Navium launches Constellation Consortium for pre-launch satellite risks

HAMILTON, Bermuda, 09 December 2025 – Navium Marine (“Navium”), the marine-focused specialty MGA operating through The Fidelis Partnership’s Pine Walk platform, is pleased to announce the launch of the Constellation Consortium, the largest satellite pre-launch consortium in the Lloyd’s market.

With the global satellite sector continuing to experience rapid growth, the Constellation 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 $75million 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 1 January 2026, providing meaningful new capacity where it is critically needed and underscoring Navium’s commitment to innovative, solutions-oriented market leadership.

Michael Prendeville, Cargo & Specie Underwriter at Navium, commented: “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. 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.”