Theprice paid or other financial details have not been disclosed but the dealinvolves Thomas Brown and Nick Maddalena, the two 50:50 partners who previouslyowned the business, having a long term ongoing involvement.

Seacurusfounded in 2004 is a wholesale broker that initially focussed on credit defaultand charterparty cancellation cover but is nowadays better known for kidnap and ransomcover and CrewSeacure, a policy to cover seafarer abandonment and other liabilitiesunder the Maritime Labour Convention.

TheSeacurus