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

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a+” of Navigators Insurance Company (Navigators) and its wholly owned and 100% reinsured subsidiary, Navigators Specialty Insurance Company (Specialty). Concurrently, A.M. Best has affirmed the ICR of “bbb+” of Navigators’ publicly traded ultimate parent, The Navigators Group, Inc. (Navigators, Inc.) (NASDAQ: NAVG). A.M. Best also has affirmed the debt ratings of “bbb+” on $114 million senior unsecured notes and the shelf ratings of “bbb-“on preferred securities, “bbb” on subordinated notes and “bbb+” on senior unsecured notes of Navigators, Inc. The outlook for all ratings is stable. All companies are domiciled in New York, NY.