Reinsurer Miller finds new owner in GIC, and a refreshed strategy

Singapore

IN THE fresh hands of new owners - Singapore's GIC and international private equity firm Cinven - specia-list insurance and reinsurance broker Miller is now targeting growth from expanding into private wealth.

It expects a 9 per cent year-on-year revenue growth for the next four or five years, said Nigel Cross, who leads Miller's Singapore office. As it is, Miller has already acquired specialists to form a team in the UK to serve high-net-worth individuals. These individuals often desire cover for high-value homes, antiques, fine art and other items that are not normally covered by standard insurance.