BDM and ASCO Join Forces with Navigators

Dear Partner,

We are pleased to announce that BDM and our affiliated insurance company, ASCO, are now a part of Navigators (Nasdaq: NAVG), a global specialty insurance company with a 40-year history of helping clients manage a wide range of complex risks through customised insurance coverage and solutions.

Benefits for You and Your Clients

You and your clients will now receive the benefits of enhanced financial strength, evidenced by Navigators’ solid credit ratings, as well its deep knowledge of and access to local markets across the continent. Navigators has been underwriting ocean marine insurance in Antwerp since 2005 and opened offices in Rotterdam, Milan and Paris in 2014 and an office in Madrid in 2017.

BDM will be able to offer a broader set of high-quality specialty insurance products for which Navigators is known, including professional liability, errors and omissions, directors and officers liability, life science risk, environmental liability, recycling risk, and political violence and terrorism risk.

A Strong Combination

BDM and Navigators share complementary cultures that emphasize a passion for underwriting discipline and outstanding claims experiences. Moving forward, you can expect the same personalised attention you have always received. We are grateful for your business and look forward to continuing to serve you and delivering the benefits that will come from joining forces with Navigators.

If you have any questions about the transaction, please reach out to me.

Warm regards,

Jos Gielen
Chairman of the Executive Committee

Hugo De Cupere
Chief Commercial Officer