London wholesale and specialist insurance and reinsurance broker, Miller Insurance Services (Miller), has announced the acquisition of independent broker Alston Gaylor and Co (AG), which is majority owned by Nelson Holdings Limited, for an undisclosed fee.
The agreement demonstrates Miller’s commitment to providing high level client service, while broadening the broker’s skill set and continuing its strong growth.
Miller states that the acquisition of AG, an independent London market insurance and reinsurance broker specialising in multiple business lines, bolsters its offering to clients, while at the same time strengthening its position as a leading London wholesale and specialist broking platform.
Greg Collins, Chief Executive Officer (CEO) of Miller, commented: “AG and Miller are aligned in numerous ways, including our client-focussed approach, values, high level of expertise and strategic vision. We are extremely excited to announce this development and look forward to delivering increased value to our clients through the alliance of our experienced teams.”
Managing Director of AG, Robert Alexander, added: “We have been looking for a partner that shares the same culture and the right platform from which we could continue to offer a high quality service to our clients. We were thrilled to find such an opportunity with Miller and look forward to joining Miller’s highly talented team and continuing to grow together.”
Miller states that the transaction remains subject to regulatory approvals.
