Miller bolsters reinsurance line with new APAC treaty team

It will be accompanied by five senior moves

Miller bolsters reinsurance line with new APAC treaty team

Insurance News

By Kenneth Araullo

Specialist broking firm Miller has announced a substantial expansion of its reinsurance offerings by establishing a new treaty reinsurance team in the APAC region.

Heading this new team is Richard Broad, appointed as the head of treaty, APAC. Broad, previously the regional head of reinsurance for Lockton APAC in Singapore, brings with him over 25 years of experience in reinsurance broking.

Joining him are four other distinguished senior professionals: Bruce Ford and Pei Nee Goi in Singapore, and Jo Garnett and Hui Sin Low based in Malaysia.

These strategic appointments align with Miller’s growth plans for both the Asian market and the realm of reinsurance. Since reattaining independence in 2021, Miller has been making significant movements in Asia, including the acquisition of the Japanese specialist broker, Lead Insurance, in 2022. Presently, Miller has a workforce of 50 professionals across Singapore, Malaysia, and Japan. The company also underscored its commitment to accelerating growth within the region.

“APAC is a central pillar of Miller’s international growth strategy and a market in which we see clear long-term opportunities,” Miller Asia head Ron Whyte said. “We want to establish meaningful and value-add reinsurance capabilities in the region and establishing this new team is a significant milestone. Richard, Bruce, Jo, Pei Nee and Hui Sin are highly experienced senior practitioners; they are all experts in their subject matter with a deep understanding of the region and I am confident they will hit the ground running. It will be exciting to bring new products and solutions to our clients and see our reinsurance footprint grow.”

Recently, the specialist broker also announced new appointments for senior roles in the company as it works on the enhancement of its growth in the Asia region.

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