Business & Finance
Business and Finance
Business and Finance
Fri, January 16, 2009
Thu, January 15, 2009 Navigators Expands International Management Liability Division
NEW YORK--([ BUSINESS WIRE ])--The Navigators Group, Inc. (NASDAQ:NAVG) today announced an initiative to continue expanding and strengthening its management liability division by appointing Carl Bach, III as Senior Vice President of Navigators Pro International Management Liability Division. Mr. Bach is joined by a team of dedicated and experienced international D&O underwriting professionals in the Company's London office. Most recently, Mr. Bach was Managing Director, London Branch of AIG Cat Excess Liability, responsible for the Excess International Management Liability and Excess Liability operations.
"Carl and the team are recognized as leaders in the Excess International D&O marketplace," states Scott Misson, President of the Management Liability Division of Navigators. "Navigators has prudently, diligently and profitably grown its international management liability book of business. We are well-positioned to provide insurance solutions to the growing imbalance of supply and demand for management liability products offered by high-quality insurers with excellent financial strength."
"We will be offering a complete suite of products including public company D&O, privately held D&O, employment practices liability, fiduciary and crime insurance to companies based in Europe, Asia, Australia, South America, Mexico and Canada," says Mr. Bach, "I am excited about expanding our product offerings and contributing to Navigators' successful track record."
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.
