Zurich-owned N&G buys marine trade book from NMU

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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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