Navigators to Offer Personal Umbrella Coverage to Members of the American Bar Association - Insurance News | InsuranceNewsNet

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May 20, 2009 Property and Casualty News
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Navigators to Offer Personal Umbrella Coverage to Members of the American Bar Association

NEW YORK--(BUSINESS WIRE)-- The Navigators Group, Inc. (NASDAQ:NAVG) today announced that its principal underwriting agency subsidiary, Navigators Management Company, Inc., has partnered with American Bar Insurance Plan Consultants (ABI) to offer personal umbrella coverage for the over 400,000 members of the American Bar Association (ABA), the largest voluntary professional membership organization in the world.

Navigators Management Company, Inc., a leading underwriter of professional liability insurance to law firms, also specializes in writing personal umbrella and personal excess coverage for individuals and groups. Navigators developed a new personal umbrella policy with a specifically tailored ABA endorsement.

“In today’s marketplace, when the number of uninsured/underinsured drivers in the United States is growing, we felt ABA members should have this coverage available,” said ABI President J. David Andrews, former ABA Treasurer.

"We are very excited to be providing this coverage to members of the ABA," said Bill Gatewood, Personal Lines Executive for Navigators. "The ABA is a prestigious organization. This partnership with the ABI certainly expands our presence in the affinity marketplace. Our policy administration system and insurance policy combine to provide an innovative solution to what has historically been a difficult or inefficient insurance placement."

The Navigators ABA-tailored umbrella policy is currently admitted in 33 states. American Bar Association members interested in purchasing this coverage can visit www.abiexcess.com for more information.

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.

American Bar Insurance Plans Consultants, Inc. was established in 1989 as a wholly-owned for-profit subsidiary of the American Bar Endowment. The ABE is a non-profit membership organization consisting of ABA members. It offers unique group insurance programs in which ABA/ABE members are asked to donate dividends to the Endowment to support its program of grants to support research, education and public service in the field of law. ABI sponsors insurance programs for ABA members that do not lend themselves to the Endowment’s dividend contribution structure. ABI is paid compensation by the underwriters of the programs it sponsors and dividends an appropriate portion of its net profits to the Endowment to support its charitable work.

With more than 400,000 members, the American Bar Association is the largest voluntary professional membership organization in the world. As the national voice of the legal profession, the ABA works to improve the administration of justice, promotes programs that assist lawyers and judges in their work, accredits law schools, provides continuing legal education, and works to build public understandingaround the world of the importance of the rule of law.

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.

The Navigators Group, Inc.

Media Inquiries

Taha Ebrahimi, 914-933-6209

[email protected]

or

Personal Lines Inquiries

Bill Gatewood, 312-506-8141

[email protected]

www.navg.com

Source: The Navigators Group, Inc.

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