Navium Marine, a specialist marine-focused Managing General Agency (MGA) operating through Fidelis Partnership’s Pine Walk platform, has launched the Constellation Consortium, the largest satellite pre-launch consortium in the Lloyd’s market.
The consortium will draw on capacity in approximately 10 markets, offering a total cap of $75 million. Navium is leading the effort under the direction of cargo and coin underwriter Michael Prendeville.
Fidelis Partnership Syndicate 3123 will provide lead capabilities to the syndicate, with additional support from Fidelis Insurance Group.
The alliance is expected to come online on January 1, 2026, providing meaningful new capacity and underscoring Navium’s commitment to innovative, solutions-oriented market leadership.
It is also designed to support a wide range of activities across the aerospace sector, Navium aims to facilitate collaboration across the market to meet the growing and changing needs of the industry.
As the global satellite industry continues to grow rapidly, the Constellation Alliance will target satellite pre-launch exposure, covering areas such as assembly, transportation and storage.
Prendeville commented: “The space industry is accelerating in scale and complexity. This alliance will provide customers with customized solutions by opening up and unifying the London market, while meeting the growing capacity needs of new era launch vehicles.
“We are pleased to have achieved leadership positions across the market, reflecting Navium and TFP’s shared commitment to delivering industry-leading solutions where customers need them most.”
