Lumley has added private pleasurecraft insurance to its product portfolio under a new agreement with national group Nautilus Marine.

Nautilus will act as underwriting agent for pleasurecraft and related commercial insurances for Lumley’s broker business from Thursday.

Lumley CEO David Matcham says the new agreement will allow the company to expand further into marine insurance, which is considered a growth area.

The Nautilus direct business will continue to be underwritten by South African group Hollard.