EuropeFinance and Insurance

Thomas Miller pounces for Navigators’ P&I business

Photo of Sam Chambers Sam ChambersJanuary 16, 2018
9 Less than a minute

Insurance giant Thomas Miller has moved to take over Navigators Management’s fixed-premium protection and indemnity business in a deal likely to close within the next month.

“This is a logical and progressive step for Thomas Miller Specialty, enabling us to create scale in a competitive market, whilst focusing on the specific and complex servicing needs of clients,” said Guy Pierpoint, CEO of Thomas Miller Specialty.

As with most other sectors relating to shipping consolidation is happening within the P&I sector, with more acquisitions rumoured to be in negotiation to be carried through in 2018.

Tags
Photo of Sam Chambers Sam ChambersJanuary 16, 2018
9 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button