The Navigators Group, Inc. (NASDAQ:NAVG) today announced that its principal underwriting agency subsidiary, Navigators Management Company, Inc., has introduced a foreign package coverage called NAV PAC Global (NPG).
Industry veteran, Susan Fontaine, has been hired to lead this initiative as Senior Vice President and Practice Leader. “The combination of coverages available on the NAV PAC Global policy will protect the global exposures of United States businesses,” says Ms. Fontaine. “Our new Employee Foreign Protection Coverage greatly simplifies the protection available for traveling employees by combining Business Travel Accident Coverage with Voluntary Compensation and Employer’s Liability to provide true 24/7 coverage. Our built-in definition of ‘employee’ is broad and covers volunteers and temp employees and can be extended to cover others as designated by the employer.”
“With an increase in U.S. companies expanding and doing business globally comes an increase in risk and exposure,” comments Stan Galanski, President and Chief Executive Officer of The Navigators Group, Inc. “NAV PAC Global provides critical protection for companies whose employees travel outside the U.S. to conduct business.”
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" 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. Navigator undertakes no obligation to publicly update or revise any forward-looking statement.