GIC to acquire the remaining share in Miller Insurance from Cinven.

GIC, a global long-term investor, agreed to acquire the remaining share in Miller Insurance, a specialist insurance and reinsurance broker, from Cinven, an international private equity firm. Financial terms were not disclosed. “We are very proud of the journey Miller has travelled over the last three years and its strong growth during that time, which has been supported by expanding into new geographies and product lines. It is a great example of Cinven’s strategy to support leading companies with sustainable, resilient business models that can perform well through macroeconomic cycles. We wish the team continued success in the future,” Luigi Sbrozzi, Cinven Partner.