Saunders to Head Navigators Excess Casualty Unit

December 22, 2004

Navigators Management Company, a subsidiary of The Navigators Group, Inc., announced the formation of a new unit to expand its excess casualty business, specializing in commercial excess and umbrella liability insurance.

Jeff Saunders has been named Sr. VP of the Excess Casualty Division. Prior to joining Navigators, he was vice president of the CNA Insurance companies’ umbrella business. He previously worked for the Fireman’s Fund companies in various underwriting and management roles, involving umbrella, middle market and casualty line of business responsibilities.

Navigators CEO Stan Galanski noted: “Excess casualty is an attractive specialty product line. We are pleased to have an executive of Jeff’s credentials join our team to develop this business. He has an excellent track record of building and running operations, strong underwriting skills and a well established reputation. We believe the timing for this initiative is excellent, with ample opportunity overall and specifically in underserved market niches.”

“It is a privilege to join the Navigators’ team,” Saunders replied. “The Company’s focus on underwriting discipline and strong operating results is impressive. Following the core principles of Navigators, the Excess Casualty Division will emphasize technical expertise in this specialty business and deliver individual risk and program solutions through select wholesale brokers and retail agencies.”

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