Key Developments For Navigators Group Inc
Navigators Group Inc (NAVG.O) (Nasdaq)
The Navigators Group, Inc. Announces Share Repurchase Program
The Navigators Group, Inc. announced that its Board of Directors has adopted a stock repurchase program for up to $35 million of the Company's common stock. Repurchases may be made from time to time at prevailing prices in open market or privately negotiated transactions through December 31, 2010. The timing and amount of the repurchase transactions under the program will depend on a variety of factors, including the trading price of the stock, market conditions and corporate and regulatory considerations.
The Navigators Group, Inc. Opens Copenhagen Office
The Navigators Group, Inc. announced that its wholly owned subsidiary, Navigators Holdings (UK), Ltd., is continuing its strategy to expand the distribution of its current insurance products to the Nordic region by launching an underwriting operation in Copenhagen, Denmark, named Navigators A/S.
The Navigators Group, Inc.'s Navigators Management Expands Professional Liability Division By Partnering With Aon Corporate's Aon Affinity
The Navigators Group, Inc. announced that its principal underwriting agency subsidiary, Navigators Management Company, Inc., is continuing to expand its Nav Pro Professional Liability Division by partnering with Aon Affinity, a subsidiary of Aon Corporate, to provide professional liability coverage to property & casualty insurance agencies, available nationally to independent agents and agencies with up to $10 million in gross commissions. The new Agency Advantage Program includes an incentive for early claim resolution, a broad professional services definition inclusive of teaching accredited insurance courses and expert witness activities, and expanded coverage offerings to include Wholesalers, MGA and MGU firms. Stacy Hoffman, V.P. Programs, will have management responsibility for this book of business as well as other Professional Liability/Errors & Omissions Programs produced by Navigators.
The Navigators Group, Inc. Files Universal Shelf Registration Statement
The Navigators Group, Inc. announced that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission. This registration statement, once it becomes effective, will replace the Company's previous expiring shelf registration statement and will allow the Company to offer from time to time up to $500 million in various types of securities, including debt securities, common stock, preferred stock, depositary shares, warrants, units, stock purchase contracts, stock purchase units and, through certain capital trusts, trust preferred securities.
The Navigators Group, Inc. Announces Launch Of Navigators Logistics Insurance Services
The Navigators Group, Inc. announced the launch of Navigators Logistics Insurance Services, a division of Navigators Management Company, Inc. This new division will focus on servicing the needs of those U.S. based freight forwarders and other third-party logistics providers who prefer a direct business relationship with their insurer. Greg Horun has joined Navigators to lead this initiative, with over eighteen years of logistics insurance experience in a variety of underwriting and insurance brokering capacities. Greg Horun will be based in Navigators` Parsippany, New Jersey office.
