Navigators Launches Life Sciences Products Addressing Emerging Risks

/ Source: GlobeNewswire

NEW YORK, NY, June 16, 2011 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NASDAQ:NAVG) today announced that its principal underwriting agency subsidiary, Navigators Management Company, Inc., has introduced a new Global Life Sciences suite of products, Navigators LS Elite, a set of property & casualty products addressing the complex needs of the life sciences industry. These products are available for companies in North America, Europe and select countries in Central and South America.

"The new Navigators LS Elite suite of products provides an enhanced insurance solution for the life sciences industry, offering tailored coverage for a diverse range of risks ranging from products and professional liability to general liability and property," said Lyn Rossano, Senior Vice President and Head of Navigators Global Life Sciences. "LS Elite, coupled with the service capabilities of our global organization, provides a superior risk transfer solution for life science companies."

The Navigators LS Elite suite of products addresses unique property casualty exposures including emerging risks related to environmental and information technology exposures that have developed from rapid advancement in the development of new technologies and research methods. Included in this suite of new products are enhancements to the innovative Product Liability and Research Related Professional Liability products that originally positioned Navigators Global Life Sciences as a leading insurance provider for this industry sector. Lastly, the release also includes newly designed commercial package, auto liability and umbrella products.

The Navigators LS Elite suite of  policies are underwritten for U.S.-based companies by Navigators Insurance Company and Navigators Specialty Insurance Company, which are both rated "A" (Excellent) by A.M. Best, and for international companies through Navigators’ Lloyd’s platform, Syndicate 1221. Please consult your insurance broker and review the policy for coverage limitations, restrictions, exclusions, terms and conditions.

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 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 Lyn Rossano Navigators Global Life Sciences (267) 234-9879