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Welcome to Navium Marine. We are a marine focused specialty MGA.

We strive to create a digitally enhanced business blending underwriting, claims leadership and competence with modern day solutions.

Our team are all long-standing insurance market professionals with a strong desire to leave a legacy of technical performance and discipline and not just ride underwriting cycles.  We have a track record of delivering profitable results and we are committed to delivering value to our capacity and to our clients.

Navium Marine Limited was established in May 2021 with a focus on quality marine insurance. Our team has a reputation for approachability and flexibility in developing new structures for both existing and emerging risks.

Clive Washbourn CEO, CUO & Director

Clive is a market-leading figure with executive experience spanning  36 years  in the Marine and Specialty markets. He has a reputation for building balanced portfolios and delivering upper-quartile results in the Lloyd’s Market, and has a track record of producing significant underwriting profits for the businesses he has worked for across market cycles.  ​

​ Prior to starting  Navium , Clive was Head of Marine at Beazley, where he fostered deep relationships with brokerages and global marine insurance buyers, and built and developed high performing teams for succession.

Oliver Clark Deputy CUO & Senior Underwriter

Ollie has previously worked as a Marine Underwriter at Atrium, AXA XL and MS Amlin, specialising in Marine and Energy Liabilities and Ports and Terminals. Ollie graduated from the University of Sheffield in 2010 and worked at Rothschild before joining the insurance industry 11 years ago. He recently completed an MBA at Cranfield University’s School of Management.

Henry Maughan Head of Cargo & Specie

Henry has over 16 years’ experience in the London Market. His most recent role was leading the Cargo team at Antares where they delivered and exceeded their budgeted income targets and exceeded their loss ratio targets. Notably, Henry drove the team through the Lloyd’s decile 10 process, and was one of the few cargo portfolios to grow the income in 2018-2019. Henry was a member of the Joint Cargo Committee for 2020 and 2021.

Alice Edwards Chief of Staff

Alice has over 5 years’ experience in the London Market and joined  Navium  in June 2022. Previously she had been at Hiscox where she worked primarily with the Marine and Energy Leadership Team. After graduating in Law from University of Exeter she worked within the tech industry before joining the Insurance Market.

Alex Hill Hull & War Assistant Underwriter

Alex joined Navium in August 2022. Prior to which he worked at Willis Towers Watson for 3 years, during which time he worked in various area, including Hull and Machinery on both placement and claims, whilst also assisting the Bloodstock and Livestock claims team. Alex has completed his Diploma in the CII, holds a Graduate Diploma in Law from the University of Law in 2019 and achieved a BA in History from University of Exeter in 2017.

Amy Slade Underwriting Assistant

Amy Joined Navium in October 2022. She has many years’ experience within the Lloyds Insurance market supporting underwriters across a broad range of classes of business. Amy’s insurance career began at Xchanging before working at Brit Insurance and the last 11 years at Antares Syndicate.

Beth Wells Underwriting Assistant

Beth joined Navium in May 2023 having graduated with a BSs/degree in Physical Geography from the University of Reading. She went on to complete a Masters in Environmental Management from the University of London, Birkbeck in September 2023.

Cameron Hagley Claims Assistant

Cameron joined Navium in January 2023 as her first role within the London Market. She is developing her understanding of Marine Claims and is specialising within H&M and Marine Liability.

Constantine Hadjipateras Claims Manager

Constantine joined Navium in June 2023. Prior to joining he was a Claims Manager at Seascope Insurance Brokers for 9 years, specialising in Hull & Machinery and Yacht claims. He graduated in 2010 from Bayes Business School with an MSc in Shipping, Trade and Finance.

Danielle Basstoe Cargo & Specie Underwriter

Danielle joined Navium in June 2021 after 21 months as a Cargo Underwriting Assistant at Antares. Danielle completed her ACII qualification to become an Associate Member of the Chartered Insurance Institute in January 2022.

Eliza Kearns Claims Assistant

Eliza joined Navium in September 2023. Prior to this she completed a BA in French at the University of Bristol in June 2023.

Emma Roadnight COO

Emma joined Navium in November 2021 and has 13 years’ experience in the London Market. She first started out as a CAT Risk Analyst at Canopius and since then, she has worked at Travelers, MS Amlin and Antares, underwriting on the Cargo and Specie accounts. Emma holds a MSc in Business Analysis and Finance and a BSc in Economics.

Gemma Swan Underwriting Assistant

Gemma joined Navium in February 2023. She graduated from UCL in 2022 with a degree in History and French and before joining Navium was working in the FinTech Industry.

Gillian McCombes Hull Underwriter

Gillian has over 18 years of experience as a Marine Underwriter. She joined  Navium  in April 2022 and prior to this worked in Lloyd’s of London at Atrium. In her previous role, she wrote a consistently profitable Marine book and developed significant market expertise in Hull, Disbursements, War and Builder’s Risks.

Lewis Ross Cargo & Specie Assistant Underwriter

Lewis joined Navium in February 2022 as his first role within the London Market. He has developed a strong understanding of Cargo and Cargo War.

Madison Wallis Senior Receptionist

Madison joined Navium in April 2023, previously working at Rathbones as a Reception Administrator. She graduated from the University of Chichester in 2017 with a BA Hons in Musical Theatre.

Michael Prendeville Cargo & Specie Underwriter

Michael joined Navium in March 2023 from WTW, where he was an Associate Director handling a global book of large and complex business.  After graduating from the University of Nottingham in Economics, Michael joined the industry on the WTW graduate scheme, and became an Associate Member of the Chartered Institute of Insurance in 2018.

