NEW YORK, NY, April 5, 2011 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NADAQ: NAVG) today announced that its principal underwriting subsidiary, Navigators Management Company, Inc., is continuing to expand its Professional Liability capabilities by partnering with the Herbert H. Landy Insurance Agency to provide Errors & Omissions Insurance to Real Estate Agents, Brokers and Appraisers. These new programs are expected to be available on a nationwide basis, effective June 1, 2011.
"We’re very excited about the opportunity to work with Navigators," states Betsy Magnuson, President of the Herbert H. Landy Insurance Agency. "Their Professional Liability team has extensive expertise in this class of business and this will provide us with a fresh perspective and enable us to bring innovative solutions to the marketplace. We anticipate that combining the strengths of our two organizations will be a win-win for our clients and trading partners throughout the country."
The new Real Estate Agents and Brokers and Real Estate Appraisers Errors & Omissions Programs will offer expanded coverage options, as well as higher limit capacity. Stacy Hoffman, SVP, Programs, is the manager for this new program at Navigators.
"We are pleased to be working with such a quality organization and seasoned staff of professionals at the Landy Agency," said Reina Gregorio, President of Professional Liability at Navigators. "The launch of these new programs continues to diversify and expand Navigators’ product offerings in the professional liability arena."
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.
CONTACT: Taha Ebrahimi Media Inquiries (914) 933-6209 tebrahimi@navg.com Stacy Hoffman, 267-234-9880 Senior Vice President, Programs shoffman@navg.com www.navg.com Betsy A. Magnuson, 781-292-5408 President, Herbert H. Landy Agency betsy@landy.com www.landy.com
