Navigators Expands Professional Liability Division
The Navigators Group, Inc. (NADAQ: NAVG) today announced that is principal underwriting subsidiary, Navigators management Company, Inc., is continuing to expand its Professional Liability Division by partnering with the Herbert H. Landy Insurance Agency to provide Errors & Omissions Insurance to Real Estate Agents, Brokers, and Appraisers. This new program will be available on a nationwide basis, effective June 1, 2011.
"We're very excited about the opportunity to work with the Navigators team," states Betsy Magnuson, President of the Herbert H. Landy Insurance Agency." Their expertise in this class of business will provide us with a fresh perspective and enable us to bring innovative solutions to the marketplace. Combining the strengths of our two organizations will prove to be a win-win for our clients and trading partners throughout the country."
"We have worked hard to build a national reputation for exceptional service and innovative methods to assist our clients and agents in obtaining the best coverage" adds John Torvi, Director of Marketing and Sales for the Herbert H. Landy Insurance Agency. "We look forward to making it easier for our Agents to write business with us and to create new opportunities for success and growth."
The new Real Estate Agents and Broker and Real Estate Appraisers Errors & Omissions Program will offer a number of expanded/improved coverage options, higher limit capacity and multi-year options. Stacy Hoffman, SVP, Programs will have management responsibility for this book of business at 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, Insurance Agents, Accountants, Public Entity and lawyers. "I am thrilled to be working with such a quality organization and a seasoned staff of professionals at the Landy Agency," adds Stacy Hoffman.
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.
SOURCE: The Navigators Group, Inc.
The Navigators Group, Inc., www.navg.com
Taha Ebrahimi, 914-933-6209, tebrahimi@navg.com
Media Inquiries
or
Stacy Hoffman, 267-234-9880, shoffman@navg.com
Senior Vice President
Betsy A. Magnuson, 781-292-5408, betsy@landy.com
President, Herbert H. Landy Insurance Agency, Inc, www.landy.com
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