AI and Insurance: Is Brown & Brown (BRO) Facing Extinction or Evolution?

AI and Insurance: Is Brown & Brown (BRO) Facing Extinction or Evolution? Soumya Eswaran Tue, August 25, 2026 at 11:44 AM EDT 3 min read BRO Orbis Investment Management , an investment management company, released its Q2 2026 investor letter for "Orbis Global Equity Strategy". The letter can be downloaded here . In the first half of 2026, the Global Equity Strategy returned 19.9%, surpassing the MSCI All Country World Index by 7.8%. The market faced narrow breadth in the quarter. The strategy focuses on AI investments categorized into four groups: "Core" (direct exposure), "Enablers" (supporting businesses), "AI Powered" (companies enhanced by AI), and "Overlooked" (misjudged resilient companies). The firm emphasizes maintaining strong but flexible convictions in a fluctuating market, prioritizing disciplined, evidence-based investment over emotional decision-making. Also, check the fund's top five holdings to see its best picks in 2026. In its Q2 2026 investor letter, Orbis Global Equity Strategy highlighted Brown & Brown, Inc. (NYSE: BRO ). Brown & Brown, Inc. (NYSE:BRO) is a leading insurance brokerage firm operating through Retail and Specialty Distribution segments. On August 24, 2026, Brown & Brown, Inc. (NYSE:BRO) closed at $74.62 per share, reflecting a market capitalization of $24.97 billion. Brown & Brown, Inc. (NYSE:BRO) posted a one‑month return of 1.32%, while its shares lost 22.31% over the past 52 weeks. Orbis Global Equity Strategy stated th…