Navigators Estimates Natural Catastrophe Losses for Third Quarter

Navigators Estimates Natural Catastrophe Losses for Third Quarter

STAMFORD, Conn., Oct. 05, 2017 (GLOBE NEWSWIRE) -- The Navigators Group, Inc.
(NASDAQ:NAVG) today announced that its estimated financial impact from natural
catastrophes in the third quarter will range from $50 to $70 million pre-tax
and $33 to $45 million after tax.

The company is providing these estimates, which include potential claims from
Hurricanes Harvey, Irma and Maria and the earthquakes in Mexico, because of
the unprecedented frequency and severity of natural catastrophe events during
the quarter. 

This range reflects management’s best estimates based on a review of its
potential exposures, preliminary discussions with certain counterparties and
catastrophe modeling techniques.  These estimates are subject to change due to
the complexity of the events and preliminary nature of the information
available. Updated loss estimates will be reflected in the company’s third
quarter 2017 results, when reported.

The Navigators Group, Inc. is an international specialty insurance holding
company with operations in the United States, the United Kingdom, Continental
Europe and Asia.

This press release may contain “forward-looking statements” as defined in the
Private Securities Litigation Reform Act of 1995.  Whenever used in this
release, the words “estimate,” “expect,” “believe” or similar expressions are
intended to identify such forward-looking statements.  Forward-looking
statements are derived from information that we currently have and assumptions
that we make. We cannot assure that results that we anticipate will be
achieved, since results may differ materially because of known and unknown
risks and uncertainties that we face.   Please refer to Navigators’ most
recent reports on Forms 10-K and 10-Q and its other filings with the
Securities and Exchange Commission for a description of Navigators’ business
and the important factors that may affect that business.  Navigators
undertakes no obligation to publicly update or revise any forward-looking

Ciro M. DeFalco
Executive Vice President and Chief Financial Officer

Courtney Oldrin
Head of Communications

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