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"The Nordic region is among the most innovative and burgeoning economies in the world," says Paul Hennessy, President, Navigators Holdings (UK), Ltd. "Denmark is ranked globally amongst the best business environments for directors and officers to operate a corporation, thus our initial focus will be on management and professional liability insurance. We believe having a local presence in Denmark is a strategic opportunity to extend our reach in Scandinavia and provide quality insurance solutions in line with Navigators' specialty niche focus. The opening of this office extends Navigators' global reach and commitment to the Nordic Region."
Navigators A/S will operate as a coverholder for Navigators Syndicate 1221 at Lloyd's of London, which is rated "A" (Excellent) by A.M. Best and A+ (Strong) by Standard & Poor's.
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. Frank McDonnell, 914-933-6270 Senior Vice President and Chief Financial Officer fmcdonnell@navg.com or Managing Director, NUAL AB Sverker Edstrom, +46 (8) 463 10 23 sedstrom@navg.com
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