Miller, the unbiased and personal fairness funded broking group, has introduced the acquisition of a European capital advisory centered broking enterprise that has operated on the intersection of reinsurance and capital markets, with Marc Hannebert’s 4809 Brokers AG now its third continental European buy.
Hannebert, previously CEO and a Board member at reinsurance agency Barents Re, launched 4809 Brokers AG along with his enterprise associate Benjamin Bourseau in 2020.
The corporate has supplied a broad vary of reinsurance associated capital advisory companies, together with a deal with different danger switch, securitized danger switch to the capital markets and ILS funds, legacy transactions similar to reinsurance to shut, and capital aid preparations.
The 4809 Brokers AG shopper base at present contains reinsurers, banks, funds and personal fairness companies.
Based mostly in Zug, Switzerland, the intention is to construct out a Zurich hub for placement throughout direct, wholesale and facultative traces of reinsurance.
Miller mentioned the acquisition is aligned with its reinsurance development technique, centered on the value-add and advisory components of the market.
James Palms, CEO at Miller, commented, “As Miller continues to develop in each scale and worldwide footprint, we see a chance to meaningfully increase our reinsurance capabilities and set up a franchise that allows purchasers to profit from our main direct specialist footprint, our dedication to stability, and our partnership strategy. 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.”
Shaun Sinniah, Head of Reinsurance and Capital at Miller, added, “4809 Brokers is a extremely specialised enterprise constructed upon sturdy relationships with key market individuals and a deep understanding of their wants and challenges. Their strategy is aligned to our want to deal with resolution areas underserved by the massive 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 additionally anticipate, the evolving calls for and ambitions of purchasers.”
Marc Hannebert, Managing Accomplice at 4809 Brokers, said, “After 4 extremely worthwhile years at 4809 Brokers, we’re delighted to affix Miller. With their assist, we are going to proceed to offer the re/insurance coverage business 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 assist M&A transactions within the sector. We imagine that being a part of Miller will foster our improvement and allow our purchasers to profit from its long-term stability and sterling status as a number one specialist advisor of selection.”
Benjamin Bourseau, Managing Accomplice at 4809 Brokers, additionally mentioned, “With its clear deal with execution, its dedication to service excellence and its deep understanding of shopper points, Miller is a superb match for our enterprise. Their specialist strategy aligns completely with our personal modern providing and we’re proud and thrilled to be becoming a member of James, Shaun and the remainder of the Miller group at this thrilling time of development.”
