The Navigators Group
The Navigators Group, a specialty insurance holding company, plans to move its corporate headquarters from New York to Stamford, adding 200 jobs in Connecticut within the next five years.
Stanley Galanski, The Navigators Group president and CEO, said the firm expects to finish the move from Stamford around Labor Day. The company began in 1974 as a family-owned underwriter specializing in ocean marine insurance.
Frasco Investigative Services, a national insurance investigation corporation, opened a new Midwest regional office. Centrally located in the Chicago area, the office is headed by regional manager Richard Cyr, who is an industry veteran with more than 20 years of experience.
In addition to the Chicago office, Frasco has seven offices along the West Coast, as well as a Northeast Regional office in Boston that provides local coverage for clients in the Northeastern and Mid-Atlantic Regions.
Southport Lane, Dallas National Insurance Co.
Southport Lane, a New York-based private equity firm, completed its acquisition of Dallas National Insurance Co., a Texas-based property and casualty insurer specializing in general liability and workers’ compensation.
Under the terms of the transaction, Southport Lane will make a $50 million investment in Dallas National, raising its capital and surplus to $107.5 million, and will acquire 100 percent voting control through an investment subsidiary. The acquisition has been approved by the Texas Department of Insurance and the Delaware Department of Insurance. The company’s core operations will remain in Texas.
Rimkus Consulting Group, a forensic engineering consulting service, has opened new office in Salt Lake City.
The new office is led by Rimkus District Manager Christopher R. Grubbs. The addition of this location will provide increased regional coverage while providing a full complement of forensic engineering and professional consulting services.
The Salt Lake City office will work with the local market to address a variety of issues involving property damage, construction defects, fire and explosions, vehicle accidents, and product failures, the company said.
GEICO plans to fill 400 new positions in sales, claims and customer service in Arizona by the end of 2013. The Tucson office opened for business in April 2003 with fewer than 50 associates. Within five years, the office expanded to 800 associates as it gained market share. The regional office employs more than 1,200 associates.
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