Profiles
14. MILLER HOLDINGS
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 WWW.MILLER-INSURANCE.COM
FEE AND COMMISSION INCOME (2004): £64.28m
PRE-TAX PROFIT: £3.35m
NUMBER OF UK BRANCHES: 2
NUMBER OF UK EMPLOYEES: 500
CHIEF OFFICER: GRAHAM CLARKE.
CHIEF EXECUTIVE
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.
Miller was 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 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 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 arm being renamed Miller Insurance Services.
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, financial institutions, global servicing, marine, motor fleet, personal accident and medical insurance, political risk and trade finance, professional and executive liabilities, programmes and facilities, property, construction and liability, reinsurance, science and technology.
SUBSIDIARY COMPANIES
Miller Insurance Services, Miller Insurance Services (UK), Miller Insurance Services (Labuan), Miller Bermuda, Miller Insurance Services (Hong Kong), Miller Japan.
CHIEF OFFICER 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 Clarke became chief executive of Miller Insurance Services.
He is also chief executive of the holding company, Miller Insurance Investments.
His other directorships include the Council of Insurance Agents and Brokers.
