STAMFORD, CT, Feb. 10, 2015 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NASDAQ:NAVG) announced today that Navigators Underwriting Agency Ltd, its wholly owned Lloyd's managing agency subsidiary, has created an International Casualty division. This unit will offer a range of liability solutions across three main product lines: General Liability, Environmental Impairment Liability, and Life Sciences.
Wayne Harrington has joined Navigators as Head of International Casualty and will be located in the Company's London office. With a background in environmental and liability solutions, and more than 18 years of experience in the London insurance arena, Mr. Harrington has been instrumental in raising awareness of environmental risks with brokers, clients and insurers while developing innovative products and distribution to satisfy increased demand.
"We are pleased to establish our first casualty underwriting unit focused on business outside the United States," said Company President and CEO Stan Galanski. "Wayne's background in specialty casualty fits perfectly with our goal to expand our existing product capabilities into new international markets."
"We plan to build upon the success we've experienced in specialty and casualty product lines, such as environmental, life sciences, excess casualty," said Carl Bach, III, President of the Company's International NavPro and Casualty division. "We are delighted to have Wayne aboard to lead the expansion of this core product offering on both a primary and excess basis."
Added Wayne, "I see tremendous potential for Navigators in the international casualty market, and I am excited and eager to begin working with the team to build 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. The Company has offices in the United States, the United Kingdom and Continental Europe, as well as representative offices in China and Brazil.
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 the Company's most recent Forms 10-K and 10-Q and its other filings with the Securities and Exchange Commission for a description of its business and the important factors that may affect that business. The Company undertakes no obligation to publicly update or revise any forward-looking statement.