STAMFORD, Conn., April 04, 2018 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NASDAQ:NAVG) and Protective Insurance (NASDAQ:BWINA) (NASDAQ:BWINB) today announced they have entered into an underwriting partnership to offer workers’ compensation to Navigators’ insureds. The partnership supports Navigators’ continued strategic expansion of multiline insurance policies that bundle together various coverages for a broad range of liability exposures.
Workers’ compensation will now be available as a coverage option in Navigators’ portfolio of industry-specific multiline products, which provides tailored protection for the specific, nuanced risks faced by the industries in which Navigators has deep expertise. Navigators’ multiline policies are currently available for the media, arts and entertainment, life sciences, allied health care, technology and manufacturing industries.
“Leveraging Protective’s longstanding expertise, we were able to respond to our clients’ needs and their requests that we offer workers’ compensation insurance as part of our suite of multiline policies. Protective is a partner that brings high-quality solutions in this area of the market,” said Vincent C. Tizzio, President, U.S. Insurance. “The addition of workers’ compensation insurance further enhances the customized solutions we deliver via our multiline products, which remove the complexity of placing and structuring multiple lines of insurance with various carriers.”
“Both Protective and Navigators are leaders in our respective markets, strategically developing and honing extensive knowledge and capabilities within our core areas of expertise,” said Randy Birchfield, President and Chief Executive Officer at Protective Insurance. “I am confident that our workers’ compensation know-how will add value for Navigators’ insureds by meeting their key coverage needs.”
If you would like to learn more, please contact Adrien Robinson, President, U.S. Commercial, ARobinson@navg.com or 312 506-8169.
The Navigators Group, Inc. (NASDAQ:NAVG) is a global specialty insurance holding company. We provide customized insurance solutions designed to protect clients from the complex risks they face. For more than 40 years, Navigators has added value for broker partners and their clients — both in underwriting and in claims — through the depth and quality of our technical and industry expertise. Industries we serve include maritime, construction, energy, environmental, professional services and life sciences. Headquartered in Stamford, Connecticut, Navigators has offices in the United States, the United Kingdom, Continental Europe and Asia.
About Protective Insurance
Protective Insurance delivers the highest-quality, customized insurance products through its underwriting companies, Protective Insurance Company, Sagamore Insurance Company, and Protective Specialty Insurance Company. Protective Insurance provides liability and workers’ compensation coverage for trucking and public transportation fleets, along with trucking industry independent contractors. Additionally, Protective Insurance offers workers’ compensation coverage for a variety of industries. Protective Insurance Company is based in Carmel, Indiana and has a financial rating of A+ (Superior) by A.M. Best. For more information, visit www.protectiveinsurance.com.
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Source: The Navigators Group, Inc.