Millie Perrin Hull & War Underwriter

Millie joined Navium in November 2021 from the Lloyd’s of London Insurance Graduate Scheme. She undertook placements in the Lloyd’s Corporation, Canopius, and Marsh Marine Teams and completed her ACII. Millie graduated from the University of Cambridge with a BA in Anglo-Saxon, Norse and Celtic History and an MA from Newcastle University in Early Medieval Archaeology.

Noris Kanaharajah Underwriting Assistant

Noris joined Navium in August 2023 after 2 years as software developer for Worldline. He graduated from University of Portsmouth in 2021 with a Masters in Mechanical Engineering.

Oliver O’Leary Underwriting and Operations Assistant – Intern

Oliver is currently a student at the University of Bath, where he is completing an Economics undergraduate degree. He began his placement year at Navium in July 2023 and is working across all areas of marine insurance as well as assisting with operations.

Ophelia O’Brien Receptionist

Ophelia joined Navium in May 2023 after graduating from Sheffield Hallam University in 2022.

Rosie Gillett Underwriting Assistant

Rosie joined Navium in July 2023 after graduating from the University of Southampton with a BSc in Environmental Science.

Sally Newing Claims Manager

Sally joined Navium in February 2024. Prior to joining she worked for Marine TPAs for 12 years, specialising in Cargo claims and also involved in GA and salvage matters. Sally began her London Market career in 1993 handling North American non-marine APH and LMX legacy claims.

Simon Fraser Underwriting Assistant

Simon joined Navium in June 2023 as a Hull and War Underwriting Assistant. Prior to this he completed the apprenticeship scheme at Lloyd’s of London.

Simone Holliday Senior Claims Manager

Simone has been working in the Marine insurance class for over 25 years. She joined Navium in November 2022 having previously handled yacht business as a claims and placing broker in the London market and has worked on Brown Water P&I, Hull claims, Blue Water Hull, SRL, Builders Risk, Comprehensive Marine General Liability, Ports & Terminals, Maritime Employers Liabilities, Cargo, War, LOH, Maritime Employers Liabilities, Energy Onshore/Offshore Physical Damage and Associated Liabilities.

Navium offers insurance across the full range of Marine classes.  Our experience allows us to understand the keys risks faced by our clients whilst also looking to pioneer new approaches to risk selection and loss management.

Ship Building

Ship Owning

International Movement of Goods

Marine Liability

War/Kidnap and Ransom

Ports and Terminals

By SuperyachtNews 10 Aug 2018

Lloyd's superyacht insurance shakeup underway

Reports suggest between five and seven lloyd's syndicates have already dropped out of the yacht insurance market. further consolidation expected….

Earlier this year, Lloyd’s of London, the specialist insurance market, issued a warning to a number of its marine syndicates, including those that underwrite superyacht businesses. The warning gave loss-making marine syndicates three months to create viable business plans or be dropped – the deadline for the presentation of said remediation plans being Friday 3 August.

On 2 August, TradeWinds News reported that Brit Global Speciality, Lloyd’s syndicate 2987, ended its yacht insurance business lines. Since Brit’s exit, various reports have suggested that a further five to seven syndicates have pulled out of the yachting market. The shakeup of the Lloyd’s market follows a sustained period of falling premiums and unsustainable loss ratios. Yachts are widely considered to be the greatest loss maker within the Lloyd’s marine portfolio.

“I’ve been talking for a long time now about the sustainability of the insurance and what I mean by sustainability is this: the insurance market relies on simple principles, you create a pool of funds so that, when you claim, money comes out of that pool,” starts Simon Ballard, managing director of CRS Yachts. “Unfortunately, over the last five years in particular, the pool has not been big enough. Underwriters haven’t been charging enough money to cover the losses that have occurred. This is for a number of reasons, but over capacity and competition are chief among them.”

According to a number of sources, the Lloyd’s superyacht insurance market has been running on an unsustainable loss ratio

According to a number of sources, the Lloyd’s superyacht insurance market has been running on an unsustainable loss ratio. For a number of years, the Lloyd’s market operated at about 120 per cent loss ratio. In 2015 the Lloyd’s market collected around £150million of premium and operated at a loss ratio of 140 per cent, meaning that it paid out around £210million of claims. By all accounts, 2015 was a relatively uneventful year compared with those that followed.

Considering the losses that have occurred since, including two high-profile 100m-plus claims and the severe damage caused by the hurricanes that decimated the Caribbean and Florida in 2017, one can appreciate that the loss ratios since 2015 have continued to significantly worsen. TradeWinds News reports that a senior Lloyd’s broker has suggested that Lloyd’s is prepared to reject business plans and drop loss-making enterprises.

“In the last 10-15 years, there has been an oversupply of capacity that has softened the rates and create what, on the surface, appears to be healthy competition. But, ultimately it has driven rates to an all-time low. It got to the point where the insurance community unanimously agreed that there needed to be a market correction (rate increase), but no one seemingly acted on it,” comments Mike Taylor-West, director of global market at La Playa.

As a result of the severely unsustainable market softening, a number of syndicates, it would seem, have decided to withdraw from the market even before Lloyd’s has begun to decline business plans. It is expected that in the days and weeks to come that an even greater number of syndicates will drop out of the market.

As a result of the severely unsustainable market softening, a number of syndicates, it would seem, have decided to withdraw from the market

According to the TradeWinds report, Brit’s marine insurance business accounts for 10 per cent of its total business. Of that business, the yacht business lines were an even smaller proportion, with some estimates suggesting it accounted for significantly less that one per cent of the total business. As a result, businesses such as Brit are viewing the superyacht market, a loss making and relatively insignificant contributor to the larger group, as being surplus to requirements and have, therefore, cut their losses by removing themselves from the market place.

