Reinsurer Miller finds new owner in GIC, and a refreshed strategy
Add BT as a preferred source
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.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
