The Navigators Group Inc. announced that its principal insurance company subsidiary, Navigators Insurance Company, has entered into an agreement with Smith, Bell & Thompson, Inc. (SB&T) to underwrite property/casualty insurance products for the Forest Products industry.
The Lumber Insurance Program was designed to deliver a comprehensive insurance program that addresses the unique challenges associated with the wood products industry. The program will be administered by the Managing Agency Group (MAG) division of Smith, Bell & Thompson in its Syracuse, N.Y., office, and will be available to brokers in all states except Alaska and Hawaii.
“We are extremely pleased to join forces with SB&T/MAG to provide innovative insurance solutions for the Forest Products industry,” said Rick Cullen, president of Navigators’ Specialty Program Division. “Their focus and underwriting expertise within this industry was a key component in our decision to move forward with this program.”
“Working more closely with Navigators presents a great opportunity to further specialize in the development, distribution and growth of program business throughout the industry,” said Peter
Plumb, executive vice president of Smith, Bell & Thompson.
Source: Navigators Group Inc.,
www.navg.com
Was this article valuable?
Here are more articles you may enjoy.
United Airlines Seeks to End Lawsuit Over Windowless ‘Window Seats’ 
Authorities in Miami Investigating Death of Passenger on Cruise Ship 
Five Reasons Why the US Escaped a Hurricane Landfall So Far This Year 
Catastrophe Bonds Absorb ‘Black Swan’ Event Dealt by Melissa 