“People have been talking about rate rises but I don’t think that they have come fast enough because there is still over capacity in the market place,” continues Ballard. “I personally don’t think that just increasing the premium pot is going to be enough. Businesses are really going to have to look at how policies are underwritten and consider the whole mechanism in order for the system to become fairer. This process will happen, but it will happen slowly.

“If you consider that Lloyd’s is a superyacht market leader, we will see other businesses following suit because this is not just a Lloyd’s issue, we see overseas securities offering cheap and more unsustainable rates,” Ballard says. “This is crunch time, it is in everybody’s interest to create a sustainable market because if it isn’t, the clients suffer as there may not be insurers willing to underwrite this class.

It has been suggested that capacity in the sub-£5million category is likely to be affected the quickest, with the sub-£10million category also likely to be strong effected. “Sub-£10million is going to be more difficult, but all lines are going to be affected,” continues Ballard. “We are probably seeing the biggest change we are ever going to see in this business.”

“The strange side of this is that consumers would generally expect brokers to champion cheaper rates,” continues Taylor-West. “And yes, in a sustainable marketplace this would be the case, but ultimately that is not where we are and some of the suicidal rates that are currently available put the clients at risk. The current climate requires responsible broking. However, like the market itself, there is also an over-capacity of brokers and market players that has contributed to the pricing race to the bottom. The problem with a cheap marketplace is that it puts pressure on the claim and it leads the providers of the capacity to adopt positions that seek to find ways to narrow or avoid claims rather than paying them.”

In the coming days and weeks, it is expected that the market will experience further consolidation. It has also been suggested that, in order to foster a more sustainable marketplace, premiums are likely to increase.

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• Yachting World
• Digital Edition

Bluewater cruising insurance – what you need to know

• April 13, 2022

Janneke Kuysters looks at bluewater cruising insurance and explains what you need to know and why it's become increasingly difficult to insure your yacht for long distance cruising

There’s no getting around the fact it has become a lot harder to get boat insurance, particularly bluewater cruising insurance. However, there are still ways to secure good coverage – you just need to know what makes insurers tick.

If you want to ruin any cruising sailors’ potluck party on a tropical beach, just drop in a question about boat insurance. Many boat owners have stories to tell. Just about every aspect of the process has become more complicated for bluewater cruising insurance, it takes a bigger chunk out of the cruising budget every year and the rising deductibles make it more and more tempting to go uninsured. So, what is going on in the market and how do you get proper insurance to match your cruising plans?

How bluewater cruising insurance works

First, let’s look at who you are dealing with when you try to get your yacht insured for a trip to the Med, the Caribbean or a circumnavigation.

The insurance company covers your yacht: they write the cheque when there are damages to it or when you’ve caused damage. All this depends on the conditions that you agreed to when taking the policy, but in general, you don’t deal with the insurance company directly when you try to get insurance for a bluewater itinerary. Unlike car insurance, boat insurance is a very specific product and it requires a tailor made approach. Most likely you’ll do business with a broker or an underwriting agent.

Uninsured yacht owners could face enormous salvage, repair and environmental damage costs if the worst should happen. Photo: Ben Welsh Premium/Alamy

The broker considers you, your boat and your plans and presents this ‘package’ to several insurance companies. A single insurance company may want to insure you, but it could also be a syndicate of insurers: each insurer accepting a certain percentage of the risk presented by your package.

There are different kinds of brokers; the difference lies in the amount of work they take off the hands of the insurance companies. If the broker is just helping you to get cover for your beautiful blue water itinerary, you’ll get a policy with the header of the insurance company. If the broker does a lot more work, for instance manning phone lines for 24/7 assistance and handling of claims, you may find their company name at the top of your policy. Brokers that take the most work off the hands of the insurers are called managing general agents (MGAs).

What has changed?

Why has it become more complicated to get yacht insurance for blue water voyages? Mike Wimbridge, managing director of Pantaenius UK, explains: “Yacht insurance for offshore itineraries has always been a tailor made market. And we see that, in recent years, there has been less appetite from the insurance companies when it comes to yacht insurance in general. For coastal cruising in UK waters, things are still fairly easy to insure. But for more bespoke risks like insuring a bluewater cruise, we see that the market is nervous.”

There are several reasons behind this change, Wimbridge says. “Up until 2017 this was a highly competitive market, so prices were as low as possible. It then became untenable for many insurers, especially when a few big windstorms tore through areas where lots of yachts were stored.

“Insurance companies and their reinsurance companies pulled out of the market, leaving a few behind who needed to safeguard their financial situation. So the premiums and deductibles rose. Things are stabilising now, but we still see slight increases annually.”

There are other factors at play. The effects of climate change mean extreme weather events happen more often.

Sailing off the beaten track can be challenging to insure. Photo: Janneke Kuysters

The typical consumer profile has also changed. In the past, yacht owners usually set off on passage armed with sextants, paper charts and a wealth of experience. Nowadays it has become a lot easier to get started – thanks to everything from computer-based navigation systems to powered sail handling – so owners can set off on a bluewater cruise with less experience.

At the same time, boats have become larger and potential claims more expensive: a single lightning strike can destroy tens of thousands of pounds worth of electronics, so it’s perhaps understandable insurers can be nervous to write bespoke policies.

However, there are signs that the market is rebalancing. Ric De Cristofano, director of underwriting with Topsail Insurance, says: “The good news is that the insurance market is cyclical: it will bounce back. I think we have the worst time behind us and we’ll see that insurers become more open to write policies for bluewater cruising yachts.”

