NEW YORK--(BUSINESS WIRE)--The Navigators Group, Inc. (NASDAQ:NAVG - News) today announced the following management appointments at Navigators Management Company, Inc. (NMC), its principal U.S. underwriting agency:
Christopher Duca has been promoted to President and CEO of NMC, reporting to Stanley Adam Galanski, who will serve as Chairman of NMC and will continue to serve as President and CEO of The Navigators Group, Inc. and the insurance company subsidiaries. Mr. Duca joined the Company in 2001 and has been responsible for NMC’s management liability, professional liability and casualty business. He will continue to maintain direct responsibility for Navigators’ global management and professional liability business, and for specialty casualty business.
Michael Civisca has been promoted to Executive Vice President and Chief Operating Officer of NMC, reporting to Mr. Duca. Mr. Civisca joined the Company in 1987 and has most recently been responsible for the marine, energy, inland marine and commercial multi-peril business of NMC.
Ed Helfers has been named President of NMC’s Marine Division, reporting to Mr. Civisca. Mr. Helfers joined the Company in 2006 to form the Inland Marine Division, which he will continue to manage.
Lori Ann Lowery has joined Navigators in the newly-created position as President of Field Operations. Ms. Lowery most recently served as President of Lloyd’s Inc., North America. She is recognized as an insurance industry leader, with 22 years of experience including executive positions at Wells Fargo Insurance Services and Marsh, as well as being named to Business Insurance’s 2008 “Women to Watch.” She will be responsible for NMC’s marketing, sales, distribution management and overall oversight of U.S. regional management across all product lines, reporting to Mr. Civisca.
Commenting on the appointments, Navigators President and CEO, Mr. Galanski, comments, “We are delighted to promote Chris Duca and Mike Civisca to lead our U.S. underwriting operations. Having worked closely with them for the past eight years, both have demonstrated their competence by expanding the scope of their management responsibility beyond their native underwriting disciplines. I am confident they are well prepared to meet the expected challenging and changing market conditions ahead.” Mr. Galanski continues, “We are also pleased to expand Ed Helfers’ responsibilities to encompass our U.S. marine business, which is our flagship product line. We welcome Lori Ann Lowery to Navigators with a genuine excitement for how her marketing and business development skills will enhance our cross-marketing and distribution management initiatives. These promotions will position us to more effectively manage the continued growth of our existing business and the expansion of our product offerings.”
“I am thrilled to be joining such a dynamic and forward-thinking Company as Navigators,” adds Ms. Lowery. “The team assembled has a vision and a strategy for the future that is extraordinarily exciting."
The Navigators Group, Inc. is an international 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 Belgium.
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.
Francis W. McDonnell, 914-933-6270
Senior Vice President and Chief Financial Officer
fmcdonnell@navg.com
www.navg.com
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