Castel Underwriting Europe B.V. (Castel Europe), a subsidiary of Castel Underwriting Agencies Limited, has announced that it has entered into an agreement with The Hartford to acquire the renewal rights for Navigators Europe, the trading name of Bracht, Deckers & Mackelbert NV (BDM)’ASCO Continentale Verzkeringen NV (ASCO), Rotterdam marine business.
The renewal rights include a book of predominantly Dutch marine cargo, inland hull, land-based equipment and liability business. The Navigators Europe marine underwriting team, based in Rotterdam, will transfer to Castel Europe and will continue to be led by Duco Teijema as marine manager, Netherlands. Teijema will report to Gert van Middelkoop, head of Castel’s Marine Center of Excellence.
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