How to get bluewater cruising insurance

If you are looking for insurance for a bluewater itinerary, Wimbridge says, “Getting a quote is getting harder and harder. You have to ‘pitch’ yourself, your boat and your plans to the insurer. The broker can help you to do this or you can select a carrier that has staff on hand who are experienced in this area. Things like your sailing CV, diplomas and those of your crew, previous long passages that you have successfully undertaken, and technical or managerial skills that will benefit your sailing, are very important to mention.

“When it comes to the boat: the more seaworthy, the better. There is no real threshold when it comes to boat value, but a well found yacht that is suitable for offshore cruising is paramount to get insurance.”

“We have added a maintenance log to our ‘pitch’ to get insurance,” say American cruisers Jason and Nicky Wynn (see gonewiththewynns.com). “This has added to the success of securing insurance for our boat.” Keep receipts and take photographs as proof of upgrades and repairs, and record a log of routine maintenance.

“The third element in your ‘pitch’ is your itinerary,” continues Wimbridge. “The Atlantic and Pacific are well-cruised areas where insurers can assess the risk they are writing. But if you’re heading around Cape Horn or further afield in the Indian Ocean, premiums will rise. So with your choice of itinerary you can influence the height of your premium and insurance conditions.”

Hurricane damaged yacht. Photo: Pantaenius

In general, insurers are not keen to cover your yacht if you sail in areas with a cyclone/hurricane risk. They have predefined areas and dates which are important to adhere to if you want to stay insured. You will also have a very hard time finding insurance to sail in areas with political instability, war or threats of terrorism. War Risk zones are internationally acknowledged areas where even large commercial ships pay breathtaking insurance premiums.

De Cristofano adds: “Start looking for an insurer at least six months before you plan to leave. Have a chat with your broker to see if they will be able to find insurers that will cover your itinerary. Give yourself ample time to put your ‘pitch’ together and to discuss possible alternatives with your insurer that will lead to a policy that fits your budget.

“It pays to negotiate about the deductible: if you are willing to accept a higher deductible, this may make a significant difference in the premium you will be paying, because it signals to the insurer that you have confidence in your yacht and your skills to maintain it properly.”

However, Wimbridge warns: “Price is not all; think of insurance as a partnership with the insurer. The cheapest policy may not do what you need it to do when you are in trouble on the other side of the planet. You need an insurer who has the knowledge and the capacity to get help to you where you are: spare parts, technical assistance or even worst case, salvage. A lot of the cheaper insurance options will require hiring a third party provider locally, which may present all sorts of cultural and language barriers. So look at the quality of the policy.”

Real world solutions

Bill Garlick is a well known name in the cruising community: many boat owners who have sailed to the other side of the world and run into trouble with their insurance get help from Bill at The Marina Shop in Opua, New Zealand.

“The marine insurance market had a monumental dislocation at the end of 2018 when many Lloyds pleasure craft syndicates closed their books,” Garlick explains. “The lost capacity created a worldwide shortage of marine insurance for pleasure craft. Cover was difficult to find and premiums started rising. Around 95% of our clients were insured with Lloyds at the end of 2018 and those now with Lloyds can be counted on one hand. A number of insurers stepped in to fill the abyss which meant brokers and clients had to deal with new policy wordings and cruising parameters. By the end of 2019 most clients were placed with new insurers.

Keeping a log of regular maintenance can be helpful. Photo: Janneke Kuysters

“A consequence of the contracting market is that marine insurers have tighter criteria and marine insurance is more difficult to secure. Older (30 years-plus), smaller (under 40ft) and low value boats (less than US$100,000) are difficult and sometimes impossible to insure. Standing rigging must be no more than 10 years old (a rig inspection and report is no longer acceptable), surveys are generally required when an insurer takes on a new risk unless the vessel is a relatively new factory production model.”

He adds: “Registration is now the key factor in securing marine insurance. Many insurers are not registered in all countries/jurisdictions so they can only offer cover to certain flags. Choosing a flag is now the decision that determines which – if any – insurers can offer terms.”

Claudia Masson, CEO of the specialised German yacht insurance broker Preuss, says Brexit has also had an impact on European brokers: “Since Brexit, it is no longer possible for us to insure a UK registered yacht with a UK owner. We’ve had to cancel all the policies of our UK clients; this has limited the amount of alternatives there are for UK boat owners.”

“Lightning, windstorm and saltwater damage to electronics and electrical systems are problematic,” adds Garlick. “Many marine insurers simply refuse to offer cover for these risks and others mitigate their exposure by offering high excesses/deductibles.”

Go uninsured?

Every year a number of cruising yacht owners decide to sail uninsured. There are several reasons for this, but usually it’s because of budget constraints or simply because they cannot find an insurer.

But there are considerable risks to going uninsured. First of all, some countries will not let you enter or leave without at least liability insurance – Panama being one example. The same applies to most harbours or marinas.

But the most important thing to consider when you sail uninsured is whether you can afford to lose your boat and equipment. Would being uninsured likely change your behaviour – would it make you less likely to issue a Mayday? In the case that you hit a reef, could you finance the cost of salvage and repairing environmental damage? Or the liability if you accidentally hit another yacht or a swimmer in the water?

“If you are considering sailing uninsured, there are insurers in the UK that will accept yachts for just the liability insurance,” says Ric De Cristofano of Topsail Insurance.

If you enjoyed this….

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Lloyd’s, marine insurance and slavery

By dr nicholas draper.

Marine insurance provided a means by which merchants could manage the risks of their business and share those risks - and part of the returns - with a much wider group of domestic and international individuals. 

