| Business Summary | | The
Navigators
Group,
Inc.
is
a
holding
company
that
conducts
its
insurance
operations
through
16
wholly
owned
subsidiaries.
The
business
written
by
the
Company
is
primarily
marine,
aviation,
onshore
energy,
engineering
and
construction
insurance,
and
a
contractors'
general
liability
program.
Marine
insurance
includes
hull,
energy,
liability
and
cargo.
Aviation
insurance
includes
hull
and
liability
on
commercial
aircraft
and
on
aircraft
manufacturers.
Onshore
energy
primarily
covers
property
damage
and
machinery
breakdown.
Engineering
and
construction
primarily
covers
the
construction
project
including
the
machinery,
equipment
and
loss
of
use
due
to
delays,
with
an
emphasis
on
the
oil,
petrochemical
and
utility
sectors. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
Navigators
Group,
Inc.
through
its
subsidiaries
underwrites
marine,
onshore
energy,
and
engineering
and
construction
insurance.
For
the
six
months
ended
6/30/01,
total
revenues
increased
45%
to
$75.8
million.
Net
income
increased
41%
to
$4.4
million.
Revenues
reflect
premiums
from
new
businesses,
rate
increases,
improvements
at
Lloyd's
operations
and
higher
investment
income.
Earnings
were
partially
offset
by
higher
loss
adjustment
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Terence Deeks, 61 Chairman,
Pres and CEO | $420K | Bradley Wiley, 47 CFO,
Sr. VP, Sec. | 208K | Stanley Galanski, 42 COO,
Exec. VP | -- | Salvatore Margarella, 51 VP
and Treasurer | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|