Miller continues European expansion with major reinsurance acquisition
Miller continues European expansion with major reinsurance acquisition | Insurance Business Canada
Reinsurance
Miller continues European expansion with major reinsurance acquisition
The Zub-based firm is making plans to further expand in Zurich as well
Reinsurance
By
Kenneth Araullo
Miller has announced the acquisition of 4809 Brokers AG, a reinsurance capital advisory firm, marking the re/insurance brokerage’s third acquisition in Continental Europe since 2022 and aligning with its strategy of expanding internationally and enhancing its reinsurance capabilities.
Founded in 2020 by Marc Hannebert (pictured above, left) and Benjamin Bourseau (pictured above, right), 4809 Brokers provides advisory services on insurance transactions aimed at achieving capital relief. These services include alternative risk transfer, liability side investment transactions, and portfolio transfer solutions, such as reinsurance to close (RITC) transactions.
The firm serves a client base that includes reinsurers, banks, funds, and private equity firms. Currently based in Zug, Switzerland, 4809 Brokers plans to establish a hub in Zurich for placement across direct, wholesale, and facultative lines.
Miller said that the acquisition supports its reinsurance strategy, focusing on growth in the value-add and advisory sectors of the market. It follows Miller’s acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros in May.
James Hands, CEO at Miller, said that the acquisition aligns with Miller’s growth strategy and enhances its reinsurance capabilities
“The business that Marc and Benjamin have built at 4809 Brokers is highly complementary to those ambitions, and we’re delighted to be bringing their expertise on board as we continue to expand our presence across the UK, Europe and Asia,” Hands said.
Shaun Sinniah, head of reinsurance and capital at Miller, added that 4809 Brokers has strong relationships with key market participants and a deep understanding of their needs. He emphasized that the firm’s approach aligns with Miller’s focus on underserved solution areas.
Hannebert, managing partner at 4809 Brokers, expressed optimism about joining Miller, highlighting the benefits of Miller’s long-term stability and reputation.
“With their support, we will continue to provide the re/insurance 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 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,” Hannebert said.
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