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Miller expands limited liability partnership in next stage of development

Miller Insurance Services (Miller) announced today that it has expanded its existing Limited Liability Partnership (LLP) in order to create a structure that will attract, retain and motivate the people that are vital to its future success.

Graham Clarke, Chief Executive of Miller commented “Miller has always been committed to building a genuinely alternative broking proposition for clients – and having the right people and culture is a core part of that offering.

“Over recent years, we have recruited significant numbers of brokers to broaden and deepen our core insurance and reinsurance business, increased our overseas reach with operations in Asia and Europe, and broadened our direct corporate offering. As a result, we have achieved strong organic growth in our income and profitability.

“Expanding the LLP is a logical next step in this process. By modernising our structure and offering a greater degree of ownership in the business, we will further reinforce our partnership ethos, and make Miller an even more attractive place to work in a highly competitive market. This is an exciting development in our 110th year of trading, and underlines our commitment to ensuring our long-term success.”

On 1 May 2012 the business of Miller Insurance Services Limited and its employees will transfer into Miller Insurance Services LLP. At the same time, just over 90 senior employees will become partners of the LLP.