Cinven and GIC agreed to acquire Miller Insurance, an insurance and reinsurance broker, from Willis Towers Watson, a British-American global multinational risk management, insurance brokerage and advisory company, for $896m. The transaction is expected to complete in Q1 2021 and is subject to regulatory approval. “We are very pleased to be partnering with Cinven and GIC, whose knowledge and insurance investment expertise will enormously support our business as we enter this important next phase of growth. We are excited about bringing together our combined expertise to bolster our best in class client service and solutions and strengthen Miller’s position in our core activities. This includes making incremental targeted, strategic investments as we look to realise our ambition of becoming the leading independent specialist (re)insurance broking firm. I would also like to take this opportunity to thank WTW for their support over the last five years,” Greg Collins, Miller CEO.