A.M. Best Revises Outlooks to Positive for Navigators Insurance Company, Its Subsidiary and The Navigators Group, Inc.

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (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 revised the outlook to positive from stable and 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 October 2023, as well as the shelf rating of “bbb+” on senior unsecured notes, “bbb” on subordinated notes and “bbb-” on preferred securities of Navigator’s publicly traded ultimate parent, The Navigators Group, Inc. (NAVG) (Delaware) [NASDAQ:NAVG].