Navigators launches professional liability reinsurance unit

NEW YORK—The Navigators Group Inc.’s principal underwriting agency subsidiary, Navigators Management Co., is expanding its Navigators Re division by launching a professional liability reinsurance unit, the company said Wednesday.

The unit will be headed by William C. Redington, who was head of professional liability at Princeton, N.J.-based Munich Re America from 2004 to 2011.

“Bill is an established industry expert with a solid track record, and we’re excited to have him lead our new professional liability unit,” Navigators Re President H. Clay Bassett Jr. said in a statement. “Bill will be underwriting both medical and nonmedical professional liability reinsurance through our reinsurance broker partners.”

The professional liability reinsurance is the fourth for New York-based Navigators, adding to its agriculture, accident and health, and Latin American property/casualty units.