NEW YORK, NY, July 15, 2013 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NASDAQ:NAVG) today announced that its principal underwriting agency subsidiary, Navigators Management Company, Inc. (NMC), has named Timothy D. Ryan as President of the Excess Casualty unit of Navigators Specialty, which focuses exclusively on U.S. wholesale brokers.
Prior to joining Navigators, Mr. Ryan was Executive Vice President & Chief Excess Casualty Officer at Aspen Insurance. He has also served in various leadership positions with Carolina Casualty Insurance Company (W.R. Berkley) and General Star Management Company (General Re). He reports to Jeff L. Saunders, President of Navigators Specialty, who has until now also served as President of the Specialty Excess Casualty unit.
"Tim's proven casualty expertise, comprehensive knowledge of the wholesale distribution channel, and practiced business discipline are a strong fit for Navigators' underwriting-focused culture, and we are pleased to welcome him," commented Mr. Saunders.
The Navigators Group, Inc. is an international specialty insurance holding company with insurance company operations, underwriting management companies, and operations at Lloyd's. Headquartered in New York, 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.