SHIELDS Reinsurance Brokers acquired by Miller
What's the deal? Dubai-based SHIELDS Reinsurance BrokersDealroom has a profile for this one. Try Dealroom → has been acquired by London-headquartered MillerDealroom has a profile for this one. Try Dealroom →. The deal was first announced in February 2026 and formally closed in August 2026 after regulatory approvals.
Why it matters. Founded in 2017, SHIELDS specialises in facultative and treaty reinsurance across specialty classes in MENA and beyond. The acquisition expands Miller's presence in the region and deepens its treaty reinsurance capabilities, with the combined business operating under the Shields Miller brand from 31 July 2026.
Who advised. Lumina Capital AdvisersDealroom has a profile for this one. Try Dealroom → acted as lead sell-side M&A adviser to the shareholders of SHIELDS, supporting financial and commercial workstreams from the Letter of Intent through completion.
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