Amlin buys stake in Miles Smith
by David Masters
Story link: Amlin buys stake in Miles Smith
Lloyd’s of London reinsurer Amlin has acquired a minority stake in retail broker Miles Smith plc.
Miles Smith is a London-based independent broker with operations covering the whole of the UK.
It controls a GWP of approximately £100 million, specialising in fleet, construction, property and entertainment markets.
The company has already been working with Amlin on a hazardous waste scheme.
Paul Chainey, chief executive of Miles Smith, said he ‘looks forward’ to working more closely with Amlin.
Amlin’s chief executive Charles Philipps, said the investment is part of Amlin’s ‘ongoing strategy’ to broaden distribution in the UK.
A statement from Amlin added that the partnership will help further develop ‘existing long-standing business relationships’ with retail and wholesale brokers.