Reinsurance News

Miller posts over £200m in 2022 revenues

13th April 2023 - Author: Akankshita Mukhopadhyay

Specialist re/insurance broker Miller said it posted over £200 million in revenues in 2022, led by strong organic growth and the acquisition of two “high quality” businesses.

MillerMiller said it saw organic growth in the mid-teens delivered in 2022, with strong performance across all classes.

Acquisitions of Henner Sports in France (now Miller Sports & Entertainment, Paris) and Japanese Broker Lead Insurance Services led to the positive performance of the company, the specialist re/insurance broker explained.

“This is our first full year after regaining our full independence and I am pleased that we are already demonstrating our ability to deliver accelerated growth with revenues increasing by nearly 30% since the end of 2020. In 2023 we plan to deliver more of the same, but at an even greater pace,” CEO James Hands commented.

Over 200 brokers have joined Miller since the business returned to independence in March 2021, the company said.

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In total, 130 new employees joined Miller in 2022 across its eight offices in the UK, Europe and Asia. Twelve new teams were launched in 2022 to deliver new product lines, including North America Wholesale, Delegated Authorities, Construction, Bloodstock & Livestock, Farms & Estates, Media & Entertainment, and Renewables, the specialist re/insurance broker noted.

“In the coming year, we will look to capitalize on our strong foundations. Our vision is for Miller to be the specialty partner of choice and at the beginning of 2023 we announced the strategic re-alignment of our business into two divisions, Miller UK and Miller International, to better support our expansion across the UK, Europe and Asia,” Hands said. “2023 promises to be an exciting year.”

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