Navigators P&I was established in London in 2004 and provides P&I cover for small and medium sized vessels for limits of liability up to USD 1 billion.
In addition to providing fixed premium P&I, Navigators P&I also offer FD&D and other extended covers for shipowners with no specific restrictions on fleet size, age or classification of vessels.
Navigators has reported a 25% increase in tonnage from 2 million gross tons to 2.5 million gross tons with premium income also growing from USD 19 million to USD 21 million.
In 2016 it began offering a bank guarantee to cover Release Calls incurred by those insureds moving from an IG Club to the insurer.
The P&I facility is part of The Navigators Group Inc., which provides primary layer security up to USD 50 million. Security for higher policy limits of liability is provided by Lloyd’s syndicates.