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Navigators Launches Inland Marine Division.

NEW YORK -- The Navigators Group, Inc. (NASDAQ:NAVG) today announced that its principal underwriting agency subsidiary, Navigators Management Company, has established the Inland Marine Division. The Division will focus on traditional Inland Marine insurance products including Builders' Risk, Contractors' Tools and Equipment, Fine Arts, EDP Equipment and Motor Truck Cargo. The Inland Marine Division will be based in Navigators' New York City office and expects to develop a local presence in other existing Navigators U.S. offices in coming months.

Edward R. Helfers, Jr. has joined Navigators as President of the Inland Marine Division. Ed Helfers has an extensive inland marine underwriting background, most recently as Vice President of Inland Marine and Related Property for Firemen's Fund McGee Marine Underwriters. Lisa Uzzo has also joined Navigators as Regional Vice President of the Inland Marine Division and Joanne Stewart-Cicero will be the Inland Marine Claims Manager.

Navigators' Chief Executive Officer Stan Galanski commented, "Navigators is recognized as a leading underwriter of ocean marine insurance. Inland marine is an attractive niche in which we have sought to expand. We are delighted to have attracted an accomplished and recognized industry veteran to spearhead this effort. We expect there will be synergy not only with our ocean marine underwriting operations, but with our construction underwriting unit as well."

Ed Helfers commented, "I am pleased to join an organization with the established underwriting culture and specialty orientation of Navigators. The Inland Marine Division will compete on the basis of quality products, technical expertise and superb claims service, consistent with the philosophy of Navigators."

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" or similar expressions are intended to identify such forward-looking statements. We cannot assure that results which we anticipate will be achieved, since results may differ materially because of known and unknown risks and uncertainties which 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 which may affect that business. Navigators undertakes no obligation to publicly update or revise any forward-looking statement.
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Publication:Business Wire
Geographic Code:1USA
Date:May 9, 2006
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