Millers’ acquisition by Cinven and GIC will fuel significant growth

01-12-2020

Millers’ acquisition by Cinven and GIC will fuel significant growth

Top executives from reinsurance broker Miller, CEO Greg Collins and executive chairman Ken MacDonald, outlined the reasons behind its recent acquisition by Cinven and GIC, and how this will support its plans for expansion.

Specialist re/insurance broker Miller’s recent acquisition by private equity firm Cinven and Singapore’s sovereign wealth fund GIC will fuel multiple growth opportunities, Miller’s chief executive officer Greg Collins and executive chairman Ken MacDonald told Intelligent Insurer in an exclusive Re/insurance Lounge interview.

Collins predicted expansion, organic growth and possibly mergers and acquisitions (M&A), along with an increased presence in Bermuda.

“This is definitely a growth story,” he said. “We believe there are enormous possibilities across the market for us to grow both organically and inorganically, so we will be targeting acquisitions where we think there is a strong cultural fit and where that builds on our existing specialty platform in the insurance and reinsurance spaces.


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