NEW YORK, NY, April 29, 2013 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NASDAQ:NAVG) today announced thatits principal underwriting agency subsidiary, Navigators ManagementCompany, Inc. (NMC), has named Henry A. Lopez as President of theProfessional Liability unit of Navigators Specialty. Mr. Lopez willbe responsible for the portfolio of professional liabilityproducts, reporting to Jeff L. Saunders, President of NavigatorsSpecialty. He will be based in the Company's Chicago office. The Professional Liability unit will continue to underwriteNavigators' existing E&O products, while expanding intoopportunistic niche areas and broadening product opportunities forits wholesale partners. Mr. Lopez most recently served as Zonal Vice President for theU.S. western & central zones of Navigators Management Company,Inc. Prior to joining Navigators in March 2011, he held variousleadership positions with the Markel Corporation. Mr. Lopez is alsoan active committee member of both the National Association ofProfessional Surplus Lines Offices, Ltd. (NAPSLO) and ProfessionalLiability Underwriting Society (PLUS). Mr. Saunders commented, "We are excited to launch theProfessional Liability unit within Navigators Specialty and pleasedto promote Henry into this important leadership position. Hisknowledge and experience in the professional lines arecomprehensive, and his strong relationships within the wholesaleinsurance community will bring a strong presence to our existingbusiness. We are confident that Henry will continue to strengthenour culture of underwriting excellence and specialization withinthe professional liability arena." Vincent C. Tizzio, President and CEO of Navigators ManagementCompany, Inc., commented, "We are pleased to announce the expansionof Navigators Specialty into professional liability and the factthat Henry Lopez is leading this exciting new unit. We are proud ofthe depth and strength of our underwriting team and believe in thecapability of our people to take on new endeavors. Henry'sbackground in professional liability and his many contributionssince joining Navigators will serve him well in this important newendeavor."
The Navigators Group, Inc. is an international specialtyinsurance holding company with insurance company operations,underwriting management companies, and operations at Lloyd's.Headquartered in New York, Navigators has offices in majorinsurance centers in the United States, the United Kingdom andContinental Europe.This press release may contain "forward-looking statements" asdefined in the Private Securities Litigation Reform Act of 1995.Whenever used in this release, the words "estimate," "expect,""believe," "may," "will," "intend," "continue" or similarexpressions are intended to identify such forward-lookingstatements. We cannot assure that results that we anticipate willbe achieved, since results may differ materially because of knownand unknown risks and uncertainties that we face. Please refer toNavigators' most recent Forms 10-K and 10-Q and its other filingswith the Securities and Exchange Commission for adescription of Navigators' business and the important factors thatmay affect that business. Navigators undertakes no obligation topublicly update or revise any forward-looking statement.
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