STAMFORD, Conn., Feb. 01, 2017 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NASDAQ:NAVG) announced today the appointment of Jacob Ingerslev to the newly created position of Global Practice Leader for Cyber Liability.
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Mr. Ingerslev will be responsible for leading Navigators’ Cyber Liability practice, including product development, line management and advancement of the company’s global cyber initiative. He will focus on further enhancing the company’s suite of cyber and technology insurance products and expanding their reach to the various marketplaces in which Navigators operates globally. Mr. Ingerslev will report to Vincent C. Tizzio, President of U.S. Insurance, and Michael J. Casella, President of International Insurance.
“As the economy has become increasingly interconnected, so have the cyber exposures of single-country and multinational corporations,” commented Mr. Tizzio. “Under Jacob’s leadership, the Navigators global cyber initiative will combine the strength of our global presence with our commitment to providing tailored solutions for nuanced insurance needs, helping insureds manage their risk wherever they operate and face potential cyber liability exposure.”
Mr. Casella added, “Cyber risks are uniquely borderless, both in terms of geographic reach and how these exposures fit into traditional risk-transfer products. Jacob’s experience and expertise make him uniquely qualified to manage our growth in this fast-growing marketplace, and to deliver deep perspective and significant value to the clients we serve.”
Mr. Ingerslev most recently served as an advisor to global cyber security software provider Symantec. He has held leadership positions at CNA, Chubb, Zurich and Gerling Scandanavia. Mr. Ingerslev received a Master of Laws degree from Aarhus University in Denmark, where he began his insurance career.
The Navigators Group, Inc. is an international specialty insurance holding company with insurance company operations and underwriting management companies, including operations at Lloyd's. Navigators has offices in the United States, the United Kingdom and Continental Europe, Hong Kong as well as a representative office in China.
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," "may," "will," "intend," "continue" or similar expressions are intended to identify such forward-looking statements. 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 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 statement. Navigators, its logo and the tagline, “Insuring a World in Motion,” are registered trademarks of The Navigators Group, Inc.
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Source:The Navigators Group, Inc.