Navigators Insurance named Northern Trust to provide global custody and investment accounting services to $250 million in insurance assets for its London-based branch, confirmed Northern Trust spokesman John O’Connell.
Navigators is a subsidiary of Navigators Group Inc., a specialist insurance holding company based in New York.
Mr. O’Connell declined to name who held the mandate previously.
Navigators spokeswoman Taha Ebrahimi could not be reached for comment.
