Navigators Management Company Inc., a subsidiary of The Navigators Group Inc. has signed a definitive agreement to acquire the renewal rights to the directors’ and officers’ liability and employment practices liability policy portfolio of Genesis Professional Liability Managers Inc.
The transaction does not include any past or existing liabilities of the policy portfolio.
Chris Duca, president of Navigators Pro, a division of Navigators Management Company said: “This acquisition is a strategic fit with Navigators Pro’s core business of D&O and EPL coverages and will expand our distribution network.”
The Navigators Group Inc. is an international 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 Belgium. Navigators Insurance Company and NIC Insurance Company are rated “A” (Excellent) by A.M. Best and “A” (Strong) by Standard & Poor’s. Navigators Pro specializes in management and professional liability insurance products.
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