A Local Success Story: Pardus Underwriting’s Decade of Growth
From Local Roots to Industry Recognition
Pardus Underwriting, a leading insurance specialist based in Cranbrook, Kent, has become a well-respected name in the insurance industry since its founding in 2013. Established by Keith Thompson and Darren Stockman, this Managing General Agent (MGA) focuses on providing tailored property owners and commercial combined insurance products. For those unfamiliar, an MGA is a specialised kind of insurance company that operates with delegated authority to underwrite policies on behalf of insurers, allowing them to serve niche markets more efficiently.
The Visionary Founders
Keith Thompson and Darren Stockman launched Pardus with a clear goal: build a strong Kent-based company delivering specialised insurance solutions with exceptional service. Their leadership and commitment have been essential to the company’s growth and reputation. Reflecting on the recent acquisition, Keith Thompson shared, “This marks an exciting new chapter for Pardus. We are proud of what we have achieved locally and look forward to growing even further with Brown and Brown Europe.” Darren Stockman added, “Our team’s expertise and dedication remain central to our success, and we are excited to continue delivering outstanding service under the new ownership.”
The Strategic Acquisition: Brown and Brown Europe’s Investment in Kent
Why Pardus Caught Their Eye
Brown and Brown Europe, a major player in the international insurance market, has acquired Pardus Underwriting to strengthen its portfolio in specialist commercial insurance. Clive Nathan, CEO of Underwriting at Brown and Brown Europe, explained the decision: “Pardus’s focus on commercial combined insurance and bespoke property owners products fits well with our strategy of partnering with experienced, niche teams that show strong growth potential. Their organic growth and deep market knowledge made this acquisition a valuable opportunity.” This acquisition is part of Brown and Brown’s approach to expand by partnering with firms that bring unique expertise and innovative offerings.
Who is Brown and Brown Europe?
Brown and Brown Europe is a division of Brown & Brown, Inc., a global insurance broker and risk management services provider operating across multiple countries. With a broad network and extensive resources, Brown and Brown Europe supports a wide range of industries by offering specialist insurance products and services. This acquisition is a significant investment in Kent, showcasing the region’s appeal to major international businesses.
Positive Outlook: What This Means for Kent’s Economy and Workforce
Securing Local Jobs and Future Investment
One of the most important aspects of this acquisition is the commitment to retain the entire Pardus team and maintain operations in Cranbrook and London. Brown and Brown Europe has confirmed that all current employees will continue in their roles, ensuring job security in the local area. Furthermore, the deal signals new investment in Kent’s economy, reinforcing the county as a thriving hub for insurance and financial services.
Boosting Kent’s Business Reputation
The purchase of Pardus by a global firm reflects well on Kent’s business environment and the talent available in the area. It highlights the strengths of local entrepreneurs and the quality of specialist companies operating in the region. This milestone contributes to Kent’s growing reputation as a desirable place to launch and grow successful businesses.
Looking Ahead: Leadership’s Vision for Continued Growth
Founders Remain at the Helm
Keith Thompson and Darren Stockman will stay actively involved with Pardus post-acquisition. Their ongoing leadership will help maintain the company’s local roots and ensure a smooth continuation of service for clients and brokers. This continuity offers reassurance to the team and customers alike.
Accelerated Growth and Service
With access to the wider resources and expertise of Brown and Brown Europe, Pardus is positioned to accelerate growth while continuing to deliver specialised insurance solutions. The combined vision focuses on expanding the reach and enhancing the service provided to brokers and customers, all while preserving the tailored approach that Pardus is known for.
Conclusion
The acquisition of Pardus Underwriting by Brown and Brown Europe is a notable success story for Kent. It celebrates the achievements of local founders, secures jobs, attracts investment, and strengthens the county’s reputation as an emerging business centre. This deal not only benefits the companies involved but also sends a positive message to the Kent community about the opportunities for growth and prosperity in the region’s business landscape.
