Thomas Miller has launched a new standalone managing general agent (MGA) business called Navata.
Evolving from Thomas Miller Specialty (TMS) Offshore, which was established in 2016, Navata will handle underwriting for a broad spectrum of risks, including renewable energy, power, onshore and offshore oil & gas, and will also offer marine insurance products. These will be backed by capacity from providers with S&P ratings of A+ and AA-.
Navata will operate independently from its parent firm, Thomas Miller Group, but remains majority-owned by the wider company. The rebranded entity has a team of 31 professionals, including 13 seasoned underwriters, and is led by chief executive Bernt Hellman, who played a pivotal role in the creation of TMS Offshore.
Expressing his enthusiasm for Navata’s unveiling, Thomas Miller Group CEO Hugh Titcomb stated: “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.”
Read more: Connect Underwriting launches MGA for emerging markets
Meanwhile Hellman highlighted the growth opportunities tied to evolving market conditions, commenting: “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.”
He also emphasised the company’s technological ambitions, noting that the new MGA will focus on integrating advanced technology and artificial intelligence to enhance service delivery to its underwriting partners.
Along with Navata’s introduction is the rollout of a new website: navata-global.com. Meanwhile, the rebranding is still pending regulatory approval in Germany, Canada, and Singapore.
What do you think about this story? Share your thoughts in the comments below.
