Thomas Miller launches energy and marine MGA Navata

A new standalone MGA business, focusing on energy and marine, has been launched by Thomas Miller. The new MGA, Navata, underwrites a wide range of renewable energy, power, onshore and offshore oil & gas risks, as well as providing marine insurance products on behalf of S&P A+ and AA- rated capacity.

Navata originated from Thomas Miller Specialty Offshore, a business established by Thomas Miller in 2016. The renaming to Navata is subject to regulatory approval in Germany, Canada and Singapore. It is majority owned by the Thomas Miller Group and will operate on a standalone basis alongside the group’s other activities.

Hugh Titcomb, Thomas Miller group CEO, said: “We’re delighted to announce the launch of Navata, and anticipate its structure, experienced team and existing business relationships will enable it to develop and grow significantly in a dynamic marketplace.”

Bernt Hellman, CEO of Navata, added: “This is a really exciting opportunity to develop our business for the future. The once-in-a-generation energy transition has brought about significant changes to both the energy and insurance markets; we have to evolve with our clients and brokers in order to respond to their needs. Our new identity will support us in this mission. At the same time, this gives us the opportunity to develop a state-of-the-art MGA, embracing new technology and AI in order to provide the best possible service to our underwriting partners.”