Miller, an independent (re)insurance brokerage firm, has expanded its footprint in Asia with the launch of Miller Korea, a new office designed to cater to the Korean insurance and reinsurance market.
As part of the expansion, the firm has named David Kim as head of Korea to lead the operation, which will focus on delivering specialised solutions for the local market through a team of experienced brokers.
Before transitioning to insurance, Kim spent a decade in investment management, including time at Morgan Stanley in Japan.
Kim said he sees a significant opportunity for Miller to grow in this market, and he is eager to build a strong team and work with clients to address their unique needs.
“I have been struck by the extent of Miller’s aspirations in Asia and look forward to playing an active role in helping to achieve these. Having worked in Korea for over 20 years, I know there is a huge opportunity, and I am looking forward to working with the team to grow our presence in the region,” he said.
Kim’s leadership team includes:
The establishment of Miller Korea follows several other strategic moves by the broker to strengthen its presence in Asia.
In 2022, Miller acquired Lead Insurance Services, a Japanese brokerage firm, and has since expanded its operations in Japan by hiring new talent, including Tokinori Kono and Satoshi Watanabe.
Globally, Miller has also bolstered its capabilities with the 2024 acquisitions of Spanish commercial insurance broker Bruzon and Swiss reinsurance advisory firm 4809 Brokers.
Ron Whyte, Miller’s head of Asia, highlighted the importance of Korea in the firm’s growth plans.
“[The] announcement further demonstrates Miller’s commitment to the Asian market, which remains a cornerstone of our ambitious international growth objectives. David is highly respected and well-known in the Korean insurance market, and I can think of no-one better qualified to lead Miller’s push into the region as we continue to expand the scope and reach of our market-leading specialist capabilities,” he said.