GIC finishes acquisition of majority share in Miller

GIC bought the entire share of Cinven in Miller.

Miller, an independent specialist (re)insurance broker, announced the completion of GIC's acquisition of Cinven’s shares in the company.

GIC and Cinven initially invested in Miller in 2021. Over the years, Miller has experienced substantial growth through organic expansion and strategic international mergers and acquisitions.

ALSO READ: International revenues soar 44% for Miller, Asia expansion notable

Recently, Miller disclosed its 2023 results, revealing a remarkable 26% increase in total revenues to £240m and placing a gross written premium of approximately $4b.

With this transaction, GIC becomes Miller’s majority shareholder. Miller now holds a workforce of over 900 professionals spread across offices in the UK, Europe, Bermuda, and Asia.

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