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Navigators Expands and Strengthens Professional Liability Division

  //business-finance.news-articles.net/content/200 .. strengthens-professional-liability-division.html
  Published in Business and Finance on Monday, December 1st 2008 at 8:13 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--The Navigators Group, Inc. (NASDAQ:NAVG) today announced an initiative to expand and strengthen its professional liability division by appointing Reina Gregorio as President of Professional Liability. Joining her is a team of experienced underwriting professionals—Chris Alfieri and Nelson Arache in New York, and Marcia Blanco and Ursula Williams in San Francisco. Ms. Gregorio will be based in the Company's New York City office and report to Chris Duca, President of Navigators Pro, which underwrites professional and management liability on behalf of Navigators Insurance Company, Navigators Specialty Insurance Company and Navigators Syndicate 1221 at Lloyd's.

"Demand for Navigators' innovative professional liability insurance solutions has increased due to a recent flight to quality for stronger financial security," states Mr. Duca. "We are committed to excellent service for our E&O policyholders and insurance brokers. Reina and the team are an exceptional strategic fit."

Most recently, Ms. Gregorio ran the domestic professional liability business of XL Insurance. With over twenty-seven years of insurance experience, she is well regarded as an industry leader and a distribution strategist with a high level of technical expertise. "I am very pleased to be joining Navigators and looking forward to working with Chris Duca at this unprecedented time in our business," says Ms. Gregorio. "Today, more than ever, our clients and trading partners need to have a financially sound company behind them to ensure they can meet their own long-term goals. Navigators is such an organization."

The Navigators Group, Inc. is an international specialty insurance holding company with insurance company operations, underwriting management companies, and operations at Lloyd's of London. Headquartered in New York City, Navigators has offices in major insurance centers in the United States, the United Kingdom and Continental Europe.

This press release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Whenever used in this release, the words "estimate," "expect," "believe" or similar expressions are intended to identify such forward-looking statements. We cannot assure that results that we anticipate will be achieved, since results may differ materially because of known and unknown risks and uncertainties that we face. Please refer to Navigators' most recent Forms 10-K and 10-Q and its other filings with the Securities and Exchange Commission for a description of Navigators' business and the important factors that may affect that business. Navigator undertakes no obligation to publicly update or revise any forward-looking statement.