New standalone energy specialist MGA launched as chief executive named

Insurance provider Thomas Miller has launched a new standalone managing general agent (MGA) specialising in the energy sector.

Called Navata, the business will underwrite a range of renewable energy, power, onshore and offshore oil and gas risks, as well as provide marine insurance products.

It will use S&P A+ and AA- rated capacity.

Navata already has 31 employees, including 13 underwriters, and is led by chief executive Bernt Hellman.

Hugh Titcomb, Thomas Miller group chief executive, said: “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.”

Evolution

The MGA originates from Thomas Miller Specialty Offshore, a business established by Thomas Miller in 2016.

Hellman served as both chief underwriting officer and managing director of offshore marine and energy during his time at the division.

Speaking about Navata, Hellman said: “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.”