Miller completes acquisition of Madrid-based broker Bruzon

Independent specialist insurance and reinsurance broker Miller has completed its acquisition of Madrid-based commercial re/insurance broker Bruzon Correduría de Seguros y Reaseguros S.A. and Bruzon Services S.A. (Bruzon).

This acquisition follows the initial announcement made in May 2024.

Founded in 1990, Bruzon is a leading broker in Spain, focused on the structuring and placement of direct and reinsurance risks.

This is Miller’s third acquisition in Continental Europe in the past two years, reflecting its strategy to expand across the UK, Europe, and Asia, with a focus on strengthening its reinsurance offerings.

The business will now operate under the “Bruzon Miller” name, reflecting the long-standing partnership between the two companies. Miller previously held a minority stake in Bruzon before 2015.

Under the terms of the acquisition, Bruzon’s team of 32 will continue under the leadership of its founder, Chairman, and CEO, John Bruzon.

James Hands, CEO of Miller, stated, “Our ambition is for Miller to be the scale international partner of choice across our leading specialty offering, and the completion of this acquisition marks another stage in that journey. I am delighted to be expanding our already strong relationship with Bruzon and bringing our expert capabilities to a greater number of clients.”

Bruzon added, “It is a pleasure to be working with Miller and to be joining them on their international growth trajectory. Together we can bring specialist solutions to clients in both the Spanish market and globally, as we continue to prioritise providing excellent solutions and services. Miller has a special culture, shares the passion we have for our clients and celebrates the same entrepreneurial approach we do. We can’t wait to partner with our new colleagues.”

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.