Fee and commission income (2003): £592m.
Pre-tax profit (2003): £3.3m
Address: Dawson House
5 Jewry Street
London EC3N 2PJ
Tel: 020 7488 2345
Fax: 020 7265 1423
Email: info@miller-insurance.com
Website: www.miller-insurance.com
Year established: 1902
History: Today, Miller is the only privately-owned independent broking group of its size, based in the UK.
Over the 100 years Miller has been in business, it has built up a worldwide reputation for delivering results, through unrivalled expertise, sector knowledge and depth of relationships with the major markets - both internationally and in London.
Originally founded on 2 January 1902 by Thomas Miller, when he started an insurance entity called Thos R. Miller & Son (Insurance) to complement his existing partnership of P&I Managers.
In 1974, a holding company was formed as part of a diversification into new areas of non-marine business. This also entailed the creation of several separate trading companies in order to meet the needs of clients at the time.
In 1983, Sir Peter Miller, then chairman of the holding company, introduced a unique employee trust ownership structure, which underpins Miller's independence today.
By 1991, the organisation had expanded through the creation of worldwide ventures and trading relationships, and it was renamed The Miller Insurance Group.
By 1999 there were eight separate Lloyd's broking companies and these were restructured to create a single trading entity. In addition to being able to provide clients with a more uniform and comprehensive service, the reorganisation facilitated cross-fertilisation of business and shared learning as well as enabling greater operational efficiencies.
In 2002 a new corporate identity was introduced, with the Lloyd's broking being renamed Miller Insurance Services Ltd.
Major shareholders: An employee trust has an interest in the shares of Miller, through the ownership of the Miller partnership
Main lines of business: Alternative risk transfer; commercial contingency; consulting services; energy - up and downstream and renewable; financial institutions; marine; motor fleet; personal accident; political and trade finance; professional liabilities; programmes and facilities; property, liability and construction; reinsurance and science and technology
Number of UK branches: 3
Subsidiary companies: Miller Insurance Services Ltd
Miller Insurance Services (UK) Ltd
Miller Financial Services Ltd
Miller Insurance Services (Labuan) Ltd
Miller Japan Ltd
Miller Bermuda Ltd
Number of UK employees: 530
Chief officer: Graham Clarke, chief executive
Biography: Graham Clarke began his insurance career in 1974 with Lloyd's broker Bain Dawes.
He joined Miller in 1982 as a director of the organisation's energy division, and was appointed managing director in 1990, with responsibility for developing upstream and downstream energy business.
In May 2000, he became chief executive of Miller Insurance Services Ltd.
He is also chief executive of the holding company, Miller Insurance Investments Ltd.
His other directorships include the Council of Insurance Agents and Brokers (CIAB.), the leading US brokers association based in Washington DC.
