Miller Insurance Services

What Miller Insurance Services does

Miller Insurance Services LLP is an independent specialist (re)insurance broker operating primarily out of Lloyd's, London and international markets, founded in 1903 and headquartered in London. The firm serves intermediaries, risk managers, business owners, corporates, high-net-worth individuals, and ceding insurance companies requiring complex, large-scale risk transfer solutions. It has built a broad specialty product portfolio spanning Accident & Health, After The Event (ATE), Cargo & Stock Throughput, Credit/Surety & Political Risks, Crime, Cyber, Delegated Authority Solutions, Directors' & Officers', M&A Insurance & Strategic Solutions (MASS), Parametric, People Security Risks, Property & Casualty, Professional Indemnity, Terrorism & Political Violence, and Private Clients insurance, alongside Treaty Reinsurance, Facultative Reinsurance, Captives & Risk Finance Consulting, Mortgage & Credit Risk Solutions, Strategic & Capital Advisory, and Life/Personal Accident & Health Reinsurance.

The firm operates a platform-plus-modules architecture, augmented by proprietary digital tooling including a "leading-edge online portal" for real-time data receipt, exposure analysis by region and catastrophe zone, on-demand performance reporting, and aggregate utilisation dashboards, as well as Miller Parametric Solutions that uses independently verifiable triggers with up to USD150m limits and 30-day claim payouts. Its distribution is wholesale/specialty broker-led, placing business through Lloyd's and international markets, and it increasingly runs delegated authority programmes and tech-enabled follow facilities such as MillerBoost (powered by InsurX) on Lloyd's A+ capacity.

Miller generates revenue through transaction commissions on (re)insurance placements across its global office network spanning the UK, Spain, Switzerland, France, Belgium, Singapore, Japan, Australia, Bermuda, the US, Canada, and the UAE. Reported revenue was £314 million for FY2025, representing 15% YoY growth, supported by an M&A-led expansion programme (AHJ, Bruzon, 4809 Brokers, Shields) and a headcount of 1,300+, up by 180 net hires across North America, the Nordics and Asia. It is partner-owned as an LLP with no identified external investor or parent.

Name

Miller Insurance Services

Legal name

Miller Insurance Services LLP

Website

https://miller-insurance.com

Company type

Private

Founded year

1903

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Miller Insurance Services is an independent London-based specialist (re)insurance broker operating in Lloyd's and international markets, placing complex commercial, specialty, and reinsurance risks for corporates, intermediaries, and cedants across 12+ countries with £314M FY2025 revenue.

Ownership category

akta.pro rank

Product category

Specialist Insurance and Reinsurance Brokerage

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industries

Insurance Due Diligence & Transaction Risk Advisory (M&A, W&I) (FSAEADAM), Buy-Side M&A Advisory (FSAEAGAB), Directors & Officers (D&O) Liability (FSAJADAF), Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

Keywords

• Specialist insurance brokerage
• Reinsurance broking services
• Risk transfer solutions
• Lloyd's market broking
• Commercial insurance placement

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance and Reinsurance Brokerage: Miller operates as a specialist (re)insurance broker, earning commissions on placements. The company reported £314 million in revenue for 2025, representing 15% growth from 2024, driven by acquisition activity and regional expansion.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Miller Insurance Services LLP is a London-based specialist (re)insurance broker placing complex commercial insurance and reinsurance across Lloyd's, London and international markets. Its offerings span wholesale brokerage in lines such as Accident & Health, Cargo, Cyber, D&O, M&A, Parametric, Property & Casualty, Professional Indemnity, Terrorism & Political Violence and Credit/Surety & Political Risks, alongside treaty and facultative reinsurance, delegated authority programme management, captives and risk finance advisory, and private client high-net-worth cover. Revenue is commission-based on placements and reached £314 million in 2025.

Product overview

Miller Insurance Services is a specialist reinsurance brokerage operating as a platform-plus-modules architecture with a comprehensive portfolio of insurance and reinsurance products. Core insurance offerings include Accident & Health, After The Event (ATE), Cargo & Stock Throughput, Credit/Surety & Political Risks, Crime, Cyber, Delegated Authority Solutions, D&O, M&A Insurance and Strategic Solutions (MASS), Parametric Insurance, People Security Risks, Property & Casualty, Professional Indemnity, and Terrorism & Political Violence insurance. Reinsurance services encompass Treaty Reinsurance (regional offerings across Asia, Bermuda, Caribbean, Europe, MENA, UK, US & Canada), Facultative Reinsurance, Captives & Risk Finance Consulting, Mortgage & Credit Risk Solutions, Strategic & Capital Advisory, and Life/Personal Accident & Health Reinsurance. The company also serves Private Clients with high net worth insurance. Acquired brands include Bruzon Miller (Spanish broker) and AHJ (Nordic, Caribbean and North American market access). The firm operates across Lloyd's, London and international markets from offices in London, Bermuda, Paris, Brussels, Singapore, Tokyo, and other global hubs.

