Navigators Group Announces Management Changes for International Segment
(Thomson Reuters ONE) -
STAMFORD, Conn., June 12, 2015 (GLOBE NEWSWIRE) -- The Navigators Group, Inc.
(Nasdaq:NAVG) announced today two changes to the leadership of its international
insurance segment that will better position the Company for ongoing profitable
growth. These changes are subject to required regulatory approval.
Carl Bach III, President of Navigators Pro, the Company's international
management and professional liability insurance division, has been promoted to
Managing Director of Navigators Underwriting Agency Limited and President of
London Market Insurance. Mr. Bach joined Navigators in 2009 and has led the
successful expansion of the international operations of Navigators Pro and the
Company's product expansion into international casualty. Mr. Bach will report
to Paul Hennessy, who continues as President of International Insurance.
Colin Sprott, President of Global Marine, has been promoted to Chief
Underwriting Officer of International Insurance and Active Underwriter of
Lloyd's Syndicate 1221. Mr. Sprott joined Navigators in 2013 to lead the
Company's Global Marine Practice. Mr. Sprott will report to Paul Hennessy, with
a matrix reporting relationship to Clay Bassett, Jr., Navigators Group Chief
Underwriting Officer.
Printhan Sothinathan will continue to be responsible for the leadership of the
six European branch offices as President of Navigators Underwriting Ltd., the
Company's European underwriting agency. He will continue to work closely with
Bach, Hennessy and Sprott in developing the Company's international strategy and
platform, including plans for the formation of Navigators International
Insurance Company.
Stan Galanski, President and CEO of The Navigators Group, said, "We are pleased
to announce these new executive responsibilities within our international
insurance segment. These changes will more effectively support our traditional
London market business in marine, energy, international D&O and professional
liability; more recent initiatives such as international casualty; new products
currently under development; and the ongoing expansion of our six European
branch offices."
The Navigators Group, Inc. is an international specialty insurance holding
company with insurance company operations, underwriting management companies and
operations at Lloyd's. The Company has offices in the United States, the United
Kingdom and Continental Europe, as well as representative offices in China and
Brazil.
The Navigators Group, Inc. logo is available
at http://www.globenewswire.com/newsroom/prs/?pkgid=7778
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 the Company's December 31, 2014 Form 10-K and
subsequent filings with the Securities and Exchange Commission for a description
of its business and the important factors that may affect that business. The
Company undertakes no obligation to publicly update or revise any forward-
looking statement.
CONTACT: Media Inquiries:
Evelyn Jenkinson
Director, Corporate Communications
ejenkinson(at)navg.com
(203) 905-6685
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The Navigators Group, Inc. via GlobeNewswire
[HUG#1928074]
Unternehmensinformation / Kurzprofil:
Datum: 12.06.2015 - 12:30 Uhr
Sprache: Deutsch
News-ID 400100
Anzahl Zeichen: 4438
contact information:
Town:
Rye Brook
Kategorie:
Business News
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