Independent specialist re/insurance broker, Miller, has announced the acquisition of Tokyo-based Lead Insurance Services Limited (Lead).
According to the announcement, this acquisition cements a longstanding relationship between the two businesses.
The Japanese broker specialises in Hull, War Risks and Protection & Indemnity insurance, which, according to Miller, offers a highly complementary service to their current marine capabilities.
Toru Suzuki, President, Lead, said: “We are delighted to be joining Miller and taking this next step in our relationship.
“In Miller, we have found a partner that can help us achieve our ambitions while sharing our belief in the importance of providing excellent service, allowing our clients to continue receiving the same high-quality advice we are known for as we continue to grow.”
Founded in 1994, Lead has a strong client base and has been working alongside Miller for a quarter of a century.
Greg Collins, CEO at Miller, commented: “This acquisition is a natural next step in our relationship and will enable us to build on Miller’s existing strength in the marine space – a key class for us. Our longstanding partnership means we already know Lead extremely well and we are pleased to have such an experienced team join Miller.
“In particular, their deep relationships with the Japanese shipowning community has created a robust niche and, combined with their consistent growth and reputation for excellent client service, the acquisition is a great fit for our own culture and ambitions.
“We look forward to continuing to grow our presence in Japan with Lead and our other trusted partners in the market.”
