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Navigators Expands Professional Liability Division by Partnering with Aon Affinity

 

Wednesday, Jul 22,2009, 11:23:46 AM   Click:

NEW YORK--(BUSINESS WIRE)-- The Navigators Group, Inc. (NASDAQ:NAVG) today announced that its principal underwriting agency subsidiary, Navigators Management Company, Inc., is continuing to expand its Nav Pro Professional Liability Division by partnering with Aon Affinity, a subsidiary of Aon Corporate (NYSE: AOC), to provide professional liability coverage to property & casualty insurance agencies, available nationally to independent agents and agencies with up to $10 million in gross commissions.

The new Agency Advantage Program includes an incentive for early claim resolution, a broad professional services definition inclusive of teaching accredited insurance courses and expert witness activities, and expanded coverage offerings to include Wholesalers, MGA and MGU firms. Stacy Hoffman, V.P. Programs, will have management responsibility for this book of business as well as other Professional Liability/Errors & Omissions Programs produced by Navigators.

Stacy is highly respected in the insurance industry for both her technical expertise in the professional liability lines as well as her program management skills, adds Reina Gregorio, President of Professional Liability. Stacy has successfully managed Program business for over 20 years, including Real Estate E&O, Accountants, Insurance Agents, Public Entity and Dentists. She and her team are actively pursuing new Professional Liability Program opportunities with Managing General Underwriters/Agents who have demonstrated expertise in a specific class of business, solid distribution reach and the infrastructure to support the business.


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, may, will, intend, continue 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. Navigators undertakes no obligation to publicly update or revise any forward-looking statement.



The Navigators Group, Inc.

Taha Ebrahimi, 914-933-6209

Media Inquires

tebrahimi@navg.com

or

Stacy Hoffman, 267-234-9880

Vice President

shoffman@navg.com

www.navg.com

Source: The Navigators Group, Inc.

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