Greg Collins, chief executive officer, Miller
CEO Greg Collins discusses a hard market, the Aon/WTW merger, and the deep pockets of its owners.
Miller Insurance Services was founded in 1902 and today employs more than 640 people in London, Brussels, Geneva, Ipswich (UK), Paris, and Singapore. It already places $3 billion premium annually, but those numbers could see a sharp increase under new ownership, according to chief executive officer Greg Collins. The company is looking to double in size in the next five years.
Collins sat down with Wyn Jenkins for the latest session of Intelligent Insurer’s Re/insurance Lounge, the online, on-demand platform for weekly interviews and panel discussions with leading players in the market. Together they discussed the company’s plans to recover old strengths, establish new lines and pursue strong organic and inorganic growth.
Funding a future
With Willis Towers Watson (WTW) announcing its merger plans with Aon and starting to look at selling its 85 percent stake in the broker, Miller’s search for new owners began before the COVID-19 pandemic—“what feels like a lifetime ago”, remarked Collins. It stalled as the virus took hold, and as a result, the deal with Cinven and GIC was completed only in March this year. It was worth the wait, however, said the company’s CEO, to find the right partners.
Miller, Mergers & Acquisitions, Growth, Insurance, Reinsurance, Greg Collins, Global