Marine insurance thus facilitated the ‘expansion of Europe’, the explosion of European traders, soldiers and colonists into the wider world from the 15th century onwards who established new empires for the major European powers and ultimately founded a global system of capitalism.

Marine insurance therefore predated the era of British colonial slavery (which began c. 1625), but the rise of Lloyd’s from the original coffeehouse (1688/9) to the establishment of New Lloyd’s (1771) and the subsequent consolidation of its position as the leading market for marine insurance coincided with the emergence of Britain in the 18th century as the largest slave-trading power and the development of the British transatlantic colonies as a major slave-system.

From 1720 onwards, only two companies (the London Assurance and Royal Exchange) could underwrite marine insurance in Britain: the rest of the market was made up of individuals, for whom Lloyd’s played a critical role as a platform to operate within a framework of rules and practices. 

The slave-economy was one of the major markets for British marine insurance.  Most of Britain’s trade was with Europe, and the majority of policies by number were almost certainly for European and coastal voyages. But the premia were higher on long-distance voyages, those to Africa, the East Indies and the Americas, so in financial terms these lines of insurance predominated. The slave-economy was clearly a principal feature in the British financial construct and by extension also significant to its marine insurers.

Originally, the pattern of organisation for commerce built on slavery was truly a triangular trade, a single ship leaving Britain carrying goods for exchange on the west coast of Africa, carrying the captive Africans purchased there across the Atlantic on the ‘Middle Passage’, and selling the survivors in the Americas in exchange for slave-grown produce, especially sugar and tobacco but also rum, coffee, indigo, spices and mahogany, which were brought back to Britain to fuel the consumer revolution of the eighteenth century. But as the system grew, the triangular trade became more of a metaphor.  The slave-ships still fulfilled the first two legs, but often came home in ballast, while an important bilateral trade between Britain and the trans-Atlantic colonies developed, shipping plantation supplies to the colonies and returning with slave-grown produce in custom-built ‘West Indiamen’, ships capable of carrying far more cargo than slave-ships.

It is estimated that slavery-related business overall accounted for between one-third and 40 per cent of premium income in the second half of the 18th century. The insurance of the slave-voyages themselves accounted for an estimated 5-10% of total marine insurance premia. Of more financial importance to the insurance business were the ships sailing directly from Britain to the Caribbean and back, accounting for some 30% of total marine insurance premia paid.

Only fragmentary records exist for the marine insurance business of the eighteenth century outside the two incorporated firms. What does exist tends to support the view that the composition of the business done at Lloyd’s was not materially different from the marine insurance market as a whole, of which Lloyd’s came to make up an increasing share.

One index of the overlap of Lloyd’s and slavery is the analysis of the list of named subscribers to New Lloyd’s in 1771. Of the 77 surviving names, at least eight are known to have invested directly in slave-trading voyages, while a further seven were themselves slave-owners or lenders or annuitants secured on enslaved people .

The British slave-trade ended in 1807. British colonial slavery itself was abolished only in 1834. Lloyd’s entanglement in slavery did not end with Britain’s abolition of slavery. Cotton grown by enslaved people in the southern United States became a key driver of Britain’s industrialisation from the 1790s onwards, and the insurance of the shipping of raw cotton to Britain and of manufactured cotton products to markers worldwide remained an important part of Lloyd’s business, until the abolition of slavery in the United States in 1865 and in South America, with Brazil in 1888. The legacies of slavery in the colonial systems have continued to the present day.

Lloyd’s is not alone in beginning only recently to come to terms with its historical connections to slavery.  The insurance of slave-ships and, under complex policies, of the captive Africans on board them, however, has an especial resonance and entails a specific responsibility of acknowledgement and repair, of which this fact sheet is one small part.   

About the author

Dr Nicholas Draper was Director of the Centre for the Study of the Legacies of British Slave-ownership from 2016-2019. He was Co-director of the Structure and Significance of British Caribbean Slave-ownership 1763-1833 project (2013-2015) and co-founder of the original Legacies of British Slave-ownership project (2009-2012). He is now working on the Arts and Humanities Research Council funded national consortium, on the Legacy of British Slave Traders. Prior to joining UCL as a doctoral candidate and then a Teaching Fellow, Nick worked in the City for 25 years. His foundational analysis of the Slave Compensation records was published by Cambridge University Press in 2009 as The Price of Emancipation: Slave-Ownership, Compensation and British Society at the End of Slavery . The book was awarded the 2009 Royal Historical Society's Whitfield Prize and was short-listed for the 2011 Frederick Douglass Book Prize. He is a member of Lloyd’s Working Party on John Julius Angerstein.

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+44 203 053 8612 “>Call  us on +44 203 053 8612 or email us at [email protected] to explore how we can help you increase your product and services depth, create efficiencies and increase profitability. We come from a long & strong background owning & operating retail insurance brokerages in North America. We understand your business and customer needs as well as your business flows and daily challenges – we can help on many levels.

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Reinsurance News

Maksure risk solutions becomes a lloyd’s registered broker.

23rd April 2024 - Author: Kassandra Jimenez-Sanchez

The specialist Lloyd’s insurance and reinsurance marketplace has granted Maksure Risk Solutions, an Afro-Global independent specialist re/insurance broker, Broker Status.

Commenting on the approval, Simba Makwembere; Managing Director at Maksure Risk Solutions, said: “We are truly honoured with the Lloyd’s approval and this makes Maksure currently the only African originating broker, to be granted the full Lloyd’s broker status.

