NEW YORK, NY, Sept. 3, 2013 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NASDAQ:NAVG), an international commercial property & casualty specialty insurance holding company, announced today that it has relocated its corporate headquarters to 400 Atlantic Street in Stamford, CT from its previous Rye Brook, NY location.
"We are very excited and optimistic as we enter the next phase of our corporate growth following the relocation of our headquarters to Stamford," said Stanley A. Galanski, President and Chief Executive Officer of The Navigators Group, Inc. "We believe that the vibrant business community in Stamford and the growing insurance component of that community create the right environment for our headquarters, along with the advantages of Stamford's transportation hub and plentiful support services. When we began to evaluate our options and entered into discussion with the State of Connecticut, we were very impressed not only with the financial incentives offered to us, but by the personal involvement of Connecticut Governor Dan Malloy, Insurance Commissioner Tom Leonardi and Economic Development Commissioner Catherine Smith. They made it very clear that they felt Navigators to be an attractive, growth-oriented company they wanted to bring to their state. They succeeded in making a compelling case for us to make the move to Connecticut and become a vital part of the state's world-leading insurance marketplace. We look forward to growing our presence in Connecticut and to being an active participant in the local community."
The Navigators Group, Inc. is an international specialty insurance holding company with insurance company operations, underwriting management companies, and operations at Lloyd's. With its corporate headquarters in Connecticut and insurance operations based in New York and London, 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.
Taha Ebrahimi (212) 613-4288 www.navg.com
The Navigators Group, Inc.
Rye Brook, New York, UNITED STATES
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