Navigators Announces Executive Appointments

/ Source: GlobeNewswire

NEW YORK, NY, April 4, 2011 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NASDAQ:NAVG) today announced that its principal underwriting agency subsidiary, Navigators Management Company, Inc. (NMC), has appointed Henry A. Lopez as Regional Vice President-Central Region, Mark J. Richards as President of the Primary Casualty division, and Lisa M. Uzzo as President of the Inland Marine division.

Christopher Duca, President and CEO of NMC commented, "Henry, Mark and Lisa are all proven leaders who will drive Navigators' innovative insurance solutions in the specialty property and casualty marketplace. We’re pleased to welcome Mark and Henry to Navigators and congratulate Lisa on her new responsibilities."

Mr. Lopez will lead the management of all insurance products distributed in NMC’s Central Region, which includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wisconsin. Prior to joining Navigators, he was Regional President for the Midwest region at Markel Corporation.

Mr. Richards will lead the Primary Casualty division of NMC, which is a premier provider of high quality general liability and environmental liability coverage for contractors, product manufacturers, distributors, industrial, commercial and real estate risks. Prior to joining Navigators, he was Senior Vice President at Colony Insurance Company, a division of the Argo Group.

Ms. Uzzo will lead NMC’s Inland Marine division, which offers a wide range of inland marine products, including commercial output policy for manufacturers, warehousing specialists and contractors; builders risk for the construction industry; specialty coverages, including for cash in transit and fine arts; and coverage for motor truck cargo and logistics. Ms. Uzzo was previously Senior Vice President of Navigators’ Inland Marine division since 2006.  

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 Henry Lopez Regional Vice President, Central Region (312) 506-8147 Mark Richards President, Primary Casualty (312) 506-8160 Liza Uzzo President, Inland Marine (212) 613-4314