RYE BROOK, NY, June 25, 2012 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NASDAQ:NAVG) today announced the hiring of Jennifer Yang as Chief Risk Officer. Ms. Yang will be responsible for oversight of enterprise risk management on a global basis, reporting to Ciro M. DeFalco, Senior Vice President and Chief Financial Officer.
Ms. Yang received a B.S. in Applied Chemistry from Beijing University, a B.S. in Computer Science from State University of New York at Stony Brook, and her M.B.A. from the Stern School of Business at New York University. She has an extensive background in risk management and capital modeling, most recently with the Chartis unit of AIG.
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, 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.