Miller reports total revenues of £271m for 2024, reveals new brand

Independent specialist insurance and reinsurance broker Miller has reported total revenues of £271 million for the full year 2024, a 13% increase from 2023, driven almost entirely by 12% organic growth.

The firm’s total gross written premium placed in 2024 stood at $4 billion, while the EBITDA margin remained above 30%, despite significant investments in teams, technology, and capabilities.

Notably, Miller welcomed 200 new joiners in 2024, bringing its total headcount to over 1,100. This growth included the addition of new products, capabilities, and teams across Real Estate, European Nuclear Risks, Transactional Risks, Marine, North American Casualty, and Specialty Reinsurance.

Additionally, Miller completed the acquisitions of 4809 Brokers in Switzerland and Bruzon in Spain to further develop its European platform.

Alongside its 2024 full year results, Miller has also unveiled its new brand and visual identity, built around a new brand line, Go Be Great.

James Hands, CEO of Miller, commented, “Our new brand is about putting clients at the absolute centre of everything we do.

“We are truly passionate about the role insurance can play as an enabler of greatness and, at a time when much of our market is looking inward, distracted by consolidation and change, Miller’s renewed commitment to clients coming first is more relevant than ever.

“For over 120 years we’ve been finding the right solutions for our clients and matching their ambition every step of the way. Our new brand truly reflects the spirit of Miller – innovation, energy, and above all, trust.”

Hands continued, “2024 was another record year for Miller as our business continues to go from strength to strength. We started the year with increased momentum, as the completion of GIC’s investment secured our long-term future as the independent specialist partner of choice.

“I am particularly pleased that our record result was driven primarily by our organic growth, reflecting our unparalleled focus on building a business with client service at its core. This philosophy saw us continue to attract some of the industry’s best talent, with over 200 people joining Miller last year, as we continued to build out our product offering, geographic footprint, and customer reach.

“The second half of the year also saw us successfully deliver on our M&A strategy, with the acquisitions of 4809 Brokers and Bruzon, and at the start of 2025 we announced the acquisition of AHJ. Together, these deals will significantly move forward our reinsurance strategy which we expect to be a key pillar of future growth, having identified strong market demand for an agile, niche, and advisory-led alternative. Today we are also proud to be launching our refreshed brand, capturing what makes Miller so special: making things possible for our clients by empowering our people.

“We are building something for the long term, and 2025 will see us continue to attract talent, explore accretive M&A, and expand our international footprint. All this is underpinned by our confidence in the opportunities there are for Miller as we double down on our position as the broker of choice for those seeking independence, specialism, and service.”

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