“This to a large extent is a demonstration of our strong corporate governance, exceptional technical and leadership skills that can compete at a global scale, as well as the ability to drive business growth in our chosen markets.”

Some of the benefits being a Lloyd’s broker brings include access to the Lloyd’s Markets, which has access to a wide range of specialist insurance and reinsurance products. This access in turn will boost Maksure’s already existing capability to place unique or complex risks.

Maksure will also be able to tap on Lloyd’s Market Expertise in specialty re/insurance. As well as the global reach of the Marketplace, which has a global network of underwriters and brokers, allowing Maksure access to insurance capacity and expertise from around the world.

As a Lloyd’s broker, Maksure will also be subject to regulatory oversight by the Lloyd’s Market Association (LMA) and other regulatory bodies.

While this oversight entails compliance requirements, it also helps ensure high standards of professionalism and integrity within the market, which can enhance both trust and credibility.

Vincent Gota, Vice President at Maksure, commented that being part of Lloyd’s brokers enhances their capacity of placing specialist lines of business including aviation, political violence & terrorism, cyber, oil & gas, marine, financial lines and large property accounts.

Thanks to this approval, Maksure’s clients will be able to have access to over 70 underwriters specialising in these and other specialty classes.

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Daily Briefing April 26 2024

• 26 Apr 2024

Gas carrier fleet shipping Iranian LPG expands as exports boom | Another one bites the dust: Shipping stocks keep disappearing from the ticker | India allows three more Russian entities to provide marine insurance

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sailboat atlantic crossing record

Transatlantic sailing record. Banque Populaire V, current record holder. Since the five-week voyage of Christopher Columbus in 1492, crossing the Atlantic Ocean, quickly and safely, between Europe and the Americas has always been an important issue. Today, the route has become a classic one among skippers.

Comanche, the 100ft maxi racing yacht built to break records for Jim Clark and Kristy Hinze-Clark, has set an astonishingly fast new transatlantic record. In making the crossing in just 5 days, 14 ...

The 30.48m (100ft) VPLP Design/Verdier Maxi Comanche, skippered by Mitch Booth, has taken Monohull Line Honours in the 2022 RORC Transatlantic Race, winning the magnificent IMA Trophy. Comanche has set a new race record for the 3,000nm race from Lanzarote to Grenada of 7 days 22 hours 1 minute 4 seconds. Comanche's new Monohull Race Record has ...

Record attempt for the smallest boat to cross the Atlantic. Andrew Bedwell is planning to smash the record for sailing the smallest boat to cross the Atlantic. His vessel, Big C is just over 1m/3.2ft long. The smallest boat to cross the Atlantic was 5ft 4inches, sailed by American sailor, Hugo Vihlen in 1993. Many have tried but failed to break ...

Sailing superyacht Comanche has set a new record for crossing the Atlantic Ocean after completing her latest Transat on July 28.. The 30.45 metre carbon-fibre yacht sailed from New York's Ambrose Lighthouse to the UK's Lizard Point in 5 days, 14 hours, 21 minutes and 25 seconds.

(July 28, 2016) - Comanche, the 100 foot racing yacht owned by Jim Clark and Kristy Hinze-Clark, has successfully set a new monohull transatlantic record of 5 days, 14 hours, 21 minutes 25 seconds.

Andrew Bedwell's 3'3" sailboat is tiny, especially for the Atlantic. But the Englishman plans to break the record for smallest boat crossing.

The 30.48 metre sailing yacht Comanche has set a new monohull race record after taking Monohull Line Honours in the 2022 RORC Transatlantic Race.. Skippered by Mitch Booth, Comanche and its crew completed the 3,000 nautical mile race from Lanzarote to Grenada in seven days, 22 hours, 1 minute and 4 seconds (that's two days quicker than the previous record holder).

Small boat Atlantic crossing records are always fascinating. What motivates a skipper to test the limits by sailing offshore in a 21ft yacht?. For American sailor Jay Thompson it is his desire to highlight that the Mini 6.50 is a seaworthy boat, and that this popular French class has potential beyond the Mini Transat. 'The whole point of the Mini 6.50 class is to innovate and prove that it ...

British solo sailor Alex Thomson smashed the single-handed monohull trans-Atlantic record by more than 24 hours crossing the finish line July 26 at Lizard Point, off Falmouth in Cornwall, England, reports Soundings Trade Only. The 38-year-old crossed the line at 18:17 British Standard Time, setting the new time at 8 days, 22 hours, 8 minutes.

Andrew Bedwell's one-metre long boat sank very early in his attempted trek from St. John's to England. »»» Subscribe to CBC NL to watch more videos: https://...

Transatlantic Crossing in Record Time. Here are the records for the fastest crossings of the Atlantic in a Sailboat. Crewed: Time: Boat Name: Hull: Year: Speed: 5d 14h 21min 25s : Comanche : Monohull: 2016: 21.44 knots (39.71 km/h) 3d 15h 25min 48s: Banque Populaire V : Trimaran: 2009: 32.94 knots (61.00 km/h)

Holly Overton gets the inside track from her captain and crew. Black Pearl was designed to push the boundaries of technology and what was thought to be possible for a 106.7-metre under sail. But even for her captain, Christian Truter, carving through the busy waters of St Barths at 14 knots was a bold move. She was an unexpected guest and her ...

ARC: Three Decades of Atlantic Crossings. Duncan Kent. Updated: Aug 2, 2017. Original: Feb 15, 2017. The 2016 ARC fleets sets sail for St. Lucia under clear skies. Every year since 1986, a group of around 200 cruising boats has gathered in Las Palmas in the Canary Islands, ready to set forth across the Atlantic Ocean—their destination, the ...

