Miller, the London-based unbiased specialist re/insurance coverage dealer, introduced the acquisition of reinsurance capital advisory enterprise 4809 Brokers AG.
Monetary particulars weren’t disclosed.
As its third Continental European acquisition since 2022, Miller mentioned, the transaction varieties a part of its continued worldwide enlargement, whereas additionally bolstering its rising reinsurance capabilities.
Established in 2020 by Marc Hannebert and Benjamin Bourseau, 4809 Brokers provides advisory providers on insurance coverage transactions meant to attain capital reduction, together with different threat switch and legal responsibility aspect funding transactions, in addition to portfolio switch options similar to reinsurance to shut (RITC) transactions.
Its shopper base contains reinsurers, banks, funds and personal fairness companies, and it’s at the moment based mostly in Zug, Switzerland, with the intention to construct out a Zurich hub for placement throughout direct, wholesale and facultative strains.
The transaction follows Miller’s acquisition of Madrid-based business insurance coverage dealer Bruzon Correduría de Seguros y Reaseguros, which was announced in May.
“As Miller continues to develop in each scale and worldwide footprint, we see a possibility to meaningfully increase our reinsurance capabilities and set up a franchise that allows shoppers to learn from our main direct specialist footprint, our dedication to stability, and our partnership method,” Miller CEO James Fingers commented in an announcement.
“The enterprise that Marc and Benjamin have constructed at 4809 Brokers is very complementary to these ambitions, and we’re delighted to be bringing their experience on board as we proceed to increase our presence throughout the UK, Europe and Asia,” Fingers added.
“4809 Brokers is a extremely specialised enterprise constructed upon sturdy relationships with key market contributors and a deep understanding of their wants and challenges,” mentioned Shaun Sinniah, head of Reinsurance and Capital at Miller.
“Their method is aligned to our want to give attention to answer areas underserved by the big incumbents; it’s a pleasure to be working with Marc and Benjamin, whose experience will show invaluable as we proceed to craft options that not solely meet, but in addition anticipate, the evolving calls for and ambitions of shoppers,” Sinniah continued.
“After 4 extremely worthwhile years at 4809 Brokers, we’re delighted to hitch Miller. With their help, we’ll proceed to supply the re/insurance coverage trade with our distinctive proposition of cutting-edge options, located on the intersection of the banking and insurance coverage sectors in addition to our options to help M&A transactions within the sector,” in keeping with Marc Hannebert, managing associate at 4809 Brokers. “We consider that being a part of Miller will foster our growth and allow our shoppers to learn from its long-term stability and sterling popularity as a number one specialist adviser of selection.”
Supply: Miller
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