Independent insurance and reinsurance broker Miller has acquired Tokyo-based Lead Insurance Services, cementing a longstanding relationship between the two businesses.
Founded in 1994, Lead specialises in hull, war risks, and protection and indemnity insurance and has a strong client base in the Japanese market. According to Miller, Lead offers a highly complementary service to its current marine capabilities. The two companies have been working together for 25 years.
“This acquisition is a natural next step in our relationship and will enable us to build on Miller’s existing strength in the marine space – a key class for us,” said Miller CEO Greg Collins (pictured above). “Our longstanding partnership means we already know Lead extremely well and we are pleased to have such an experienced team join Miller. In particular, their deep relationships with the Japanese ship-owning community have created a robust niche and combined with their consistent growth and reputation for excellent client service, the acquisition is a great fit for our own culture and ambitions. We look forward to continuing to grow our presence in Japan with Lead and our other trusted partners in the market.”
“We are delighted to be joining Miller and taking this next step in our relationship,” said Toru Suzuki, president of Lead Insurance Services. “In Miller, we have found a partner that can help us achieve our ambitions while sharing our belief in the importance of providing excellent service, allowing our clients to continue receiving the same high-quality advice we are known for as we continue to grow.”