The Navigators Group has established Navigators Re, a unit focused on developing specialty assumed reinsurance business.
“As a global specialty insurer, there are certain product lines and geographies where a reinsurance approach is a more efficient and practical manner in which to participate in the market,” said Stan Galanski, president and CEO of Navigators.
Navigators Re will focus on specialty niches that provide geographic, product and cycle diversification.
Clay Bassett, Navigators’ chief underwriting officer and chief risk officer, has assumed the additional role of president of Navigators Re.
Joann DeBlasis has joined Navigators Re as president of the Accident & Health Division, underwriting both proportional and excess of loss treaty business covering medical health care exposures.
Ivan Vega has also recently joined Navigators Re, leading a Miami-based team focused on underwriting property treaty reinsurance business covering exposures in Central and South America and the Caribbean.
Rob Larson, who started the agriculture practice last year, will continue to lead that business.
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