Differentiator

Problem solved

Functional benefit

Products and services

• Accident & Health Insurance Wholesale accident and health insurance brokerage for corporate clients, NGOs/IGOs and MGAs/Coverholders covering personal accident, business travel, group life, medical and special risk needs.
• After The Event (ATE) Insurance Litigation insurance providing protection against financial exposure of paying an opponent's legal costs if the insured is unsuccessful. Coverage ranges from GBP250k up to GBP25m or more.
• Cargo & Stock Throughput Insurance Insurance covering goods and inventory against physical loss or damage throughout the supply chain, in transit and storage, including project cargo, standalone stock and trade disruption.
• Credit, Surety & Political Risks Insurance Protection against credit, surety and political risks for commodity traders, exporters, financial institutions and investors, delivered through offices in London, Paris, Geneva, Tokyo and Singapore.
• Crime Insurance Protects companies against theft, fraud and dishonesty committed internally or externally, including computer crimes, counterfeits and monetary theft.
• Cyber Insurance Comprehensive cyber insurance covering first and third-party losses including incident response, business interruption, cyber extortion, digital asset loss, regulatory fines and reputation damage.
• Delegated Authority Solutions Partnership programme with MGAs, coverholders and brokers for designing, delivering and managing insurance programmes across risk classes, supported by Miller's online portal for real-time data, exposure analysis and contract documentation.
• Directors' & Officers' (D&O) Insurance Protection against costs of litigation and damages from actions against directors and officers, covering mismanagement claims, civil actions, regulatory investigations and extradition defence costs.
• M&A Insurance and Strategic Solutions (MASS) Specialist M&A insurance brokerage including warranty and indemnity (W&I), tax, contingent risk, title and real estate, environmental, IP and loan portfolio sales insurance.
• People Security Risks Insurance (Including Kidnap & Ransom) Security risk insurance covering kidnap and ransom plus related perils such as blackmail, express kidnap, extortion, hostage crisis, political evacuation and wrongful detention.
• Parametric Insurance Innovative parametric insurance solutions using independently verifiable triggers with swift, data-driven payouts covering natural catastrophes, weather events, pandemic and price volatility, with limits up to USD150m per risk and 30-day claim payouts.
• Property & Casualty Insurance Property and casualty insurance protecting businesses against physical damage, operational disruption and liability exposures, delivered by a 140+ specialist team across London, Bermuda, Paris, Brussels, Singapore and Japan.
• Professional Indemnity Insurance Professional indemnity insurance protecting businesses against legal costs from alleged or actual acts, omissions or breach of professional duty, delivered by a 30+ specialist team across construction, accountants, legal, technology and sports sectors.
• Terrorism & Political Violence Insurance Coverage for terrorism, political violence, active shooter/assailant, insurrection, nuclear/chemical/biological/radioactive weapons, sabotage, strikes, riots, civil commotion and war on land.
• Private Clients Insurance Specialist private client and high-net-worth insurance brokerage for high value homes, vehicles and valuables, including an online quote tool for household and contents cover.
• Treaty Reinsurance Treaty reinsurance services delivered to ceding companies across Asia, Bermuda, Caribbean, Europe, MENA, UK and US & Canada markets.
• Facultative Reinsurance Global facultative reinsurance covering both facultative reinsurance protection and portfolio protection placements across diverse industries.
• Captives & Risk Finance Consulting Advisory services for captives and risk finance solutions delivered under Miller's reinsurance practice.
• Strategic & Capital Advisory Strategic and capital advisory services within Miller's reinsurance practice.
• Mortgage & Credit Risk Solutions Specialised reinsurance solutions for mortgage and credit risk under Miller's reinsurance practice.
• Life, Personal Accident & Health Reinsurance Reinsurance solutions for life, personal accident and health lines within Miller's reinsurance practice.

Quantifiable outcome

• 15% revenue growth to £314M in 2025
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Three partnerships are on record, tiered strategic and core.

• SPG CanadastrategicTechnology or Integration · 16 September 2025Partnership for parametric earthquake solution in partnership with NormanMax Syndicate 3939, providing innovative parametric insurance coverage for earthquake risks
• NormanMax Syndicate 3939strategicTechnology or Integration · 16 September 2025Partnership for parametric earthquake solution with SPG Canada, providing parametric earthquake coverage leveraging Lloyd's capacity
• CyberCubecoreTechnology or IntegrationTechnology partnership providing cyber risk analytics platform to help clients understand threats, potential losses, and benchmark limits against similar-sized firms in their sector

Scale indicators7 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• BMS Group: Independent London-headquartered specialist (re)insurance broker with similar specialty lines, Lloyd's market access, and private-equity-backed growth orientation that makes it a close structural comparator.
• Acrisure: Rapidly acquisitive global insurance brokerage that has used M&A to build specialty scale, mirroring Miller's inorganic growth strategy across multiple international markets.
• Howden Group: London-headquartered specialist insurance and reinsurance broker with comparable Lloyd's market presence, multi-line specialty focus, and a similar privately-held, acquisition-driven growth model.
• Lockton: Largest privately-held independent insurance broker in the world, sharing Miller's partnership-style ownership and specialization in complex commercial risks across similar specialty lines.
• Guy Carpenter: Global reinsurance specialist broker and direct competitor in treaty and facultative reinsurance, particularly relevant given recent talent moves between Miller's parametric reinsurance team and Guy Carpenter's emerging risk practice.
• BGC Group (BGC Insurance): Global brokerage firm with insurance and reinsurance operations in the London market, competing with Miller for specialty and treaty placements with similar wholesale-broker positioning.

Broad incumbents

• Aon plc: Global professional services firm with a large London specialty and reinsurance brokerage operation competing with Miller for complex placements, but operating at significantly greater scale across the full risk value chain.
• Willis Towers Watson (WTW): Global advisory and brokerage firm with a London specialty and reinsurance platform that competes with Miller across many of the same specialty lines and is one of Miller's primary multinational competitors.
• Arthur J. Gallagher & Co. US-listed global insurance brokerage and risk management firm with growing specialty and London operations that overlap with Miller's product portfolio, particularly in casualty and reinsurance.
• Marsh Specialty (Marsh McLennan): Global specialty broker operating in the London market, providing direct competition for Miller in D&O, cyber, cargo, construction, and other specialty lines, but as part of a broader portfolio including retail brokerage and consulting.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/MillerLLP
• Facebookfacebook.com/millerllp
• LinkedInlinkedin.com/company/miller-insurance-services-llp
• Instagraminstagram.com/millerllp

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Miller Insurance Services