Re/insurance broking specialist Miller has completed its acquisition of AHJ Holdings Ltd (AHJ), the parent company of Alwen Hough Johnson Limited and AHJ Europe AS.
AHJ, established in 1973, is a specialist reinsurance broker with operations in property, casualty, marine, and energy. The firm also places business across several niche insurance lines.
Miller said that the acquisition adds significant scale and capability to its treaty reinsurance operations and extends its reach in the Nordic, Caribbean, and North American treaty markets.
AHJ employs approximately 90 people across offices in London and Scandinavia. With this addition, Miller, which has a workforce exceeding 1,000 employees operating within Lloyd’s, the London market, and internationally, expands its human capital and geographic footprint.
Following the transaction, the combined reinsurance teams from Miller and AHJ will operate under the trade name AHJ Miller. Leadership of the unit will be shared by Gary Masters and Shaun Sinniah.
James Hands (pictured above), group CEO of Miller, said the acquisition of AHJ accelerates the firm’s reinsurance strategy.
“The dedicated expertise which AHJ brings strongly complements our leading specialty offering and will allow us to bring our combined capabilities to a greater number of clients. It is with great enthusiasm that we welcome Gary and the AHJ team to Miller,” Hands said.
Gary Masters, CEO of AHJ Miller, said the firm is joining a growing specialty broking platform and pointed to Miller’s client-centric approach as a key factor in the move and said the new structure would allow AHJ Miller to offer additional services.
“As part of AHJ Miller we will be able to bring additional services to our clients, such as Miller’s highly regarded facultative and capital advisory capabilities, while benefiting a platform that will enable us to further grow across our existing products and geographies,” Masters said.
The acquisition follows a series of strategic expansions by Miller, including the purchase of capital advisory firm 4809 Brokers and Spanish re/insurance broker Bruzon in 2024.
The AHJ deal also represents Miller’s most significant investment since it returned to independence in 2021. After separating from its previous ownership structure, Miller has focused on reclaiming its position in the reinsurance market through targeted acquisitions.
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