Navigators and Protective Insurance Enter into Workers’ Compensation Underwriting Partnership
05 April 2018 - 6:25AM
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.
About NavigatorsThe 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
InsuranceProtective 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.
Media Contacts:
NavigatorsCourtney OldrinHead of
Communications203-905-6531coldrin@navg.com
Protective InsuranceLeila PaliziCommunications
& Events Specialist800-626-8381, ext
4765lpalizi@protectiveinsurance.com
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