NFP, an Aon company, Acquires Miller Insurance Group, Expanding Commercial P&C Offerings in Indiana
NFP, an Aon company and leading property and casualty (P&C) broker, benefits consultant, wealth manager and retirement plan advisor, announced the acquisition of Richard S. Miller & Sons, Inc. dba Miller Insurance Group (MIG), a P&C and benefits agency with multiple offices in Indiana. Greg Miller, chairman of MIG, will join NFP as a senior vice president and report to Amanda Ruback, P&C managing director in NFP’s Central region. MIG co-owners Christian Barnes, Joe Stiles, Chad Miller and Ben Nehls will join as vice presidents and report to Greg Miller.
“I’m thrilled to welcome Greg and the MIG team to NFP,” said Ruback. “With their outstanding reputation and loyal customer base across Indiana, they will help us continue to grow our strong commercial P&C presence in the state. We’re welcoming talented new team members with exceptional expertise and middle-market experience who will partner well with our existing team in Indiana.”
The acquisition aligns with NFP’s strategic growth strategy, which includes Indiana. NFP acquired Indianapolis-based First Person, an employee benefits brokerage firm, in 2021, and City Securities Insurance, a full-service commercial P&C insurance consultant, in 2017, and has made significant hires in Indiana. MIG also brings additional capabilities and geographic reach to the northern part of the state.
Founded in 1937, MIG offers commercial property and casualty insurance and employee benefits to corporate clients and personal lines insurance in Indiana. For more than eight decades, the MIG team has built a strong reputation for serving clients through relationship building, excellent responsiveness and high-touch support, from crafting an insurance program to navigating claims.
“We are excited to join NFP and start another chapter in our successful history,” said Miller. “From the time my family started this agency, we’ve invested in our people and capabilities to bring clients the best solutions and service. As part of NFP, we can leverage their resources, expand our offerings and bring additional value to our clients by helping them address their risk mitigation needs in Indiana and beyond.”
Miller promotes Tim Nagle to Head of Miller Europe
Miller, the leading independent specialist (re)insurance broker, is pleased to announce the appointment of Tim Nagle as Head of Miller Europe.
Tim has been with Miller since 2020 and will also continue in his current role as Head of Sports & Entertainment. Tim’s additional responsibilities as Head of Miller Europe will build on his excellent relationships with Miller’s European partners and experience working across Miller’s five European locations.
Europe has formed an important part of Miller’s international growth strategy since its return to independence, including the acquisitions of Henner Sports (now Miller Sports & Entertainment), 4809 Brokers and Bruzon alongside strong organic growth.
Tim replaces Oscar Holloway, who has left the role to pursue other opportunities.
James Hands, CEO of Miller, said: “We’re delighted that Tim has agreed to take up the role of Head of Europe, in addition to his existing leadership of our Sports & Entertainment team. Tim has played a critical role in helping drive the growth we are seeing today as a practitioner-leader of one of our core franchises. His understanding of Miller’s approach and connectivity in Europe makes this promotion a natural one.
“We remain excited by our opportunities in Europe and have already established strong foundations in a number of specialist classes including Sports & Entertainment, Credit & Political Risks, Cargo and Facultative Reinsurance.”
Tim Nagle, Head of Sports & Entertainment and Miller Europe, added: “I am excited to take on this new responsibility. We have a fantastic team across Europe and I look forward to working closely with our local leaders to help advance Miller’s European growth story and foster further collaboration to bring new products, capabilities and insights to our clients.”
Willis Towers Watson Postpones Planned Sale of Miller Insurance
Willis Towers Watson is postponing its planned sale of its London wholesale broker subsidiary, Miller Insurance Services.
“Given the current COVID-19 outbreak and associated uncertainty, we have paused our current efforts to explore strategic alternatives for Miller. WTW and Miller remain committed to the process and will make an announcement in due course,” said a statement issued by WTW on Friday, April 3. In a Feb. 20, 2020 filing with the U.S. Securities and Exchange Commission, WTW announced that it was considering “strategic alternatives” with respect to Miller, in which it purchased an 85% stake in 2015.The company is not commenting on the status of its planned merger with Aon, which was announced on March 9, at the onset of the COVID-19 crisis.