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Navigators Launches Environmental Unit

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^{Published in Business and Finance on Monday, December 22nd 2008 at 8:07 GMT, Last Modified on 2008-12-22 08:08:05 by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--The Navigators Group, Inc. (NASDAQ:NAVG) today announced that its principal underwriting agency subsidiary, Navigators Management Company, has established Navigators Environmental. This business unit will focus on underwriting specialized environmental insurance products on a global basis.

Adrien Robinson, J.D., P.E., has joined Navigators as Vice President and Environmental Practice Leader, and will be located in the Company's Chicago office. With a background in law, engineering and insurance, as well as over 14 years of experience in the environmental industry, Mr. Robinson has been a frequent lecturer to businesses, insurance brokers, and bar associations on the various benefits and uses of environmental insurance to mitigate the numerous risks created by today's complex regulatory environment.

"We are extremely pleased to have Adrien and his team join Navigators," says Christopher Day, President of the Company's Primary Casualty division. "The Environmental business is a natural complement to our existing suite of specialty insurance products and we see tremendous opportunities to sell environmental insurance alongside existing construction, marine and energy business. In addition, we will offer monoline pollution coverage for a wide range of contracting and site-based risks, including complex real estate transactions. With Adrien's deep experience in underwriting environmental exposures, he can help companies recognize vulnerabilities and offer tailored insurance solutions."

"I am pleased to join an organization with a reputation for specialized world-class underwriting, a dedication to expeditious claims resolution and customer service," says Robinson. "I look forward to working with our other business units to provide our insureds with the tools necessary to mitigate the growing range of environmental risks they face on a daily basis."

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.