Miller, a specialist in reinsurance brokerage, has announced the acquisition of the Swiss reinsurance capital advisory company 4809 Brokers.
The financial terms of the transaction were not disclosed.
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This marks Miller’s third continental European acquisition since 2022 and is a strategic move to bolster its international presence and enhance its reinsurance services.
Set up by Marc Hannebert and Benjamin Bourseau in 2020, 4809 Brokers specialises in advisory services for insurance transactions aimed at capital relief.
The company’s expertise includes alternative risk transfer, liability side investment transactions and reinsurance to close (RITC) solutions.
With a diverse client base comprising reinsurers, banks, funds and private equity companies, 4809 Brokers is located in Zug, Switzerland, and is planning to expand its operations by establishing a Zurich hub.
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By GlobalDataThe acquisition aligns with Miller’s growth-focused reinsurance strategy, which targets value-add and advisory segments of the market.
Miller CEO James Hands said: “As Miller continues to grow in both scale and international footprint, we see an opportunity to meaningfully expand our reinsurance capabilities and establish a franchise that enables clients to benefit from our leading direct specialist footprint, our commitment to stability and our partnership approach.
“The business that Marc and Benjamin have built at 4809 Brokers is highly complementary to those ambitions, and we are delighted to be bringing their expertise on board as we continue to expand our presence across the UK, Europe and Asia.”
4809 Brokers managing partner Marc Hannebert said: “After four highly profitable years at 4809 Brokers, we are delighted to join Miller. With their support, we will continue to provide the reinsurance industry with our unique proposition of cutting-edge solutions, situated at the intersection of the banking and insurance sectors as well as our solutions to support M&A [mergers and acquisitions] transactions in the sector.
“We believe that being part of Miller will foster our development and enable our clients to benefit from its long-term stability and sterling reputation as a leading specialist advisor of choice.”
This move follows Miller’s recent acquisition of Bruzon, a Madrid-based commercial insurance broker, which was announced in May.
Bruzon, founded in 1990, is known for structuring and placing direct and reinsurance risks, and serves a broad client base including members of the IBEX 35.
Bruzon offers a range of insurance solutions, with particular strengths in accident and health, credit, facultative reinsurance, financial lines, sports and surety insurance.
In March, Miller further expanded its product offerings by launching a dedicated global team to enter the parametric insurance market.
