Business

Zurich’s N&G marks 100-year milestone

From its offices in Brighton, N&G has grown to provide cover for watercraft of all sizes, from small motorboats to large yachts worth up to £10m

Navigators and General (N&G), a marine insurer owned by Zurich UK, has celebrated its 100-year anniversary, making it one of the “longest-serving marine insurers in the UK”.

The Brighton-based company was founded on 1 March 1921 by Captain William Coombs, a merchant navy officer and WW1 veteran. According to the firm, Captain Coombs launched N&G after “hearing of the misfortune of a fellow officer, who was demoted to seaman when his steamer was sunk in a collision”. 

This reportedly led him to establish the group in order to protect officers whose certificates were “withdrawn, suspended or reduced to a lower grade”.  

From its offices in Brighton, N&G has grown to provide cover for watercraft of all sizes, from small motorboats to large yachts worth up to £10m. It also protects marine businesses, including marinas, hire fleets, boat builders and boat yards.

Maria Cospito, head of N&G, said: “For a century, we have protected our customers on and off the water. Although a significantly different company to the one Captain Coombs formed in 1921, our focus on customers has remained constant, and it’s their trust and loyalty that has helped us to reach this milestone in our history. 

“It helps that we speak the same language as our customers.  Like them we have a genuine enthusiasm for the boats we insure, whether they are small craft or super yachts.”

He added: “For many of our customers, it’s more than just a boat, it’s a passion passed down through generations.  Some of our policyholders today have been with us since the fifties and sixties, and we now insure their families too.   

“We’ve reached 100 years in a strong position, and we’re starting our next century determined to keep adapting and improving for our customers.”

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