Miller Insurance Expands Global Reinsurance Operations in 2025

Miller Insurance Services LLP has strategically expanded its international reinsurance operations through acquisitions and regional hiring throughout 2025 and into early 2026. This growth initiative boosted annual revenue to £314 million ($424 million), with future plans featuring the acquisition of Shields Reinsurance Brokers. This expansion underscores Miller’s intent to solidify its position in the reinsurance market.

The company reported a 15% revenue increase for the year ending December 31, 2025, compared to 2024, with gross written premium placements amounting to approximately £3.7 billion. Notable acquisitions in 2025 included the purchase of AHJ, enhancing Miller’s treaty reinsurance capabilities and access to the Nordic, Caribbean, and North American markets. Miller's acquisition of the Spanish broker Bruzon in 2024 also successfully integrated into its brand.

In 2026, Miller plans to acquire Shields Reinsurance Brokers, a Dubai-based firm specializing in facultative and treaty reinsurance within specialty classes, subject to regulatory approval. The acquisition, expected to close in the second quarter of 2026, aims to enhance Miller’s service capabilities in the Middle East and North Africa, operating under the regulation of the Dubai Financial Services Authority. James Hands, CEO, highlighted the significance of these initiatives, noting that 2025 marked another milestone year featuring five consecutive years of profitable growth.

Miller has made strategic appointments to bolster its reinsurance division, positioning leadership roles to enhance market presence. Paul Jenkins will focus on North American property, Andreas Ehrencrona will oversee Nordic facultative reinsurance, and Sailesh Divakaram will lead treaty Asia operations from Singapore. The firm also increased its workforce by hiring 180 new employees in 2025, representing a commitment to value-driven growth beyond sheer expansion, complemented by the introduction of MillerBoost and a refreshed brand identity.