Specialist re/insurance broker Miller has completed its acquisition of Madrid-based commercial insurance broker, Bruzon Correduría de Seguros y Reaseguros. Established in 1990, Bruzon is focused on the structuring and placement of direct and reinsurance risks.
James Hands, CEO, Miller, said: “Our ambition is for Miller to be the scale international partner of choice across our leading specialty offering and the completion of this acquisition marks another stage in that journey. I am delighted to be expanding our already strong relationship with Bruzon and bringing our expert capabilities to a greater number of clients.”
John Bruzon, CEO at Bruzon, added: “It is a pleasure to be working with Miller and to be joining them on their international growth trajectory. Together we can bring specialist solutions to clients in both the Spanish market and globally, as we continue to prioritise providing excellent solutions and services. Miller has a special culture, shares the passion we have for our clients and celebrates the same entrepreneurial approach we do. We can’t wait to partner with our new colleagues.”
The company will trade under the Bruzon Miller brand. Bruzon’s 32 staff will continue to be led by its founder and CEO John Bruzon.
The transaction marks Miller’s third Continental European acquisition in the past two years.
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