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Friday, December 8, 2023

Miller to bolster presence in Asia with Central Insurance coverage partnership

Miller has solid a partnership with Thailand-based firm Central Insurance coverage Companies (CIS) to bolster its proposition within the power sector and footprint in Asia.

As per the brand new long-term settlement, the events will give attention to delivering providers for power purchasers in Thailand. 

The alliance may also supply regional servicing experience and in-depth data of the Thai market to their power purchasers.

Consulting providers on technical elements, threat engineering, reinsurance placement and claims providers can be supplied by the specialist (re)insurance coverage dealer.

The brand new settlement is a part of Miller’s technique to broaden focus to the power line and progress prospects in Asia.

Miller Asia head Ron Whyte mentioned: “I’m excited to deepen our already sturdy relationship with Central and improve our power, energy and building providing in Thailand. 

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“Thailand is a vital marketplace for power and one of many largest markets in South East Asia with over $11bn (Bt406.7bn) of non-life premiums positioned yearly.” 

The most recent deal is predicated on an current partnership between the businesses within the property and casualty sector.

Central Insurance coverage Companies Insurance coverage head Narin Setabandhu mentioned: “CIS has been exploring alternatives in different area of interest traces of enterprise exterior of Central Group property with strategic companions. 

“Energy and power was recognized as a distinct segment line of enterprise and with Miller’s experience on this house and our current valued partnership, I’m excited to convey collectively our two extremely complementary talent units.” 

In August 2023, Miller appointed Oscar Holloway as its new head of European enterprise to steer the strategic progress plan of the corporate.

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