Business & Finance
Business and Finance
Business and Finance
Tue, January 20, 2009 Navigators Enhances Service to Logistics Industry Clients
NEW YORK--([ BUSINESS WIRE ])--The Navigators Group, Inc. (NASDAQ:NAVG) today announced the launch of Navigators Logistics Insurance Services, a division of Navigators Management Company, Inc. This new division will focus on servicing the needs of those U.S. based freight forwarders and other third-party logistics providers who prefer a direct business relationship with their insurer. Greg Horun has joined Navigators to lead this initiative, with over eighteen years of logistics insurance experience in a variety of underwriting and insurance brokering capacities. He will be based in Navigators' Parsippany, New Jersey office.
"Navigators is a leading Insurer in the Freight Forwarder/ Logistics industry. With the disruption in this niche market among both the specialty brokers and underwriters, many of our insureds have expressed the desire for a stable and more direct relationship with their insurer," said Michael Civisca, President of the Marine Division of Navigators Management Company. "We have formed this new unit as part of our commitment to providing superb customer service to our logistics industry clients, whether through our internet-based cargo insurance products or the other specialty property/casualty insurance products designed for this industry niche. As our U.S. customers have become increasingly concerned about the financial strength of their insurance carriers, Navigators' ‘A' financial strength rating provides them with peace of mind."
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.
