A.M. Best Affirms Credit Ratings of The Navigators Group, Inc. and Its Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of Navigators Insurance Company and its wholly owned and 100% reinsured subsidiary, Navigators Specialty Insurance Company, collectively referred to as Navigators. Both companies are domiciled in New York, NY. Concurrently, A.M. Best has affirmed the Long-Term ICR of “bbb+” and the Long-Term Issue Credit Rating (Long-Term IR) on $265 million 5.75% senior unsecured notes due 2023, as well as the shelf rating of “bbb+” on senior unsecured notes, “bbb” on subordinated notes and “bbb-” on preferred securities of Navigators’ publicly traded ultimate parent, The Navigators Group, Inc. (NAVG) (Delaware) [NASDAQ: NAVG]. The outlook of these Credit Ratings (ratings) is positive.