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Specialist re/insurance broker Miller has completed the previously announced acquisition of Shields Reinsurance Brokers Limited (Shields), an independent reinsurance broker based in Dubai, following the receipt of all necessary regulatory approvals.
Shields was founded in 2017 and has a strong reputation in Facultative and Treaty reinsurance across specialty classes in the Middle East and North Africa (MENA) region and beyond.
The capabilities of both brokers will be brought together under one unified brand, Shields Miller, which will be a part of the Miller Group.
The transaction aligns with Miller’s expanding re/insurance strategy and growing multinational presence, following the acquisition of AHJ Holdings Ltd in 2025.
James Hands, Chief Executive Officer (CEO), Miller, commented, “We are pleased to have completed the acquisition of Shields, marking an important step in strengthening Miller’s presence across the MENA region.
“Building on last year’s acquisition of AHJ, this partnership enhances our treaty reinsurance capabilities and establishes a strategic placement hub in Dubai. I very much look forward to working with Ahmed and the team as we deepen our offering across the region.”
Ahmed Rajab, CEO and Founder, Shields, said, “From the outset, it was clear that Miller shares our long-term vision, and with access to its scale, expertise and global reach, we are now ideally positioned to accelerate our growth.
“As part of Miller, we look forward to enhancing our capabilities, delivering broader solutions to clients, and continuing to strengthen Dubai’s position as a premier reinsurance hub.”
The post Miller completes acquisition of Dubai-based reinsurance broker Shields appeared first on ReinsuranceNe.ws.
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