brown, Inc., a leading insurance brokerage firm. The transaction is anticipated to close in Q4 2024, subject to customary closing conditions and regulatory approvals.

Quintes, founded in 2012 by Gijsbert van de Nieuwegiessen, expanded significantly under Aquiline's ownership since 2020. The company established a nationwide presence through a network of regional hubs, completed over 80 acquisitions, and expanded into pensions and health services. Quintes now serves approximately 200,000 SME and retail customers in the Netherlands through its broking, Managing General Agent (MGA), and pensions divisions.

Both Aquiline and Brown & Brown have operations in Canada. Brown & Brown expanded into Canada through acquisitions, including Special Risk Insurance Managers and Highcourt Partners Limited. These acquisitions have allowed Brown & Brown to establish a significant footprint in the Canadian insurance market. Aquiline Capital Partners also has investments and operational presence in Canada, indicating their active involvement in the Canadian market.

Igno van Waesberghe, Managing Partner at Aquiline, praised the partnership's success and expressed confidence in Brown & Brown's future stewardship. Gijsbert van de Nieuwegiessen, Founder and CEO of Quintes, highlighted Aquiline's critical role in their growth and anticipated further expansion with Brown & Brown.

Aquiline was advised by Evercore (financial adviser), De Brauw Blackstone Westbroek (legal adviser), Oliver Wyman (commercial diligence), KPMG (financial and operational diligence), and Deloitte (structuring). Loyens & Loeff advised Brown & Brown.