NEW YORK, March 31, 2011 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NASDAQ:NAVG) today announced that its operating subsidiaries’ ‘A’ (Stable) rating has been reaffirmed by Standard & Poor’s (S&P).
Commenting on the report, Stanley A. Galanski, President and Chief Executive Officer, stated, "We are pleased to maintain ratings that provide our agents, brokers and policyholders with confidence in our balance sheet and claim-paying capabilities. Coupled with our conservative investment philosophy, this reinforces our commitment to a long-term perspective on prudent risk management."
The ratings report can be found on the Navigators website at:
Standard & Poor’s is a global provider of independent investment data, valuation analysis and opinions, including credit ratings on insurance agencies. Detailed ratings reports are available at
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
