Miller, the London-based specialist re/insurance coverage dealer, introduced it has agreed to accumulate AHJ Holdings Ltd., the final word father or mother firm of Alwen Hough Johnson Ltd. and AHJ Europe AS.
The acquisition is anticipated to shut in Q2 2025, topic to regular approvals. Monetary particulars of the transaction weren’t disclosed.
Based in 1973, London-based AHJ is a extremely regarded specialist reinsurance dealer, with 90 staff throughout London and Scandinavia. AHJ has a concentrate on reinsurance throughout property/casualty and marine & vitality and in addition locations enterprise in plenty of area of interest insurance coverage strains.
The acquisition of AHJ will probably be extremely complementary to Miller’s reinsurance technique, which has seen it purchase capital advisory enterprise 4809 Brokers and main Spanish re/insurance coverage dealer Bruzon in 2024.
Along with offering fast scale and functionality in treaty reinsurance, it should give Miller entry to AHJ’s sturdy positioning in Nordic, Caribbean and North American Treaty enterprise.
“The acquisition of AHJ is our most important funding since returning to independence in 2021 and a significant milestone for Miller, considerably accelerating our reinsurance technique,” commented James Palms, CEO of Miller, in a press release.
“Alongside sharing our dedication to specialism, AHJ is a wonderful cultural match and, like us, their success has been constructed on a client-first philosophy and need to develop long-term relationships,” Palms added.
“AHJ will give us a longtime reinsurance platform from which to drive additional development, together with significant hiring plans as we search to draw expertise that wishes to be a part of an impartial specialist,” he stated.
“All at AHJ are pleased with the enterprise that has been constructed over the previous 52 years. In Miller we imagine that now we have recognized the perfect companion, one who will allow us to take care of that which has made AHJ distinct, whereas presenting us with new alternatives,” in response to Gary Masters, CEO of AHJ.
“We’re excited to have the ability to convey new providers to our shopper base, particularly Miller’s facultative and capital advisory capabilities, along with the benefit supplied by Miller’s market main place throughout many specialty insurance coverage strains all through the London and worldwide markets,” Masters stated.
“The acquisition of AHJ builds on our present functionality in treaty reinsurance, representing a step change in our market footprint and considerably transferring ahead our technique,” stated Shaun Sinniah, head of Reinsurance and Capital, Miller.
Miller was suggested by Macquarie Capital, Herbert Smith Freehills and PWC and AHJ was suggested by Grant Thornton and Stephenson Harwood.
Supply: Miller
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Mergers & Acquisitions
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