Miller completes acquisition of specialist reinsurance broking group AHJ

Specialist re/insurance broking group Miller has completed its acquisition of AHJ Holdings Ltd (AHJ), the ultimate parent company of Alwen Hough Johnson Limited and AHJ Europe AS.

The transaction closed on June 2, following the receipt of all necessary regulatory approvals, as intended in the initial announcement made in February.

Founded in 1973, AHJ is a specialist reinsurance broking group across Property, Casualty, Marine, Energy and also places business in several niche insurance lines.

According to Miller, the acquisition provides it with significant scale and capability in treaty reinsurance as well as access to AHJ’s strong positioning in Nordic, Caribbean and North American Treaty business.

The transaction will also reportedly create a strengthened client offering with deeper expertise and market relationships, allowing the delivery of a more comprehensive and differentiated range of reinsurance solutions.

Miller’s reinsurance growth strategy in recent years has seen it acquire capital advisory business 4809 Brokers and Spanish re/insurance broker Bruzon.

The Miller and AHJ reinsurance teams will operate under the trade name of AHJ Miller and be jointly led by Gary Masters and Shaun Sinniah.

James Hands, Group CEO, Miller, commented, “The acquisition of AHJ significantly accelerates our reinsurance strategy. The dedicated expertise which AHJ brings strongly complements our leading specialty offering and will allow us to bring our combined capabilities to a greater number of clients. It is with great enthusiasm that we welcome Gary and the AHJ team to Miller.”

Gary Masters, CEO of AHJ Miller, said, “We are delighted to become part of the most exciting growth story in the specialty broking space. Miller’s culture and reputation as a uniquely client-centric business mean we could not have found a better home.

“As part of AHJ Miller we will be able to bring additional services to our clients, such as Miller’s highly regarded facultative and capital advisory capabilities, while benefiting a platform that will enable us to further grow across our existing products and geographies.”

Shaun Sinniah, President of AHJ Miller, added, “We are continuing to develop our reinsurance offering at pace and the acquisition of AHJ marks a significant step in that journey.

“This strengthens our reinsurance platform and amplifies our entire offering by bringing together highly complementary talent, market access and client solutions. I look forward to the opportunities this partnership brings as we continue to become the trusted and bespoke advisor that our clients are seeking.”

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