Zurich-owned N&G buys marine trade book from NMU
The book of business will be transferred to N&G at renewal and NMU marine trade underwriters will move across as part of the deal.
Zurich-owned Navigators and General (N&G) has bought NMU’s commercial marine trade combined book for an undisclosed sum.
The Brighton-based insurer noted that the transaction brings a target risk appetite book of business to N&G and accelerates its growth in the marine insurance sector.
The book of business will be transferred to N&G at renewal and will be staggered across the year.
As part of the deal, NMU marine trade underwriters will move across to N&G.
The book was previously
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