Miller to buy reinsurance broker in ‘most significant’ deal since becoming independent

(Re)insurance broker Miller has agreed to acquire AHJ Holdings in what it claims is its “most significant” deal since becoming independent in 2021.

AHJ is a specialist reinsurance broker that focuses on property and casualty, as well as marine and energy. It also places business in a number of niche insurance lines.

It was founded in 1973 and has 90 employees across London and Scandinavia.

Miller said the acquisition of AHJ will be “highly complementary” to its reinsurance strategy, especially for Nordic, Caribbean and North American Treaty business.

James Hands, chief executive at Miller, said: “The acquisition of AHJ is our most significant investment since returning to independence in 2021 and a major milestone for Miller, significantly accelerating our reinsurance strategy.

“Alongside sharing our commitment to specialism, AHJ is an excellent cultural fit and, like us, its success has been built on a client-first philosophy and desire to develop long-term relationships.

“AHJ will give us an established reinsurance platform from which to drive further growth, including meaningful hiring plans as we seek to attract talent that wants to be part of an independent specialist.”

’Ideal partner’

The acquisition is expected to close in Q2 2025.

Once complete, AHJ chief executive Gary Masters and his team will join Miller.

Masters said: “All at AHJ are proud of the business that has been built over the past 52 years. In Miller we believe that we have identified the ideal partner, one who will enable us to maintain that which has made AHJ distinct, while presenting us with new opportunities.

“We are excited to be able to bring new services to our client base, in particular Miller’s facultative and capital advisory capabilities, in addition to the advantage provided by Miller’s market leading position across many specialty insurance lines throughout the London and International markets.

“Miller’s independence and supportive long-term ownership is compelling and something we knew would resonate with both our clients and our colleagues.”