Navigators Expands Excess & Surplus Lines Business

May 17, 2006

Navigators Management Company, the principal underwriting agency subsidiary of The Navigators Group Inc., has established a new Primary Casualty Division to be based in Chicago.

Christopher Day has joined Navigators as president of the Primary Casualty Division. The Division will focus on primary casualty business produced by wholesale insurance brokers, and will underwrite construction business east of the Rocky Mountains and non-construction risks countrywide. Business will be underwritten on behalf of NIC Insurance Company rated “A” (Excellent) by A.M. Best and Standard and Poor’s.

“Navigators has a strong presence and market reputation in the western states construction liability market,” said Navigators Specialty President Noel Higgitt. “Chris Day and his team will expand the geographic reach of our construction underwriting to the midwest and east coast while serving as the center of excellence for non-construction segments like manufacturing, real estate and the service industries.”

“The excess and surplus lines market provides significant opportunity for disciplined underwriters,” Chris Day commented. “The Primary Casualty Division will build upon Navigators’ strong underwriting culture and niche orientation to provide a high quality technical underwriting solution to a select group of professional surplus lines brokers.”

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.

Source: The Navigators Group

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