A.M. Best Affirms Ratings of Navigators Insurance Company, its Subsidiary and The Navigators Group, Inc.

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating (ICR) of “a+” of Navigators Insurance Company and its wholly owned and 100% reinsured subsidiary, Navigators Specialty Insurance Company, collectively referred to as Navigators. Concurrently, A.M. Best has affirmed the ICR of “bbb+” and the debt ratings of “bbb+” on $265 million 5.75% senior unsecured notes due 2023, as well as the shelf ratings 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) [NASDAQ: NAVG]. The outlook for all ratings is stable. All companies are domiciled in New York, NY.