The Hartford to acquire Navigators

“This transaction will result in the realization of significant value for our stockholders,” said Stanley A. Galanski, Navigators President and Chief Executive Officer. “It is a testament to the calibre and dedication of our people and the strength of our underwriting culture.”

The transaction, which was unanimously approved by Navigators’ Board of Directors, is subject to regulatory and stockholder approvals and other customary closing conditions, and is expected to close in the first half of 2019.

The Navigators Group is a global specialty insurance holding company serving maritime, construction, energy, environmental, professional services and life sciences.

By Jake Frith