Navium Marine, the marine-focused specialty MGA operating through The Fidelis Partnership’s Pine Walk platform, announced the launch of the “Constellation Consortium,” which it described as “the largest satellite pre-launch consortium in the Lloyd’s market.”
With the global satellite sector continuing to experience rapid growth, the consortium will target satellite pre-launch exposures, covering assembly, transit, and storage.
Led by Navium under the direction of Michael Prendeville, the consortium will pool capacity from approximately 10 markets to provide a combined $75 million limit.
Lead capacity for the consortium will come from The Fidelis Partnership Syndicate 3123, with additional support from Fidelis Insurance Group.
The consortium has been structured to target a broad spectrum of the space industry, with Navium seeking to drive collaboration with the wider market to meet the evolving and expanding needs of the industry.
The consortium goes live from January 1, 2026, providing meaningful new capacity where it is critically needed and underscoring Navium’s commitment to innovative, solutions-oriented market leadership.
“The space industry is accelerating in both scale and complexity. This consortium will support clients by unlocking and unifying London markets to provide bespoke solutions, whilst also addressing the increasing capacity requirements of the new era of launch vehicles,” commented Michael Prendeville, cargo & specie underwriter at Navium.
“We are delighted to be taking a lead position on a market-wide offering, reflecting Navium’s and TFP’s shared commitment to delivering industry-leading solutions where the client needs them most,” he added.
Established in May 2021, Navium Marine is an appointed representative of Pine Walk Capital Ltd., which is authorized and regulated by the UK Financial Conduct Authority.
About The Fidelis Partnership
Launched in May 2021, Navium Marine is an appointed representative of Pine Walk Capital Ltd. The Fidelis Partnership is a privately-owned, Bermuda-headquartered managing general underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty re/insurance products. TFP also sponsors and incubates specialist MGAs through its Pine Walk Capital Ltd. platform as an appointed representative of Pine Walk. The Fidelis Partnership is separately owned and managed from the ownership and management of Fidelis Insurance Group.
Source: The Fidelis Partnership
Topics New Markets Insurance Wholesale
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