The Navigators Group, Inc. (NASDAQ:NAVG) today announced the hiring of Paul Hennessy as President, Navigators Holdings (UK), Ltd. Mr. Hennessy will be responsible for Navigators´ operations in Europe, the Middle East and Asia, and will report to Navigators President and Chief Executive Officer Stan Galanski.
Mr. Hennessy has more than 35 years of international property/casualty underwriting and underwriting management experience. He spent 22 years with the Chubb Group of Insurance Companies in a variety of assignments, including European Commercial Customer Group Manager and 10 years with CNA, including five years as Chief Underwriting Officer of CNA Europe. Mr. Hennessy is a graduate of the University of Exeter and holds the designation of Associate of Chartered Insurance Institute.
Mr. Galanski commented, "We are pleased to welcome Paul to Navigators. We have significantly expanded our footprint in Europe with the establishment of offices in Antwerp and Stockholm, in addition to our London–based business units. Paul´s hire reflects our commitment to our Lloyd´s and U.K. branch operations, as well as our expectations for future expansion in Europe, the Middle East and Asia."
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" 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.
