Miller Insurance broadens its scope
Miller Insurance Services, a leading player in the insurance industry, is focusing on international expansion, particularly in reinsurance and specialty lines, as part of its strategic growth plan. The company has been actively expanding its presence in Bermuda and Asia, bolstering its team with key appointments and new hires [1][2][4].
In the Asia-Pacific (APAC) region, Miller has made several strategic hires to strengthen its team. Notable appointments include Frédérique Champvillard to support strategic expansion in Asia, Siva Krishnan to lead the sports and entertainment offering, and Edward Cheak as head of credit and political risk in Singapore. Additionally, Mandy Ng, Mandy Phan, Tokinori Kono, and Kazuhiko Shinkai have joined the non-marine Japan market team [2].
To enhance its offering in open market products across Europe, Miller has established a dedicated European team for Delegated Authorities, led by Laurie Gaitskell [4].
Organic growth of 12% for the year suggests positive momentum in client acquisition and retention, though specific details about the transfer of large accounts or portfolios are not publicly disclosed [1][4]. Key executives, including Zeleny (Global Head), Holmes, Froideval, and Cheak, are leading London, Europe, and Asia units, respectively, focusing on building properties such as treaty, retro, and ILS capabilities [1].
One of Miller's most significant acquisitions since returning to independence was the acquisition of AHJ Holdings Ltd, the parent company of Alwen Hough Johnson Limited and AHJ Europe AS, finalized in June 2025 after regulatory approval. This move significantly strengthens Miller’s reinsurance and broking capabilities [1][4]. The acquisition is expected to enhance Miller’s offerings in property treaty, retro, and insurance-linked securities (ILS), broadening its reach and expertise in cross-border, high hazard risks [1][4].
In 2024, Miller reported revenues of £271 million, marking a 13% year-on-year increase, largely attributable to organic growth and recent strategic initiatives [4].
In a separate development, Giles Insurance Brokers plans to integrate the remaining Miller UK team in Beckenham into their business in the south, both from a trading and operational perspective. The servicing of larger corporate risk accounts will be moved to London, providing access to a wider range of specialist services, major insurance markets, and a better coordinated service [5]. Global Risks accounts will transfer to London, while the motor fleet business and team will be transferred to another Lloyd's broker [5].
Jon Warwick has joined Miller Insurance Services as director - corporate risks UK and Europe. Warwick will be responsible for the provision of centralized relationship management and ensuring a quality and consistent service is delivered to corporate clients [5]. Warwick will work closely with Miller's specialist product and service areas to target large and complex risk managed businesses [5].
Graham Clarke, chief executive of Miller, states that the main objective of the developments is to deliver ongoing and exceptional service to clients [5]. The Miller UK team's specialisms and expertise are expected to play a significant role in the success of Giles' southern regional business going forward [5].
Giles Insurance Brokers has agreed to purchase the remaining retail business of Miller Insurance Services (UK) [6]. Some major corporate accounts currently handled by Miller Insurance Services (UK) Limited will be integrated into Miller Insurance Services Limited [6]. Miller Insurance Services is focusing on providing specialist services to large and complex risk managed corporate entities based in the UK and Europe [6].
Both Miller UK and Giles Insurance Brokers share similar cultures and visions, making the integration a strategic move for both parties [6]. The purchase of the remaining retail business of Miller Insurance Services (UK) is expected to take place early in the New Year [6].
References: [1] https://www.insurancetimes.co.uk/news/broking/miller-insurance-services-acquires-ahj-holdings-ltd-4708510 [2] https://www.insurancetimes.co.uk/news/broking/miller-insurance-services-expands-its-asia-pacific-team-4697570 [3] https://www.insurancetimes.co.uk/news/claims/condon-claims-management-acquires-marine-claims-associates-4706270 [4] https://www.insurancetimes.co.uk/news/broking/miller-insurance-services-reports-13-year-on-year-growth-4707500 [5] https://www.postonline.co.uk/insurance/2022-05-12/giles-insurance-brokers-to-acquire-remaining-miller-uk-business [6] https://www.insurancetimes.co.uk/news/broking/giles-insurance-brokers-to-acquire-remaining-miller-uk-business-4708550
Trade finance is a potential area for Miller Insurance Services as they expand their business operations, particularly in Asia. Leveraging their recent strategic hires with expertise in credit and political risk could strengthen Miller's services in this sector.
With their focus on providing specialist services to large and complex corporate entities, Miller's future offerings may extend to trade finance, supporting clients in navigating risks associated with cross-border transactions.
