Miller, the London-based specialist re/insurance coverage dealer, introduced its additional enlargement into Asia with the launch of Miller Korea, led by David Kim as head of Korea.
Miller Korea will concentrate on delivering world specialty experience within the Korean market by way of a devoted crew of specialist insurance coverage and reinsurance brokers.
Kim brings each a wealth of trade expertise and local-market data of Korea. Over the previous 25 years, he has served in a variety of management positions throughout the insurance coverage sector, together with as CEO of Marsh Korea, having additionally established Johnson and Higgins Korea which was subsequently acquired by Marsh. Previous to this, he labored for 10 years within the funding trade, together with at Morgan Stanley in Japan.
Kim can be joined by quite a lot of hires, together with key executives Andrew Kim, Youngkum Yoon and Tae Hoon Kim.
- Andrew Kim brings over 25 years’ expertise within the Korean insurance coverage market with corporations together with Hanwha Normal Insurance coverage, Chubb, Marsh and Lockton, and was most just lately CEO for Korea at AmTrust.
- Youngkum Yoon, Head of Finance and Operations, brings over 23 years’ expertise within the finance and operations space, most just lately with Assurant Korea, the place she served as finance director.
- Tae Hoon Kim joins from Aon Korea, the place he labored as a director centered on massive P&C Korean purchasers within the power, property and casualty sectors.
The launch of Miller Korea in Seoul marks one other vital step in Miller’s enlargement throughout Asia, together with its acquisition of Japanese dealer Lead Insurance coverage Companies in 2022, and the current rent of Tokinori Kono and Satoshi Watanabe to construct out an expanded set of product capabilities for Miller in Japan.
The launch additionally underscores Miller’s broader worldwide progress ambitions, having introduced the acquisition of Madrid-based industrial insurance coverage and reinsurance broker Bruzon and Swiss reinsurance capital advisory agency 4809 Brokers in 2024, Miller stated.
“At this time’s announcement additional demonstrates Miller’s dedication to the Asian market, which stays a cornerstone of our formidable worldwide progress aims,” commented Ron Whyte, head of Asia at Miller. “David is very revered and well-known within the Korean insurance coverage market, and I can consider no-one higher certified to guide Miller’s push into the area as we proceed to increase the scope and attain of our market-leading specialist capabilities.”
“Having labored in Korea for over 20 years, I do know there’s a large alternative and I’m trying ahead to working with the crew to develop our presence within the area,” stated David Kim, head of Korea at Miller.
Miller is an unbiased specialist re/insurance coverage broking agency with greater than 1000 folks throughout its UK and worldwide operations. It’s majority owned by GIC, a number one world funding agency, established in 1981 to safe Singapore’s monetary future.
Supply: Miller
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