A sailor's record-setting quest to cross the Atlantic Ocean in the smallest boat ever ended in tears when the 3-foot 10-inch boat began taking on water shortly after his departure and smashed…

Record-Breaking Atlantic Crossings: Several remarkable records have been set for the fastest solo and crewed Atlantic crossings. These record-breaking achievements showcase the extraordinary capabilities of both sailors and vessels. ... An Atlantic crossing on a sailboat takes an average of 20 to 25 days, but can be completed in two weeks if ...

Sail World - The world's largest sailing news network; sail and sailing, cruising, boating news. Please select your home edition ... The Atlantic crossing record by Project 100 Communications on 23 Jul 2000 PlayStation (105'), launched in December 1998, set a 24 hour distance ...

Fun Fact: The longest sailboat ever constructed, known as the yacht "A," has set a world record with a length overall of 143 meters (469 feet). Displacement. Edited . ... In this section, we will delve into key considerations for an Atlantic-crossing sailboat, providing insights and advice to ensure a safe and enjoyable voyage. So, grab ...

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These recorded times exemplify the incredible speed and efficiency of sailboats crossing the Atlantic. The sailboat "Comanche" holds the record for the fastest time between Lizard Point in the UK and Ambrose Light in the USA, completing the journey in just 5 days, 14 hours, 21 minutes, and 25 seconds.Meanwhile, the sailboat "IDEC Sport" holds the record for the fastest west to east ...

A record number of migrants crossed the Channel on Wednesday as Downing Street warned of a "migration emergency" amid a three-week delay to its Rwanda Bill.. More than 500 migrants arrived on ...

The running total for Channel crossings in 2024 to 4,043 - 10% higher than this time last year (3,683). It is also 25% higher than the total at this stage in 2022 when there were 3,229 arrivals ...

July 14, 2020 featured in Display. Bold Color Cool Creative Cyrillic Geometric Neon Outlined Retro. Download Moscow Metro font, a multi-line display typeface in two styles, inspired by the Moscow underground map. Moscow Metro is ideal for posters and headlines, neon signage and other artworks.

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The information about Lysenko's record achievements: Rafting (I) During 1990-1992 (additionally 1996) Vladimir became the first man all over the world, who had rafted down all fourteen more-than-8,000-meters peaks over the world. There is the list of rivers rafted by him from all more-than-8,000meters peaks: 1. Everest(8848m) -

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40 facts about elektrostal.

Written by Lanette Mayes

Modified & Updated: 02 Mar 2024

Reviewed by Jessica Corbett

Elektrostal is a vibrant city located in the Moscow Oblast region of Russia. With a rich history, stunning architecture, and a thriving community, Elektrostal is a city that has much to offer. Whether you are a history buff, nature enthusiast, or simply curious about different cultures, Elektrostal is sure to captivate you.

This article will provide you with 40 fascinating facts about Elektrostal, giving you a better understanding of why this city is worth exploring. From its origins as an industrial hub to its modern-day charm, we will delve into the various aspects that make Elektrostal a unique and must-visit destination.

So, join us as we uncover the hidden treasures of Elektrostal and discover what makes this city a true gem in the heart of Russia.

Key Takeaways:

• Elektrostal, known as the “Motor City of Russia,” is a vibrant and growing city with a rich industrial history, offering diverse cultural experiences and a strong commitment to environmental sustainability.
• With its convenient location near Moscow, Elektrostal provides a picturesque landscape, vibrant nightlife, and a range of recreational activities, making it an ideal destination for residents and visitors alike.

Known as the “Motor City of Russia.”

Elektrostal, a city located in the Moscow Oblast region of Russia, earned the nickname “Motor City” due to its significant involvement in the automotive industry.

Home to the Elektrostal Metallurgical Plant.

Elektrostal is renowned for its metallurgical plant, which has been producing high-quality steel and alloys since its establishment in 1916.

Boasts a rich industrial heritage.

Elektrostal has a long history of industrial development, contributing to the growth and progress of the region.

Founded in 1916.

The city of Elektrostal was founded in 1916 as a result of the construction of the Elektrostal Metallurgical Plant.

Located approximately 50 kilometers east of Moscow.

Elektrostal is situated in close proximity to the Russian capital, making it easily accessible for both residents and visitors.

Known for its vibrant cultural scene.

Elektrostal is home to several cultural institutions, including museums, theaters, and art galleries that showcase the city’s rich artistic heritage.

A popular destination for nature lovers.

Surrounded by picturesque landscapes and forests, Elektrostal offers ample opportunities for outdoor activities such as hiking, camping, and birdwatching.

Hosts the annual Elektrostal City Day celebrations.

Every year, Elektrostal organizes festive events and activities to celebrate its founding, bringing together residents and visitors in a spirit of unity and joy.

Has a population of approximately 160,000 people.

Elektrostal is home to a diverse and vibrant community of around 160,000 residents, contributing to its dynamic atmosphere.

Boasts excellent education facilities.

The city is known for its well-established educational institutions, providing quality education to students of all ages.

A center for scientific research and innovation.

Elektrostal serves as an important hub for scientific research, particularly in the fields of metallurgy, materials science, and engineering.

Surrounded by picturesque lakes.

The city is blessed with numerous beautiful lakes, offering scenic views and recreational opportunities for locals and visitors alike.

Well-connected transportation system.

Elektrostal benefits from an efficient transportation network, including highways, railways, and public transportation options, ensuring convenient travel within and beyond the city.

Famous for its traditional Russian cuisine.

Food enthusiasts can indulge in authentic Russian dishes at numerous restaurants and cafes scattered throughout Elektrostal.

