Clifford Chance

Clifford Chance advises Cinven and GIC on the joint acquisition of specialist insurance broker Miller

Leading international law firm Clifford Chance is advising Cinven, the international private equity firm, and GIC, Singapore’s sovereign wealth fund, on the joint acquisition of leading specialist insurance and (re)insurance broker Miller from Willis Towers Watson.

Miller employs more than 640 people through its offices in London, Ipswich, Brussels, Paris, Singapore and Geneva, covering the world’s key insurance markets. Miller operates across several specialist areas, including marine, energy, credit & political risks, delegated authorities, professional risks, property, casualty, sports & entertainment and (re)insurance. Headquartered in London, it places £2 billion worth of premiums annually.

Cinven Funds’ previous investments in the European insurance sector include Guardian Financial Services in the UK, Eurovita in Italy, and Viridium in Germany. Other UK-headquartered financial services investments by the Cinven Funds include Partnership Assurance, NewDay and Premium Credit. GIC has invested in companies such as Rothesay and RAC in the UK, Mass Mutual Asia in Hong Kong, and China Pacific Insurance group in China.

Clifford Chance has a longstanding relationship with Cinven and recently advised the private equity firm on its strategic investment in global speciality ingredients distributor Barentz and the IPO of its portfolio company Allegro in Poland. Clifford Chance has previously advised GIC on the acquisition of the Ariane Tower in Paris for 464.9 million from Unibail-Rodamco-Westfield.

The Clifford Chance team was led by Global Head of Private Equity Jonny Myers and Partner Christopher Sullivan, with support from Gregory Scott, Alex Ward, Mark Inkester, Amelia Bennett and Julian Wuttke. Insurance aspects were provided by Partner Narind Singh with support from Imogen Ainsworth, Jessica Thiyavutikan and Tayyibah Mahmood. Finance aspects provided by Partner Taner Hassan, Senior Associates Jessica Eilts and Richard Day, and Associate Liam Dunne.

Note to Editors

Full Team: Jenine Hulsmann with support from Nivi Balaji and Nissim Massarano (Antitrust), Nicholas Mace with support from Cameron Dwyer (Tax), Clare Hoxey with support from Matthew Preston (Pensions), Sonia Gilbert with support from Lauren Evans and Rishiv Rathore (Incentives), Alexander Chester with support from Carolina Barry-Laso (Funds), Lena Ng with support from Mae Yen Teoh and Yaru Chia (Singapore Regulatory), George Kleinfeld with support from Jacqueline Landells (US Regulatory), and Anne Drakeford with support from Abi Lander (Derivatives).