Home to notable architectural landmarks.

Elektrostal boasts impressive architecture, including the Church of the Transfiguration of the Lord and the Elektrostal Palace of Culture.

Offers a wide range of recreational facilities.

Residents and visitors can enjoy various recreational activities, such as sports complexes, swimming pools, and fitness centers, enhancing the overall quality of life.

Provides a high standard of healthcare.

Elektrostal is equipped with modern medical facilities, ensuring residents have access to quality healthcare services.

Home to the Elektrostal History Museum.

The Elektrostal History Museum showcases the city’s fascinating past through exhibitions and displays.

A hub for sports enthusiasts.

Elektrostal is passionate about sports, with numerous stadiums, arenas, and sports clubs offering opportunities for athletes and spectators.

Celebrates diverse cultural festivals.

Throughout the year, Elektrostal hosts a variety of cultural festivals, celebrating different ethnicities, traditions, and art forms.

Electric power played a significant role in its early development.

Elektrostal owes its name and initial growth to the establishment of electric power stations and the utilization of electricity in the industrial sector.

Boasts a thriving economy.

The city’s strong industrial base, coupled with its strategic location near Moscow, has contributed to Elektrostal’s prosperous economic status.

Houses the Elektrostal Drama Theater.

The Elektrostal Drama Theater is a cultural centerpiece, attracting theater enthusiasts from far and wide.

Popular destination for winter sports.

Elektrostal’s proximity to ski resorts and winter sport facilities makes it a favorite destination for skiing, snowboarding, and other winter activities.

Promotes environmental sustainability.

Elektrostal prioritizes environmental protection and sustainability, implementing initiatives to reduce pollution and preserve natural resources.

Home to renowned educational institutions.

Elektrostal is known for its prestigious schools and universities, offering a wide range of academic programs to students.

Committed to cultural preservation.

The city values its cultural heritage and takes active steps to preserve and promote traditional customs, crafts, and arts.

Hosts an annual International Film Festival.

The Elektrostal International Film Festival attracts filmmakers and cinema enthusiasts from around the world, showcasing a diverse range of films.

Encourages entrepreneurship and innovation.

Elektrostal supports aspiring entrepreneurs and fosters a culture of innovation, providing opportunities for startups and business development.

Offers a range of housing options.

Elektrostal provides diverse housing options, including apartments, houses, and residential complexes, catering to different lifestyles and budgets.

Home to notable sports teams.

Elektrostal is proud of its sports legacy, with several successful sports teams competing at regional and national levels.

Boasts a vibrant nightlife scene.

Residents and visitors can enjoy a lively nightlife in Elektrostal, with numerous bars, clubs, and entertainment venues.

Promotes cultural exchange and international relations.

Elektrostal actively engages in international partnerships, cultural exchanges, and diplomatic collaborations to foster global connections.

Surrounded by beautiful nature reserves.

Nearby nature reserves, such as the Barybino Forest and Luchinskoye Lake, offer opportunities for nature enthusiasts to explore and appreciate the region’s biodiversity.

Commemorates historical events.

The city pays tribute to significant historical events through memorials, monuments, and exhibitions, ensuring the preservation of collective memory.

Promotes sports and youth development.

Elektrostal invests in sports infrastructure and programs to encourage youth participation, health, and physical fitness.

Hosts annual cultural and artistic festivals.

Throughout the year, Elektrostal celebrates its cultural diversity through festivals dedicated to music, dance, art, and theater.

Provides a picturesque landscape for photography enthusiasts.

The city’s scenic beauty, architectural landmarks, and natural surroundings make it a paradise for photographers.

Connects to Moscow via a direct train line.

The convenient train connection between Elektrostal and Moscow makes commuting between the two cities effortless.

A city with a bright future.

Elektrostal continues to grow and develop, aiming to become a model city in terms of infrastructure, sustainability, and quality of life for its residents.

In conclusion, Elektrostal is a fascinating city with a rich history and a vibrant present. From its origins as a center of steel production to its modern-day status as a hub for education and industry, Elektrostal has plenty to offer both residents and visitors. With its beautiful parks, cultural attractions, and proximity to Moscow, there is no shortage of things to see and do in this dynamic city. Whether you’re interested in exploring its historical landmarks, enjoying outdoor activities, or immersing yourself in the local culture, Elektrostal has something for everyone. So, next time you find yourself in the Moscow region, don’t miss the opportunity to discover the hidden gems of Elektrostal.

Q: What is the population of Elektrostal?

A: As of the latest data, the population of Elektrostal is approximately XXXX.

Q: How far is Elektrostal from Moscow?

A: Elektrostal is located approximately XX kilometers away from Moscow.

Q: Are there any famous landmarks in Elektrostal?

A: Yes, Elektrostal is home to several notable landmarks, including XXXX and XXXX.

Q: What industries are prominent in Elektrostal?

A: Elektrostal is known for its steel production industry and is also a center for engineering and manufacturing.

Q: Are there any universities or educational institutions in Elektrostal?

A: Yes, Elektrostal is home to XXXX University and several other educational institutions.

Q: What are some popular outdoor activities in Elektrostal?

A: Elektrostal offers several outdoor activities, such as hiking, cycling, and picnicking in its beautiful parks.

Q: Is Elektrostal well-connected in terms of transportation?

A: Yes, Elektrostal has good transportation links, including trains and buses, making it easily accessible from nearby cities.

Q: Are there any annual events or festivals in Elektrostal?

A: Yes, Elektrostal hosts various events and festivals throughout the year, including XXXX and XXXX.

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