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The Navigators Group, Inc. Announces Francis McDonnell as Senior Vice President and Chief Financial Officer

By Amarendra Bhushan for CEOWORLD Magazine Updated:July 31, 2008

The Navigators Group, Inc. Announced Francis McDonnell as Senior Vice President and Chief Financial Officer from August 15, 2008 upon the retirement of Paul J. Malvasio.

Stan Galanski, Chief Executive Officer of Navigators, said, “We are pleased to announce the transition in our Chief Financial Officer role from Paul Malvasio to Frank McDonnell. Paul has served our shareholders well during his tenure, with significant growth in the Company’s earnings, assets and book value, and we are grateful for his many contributions. We are delighted to welcome Frank McDonnell to Navigators, and have every expectation that he will continue to develop our culture of excellence and performance in all areas of financial management.”

- Mr. McDonnell served as Chief Financial Officer of ACE USA, a subsidiary of ACE Ltd.
- Previously Chief Financial Officer of PMA Capital Corporation & various financial management positions with Reliance Insurance Company.
- Mr. McDonnell holds an undergraduate degree from Rutgers University and a Master of Business Administration degree from St. Joseph’s University.

The Navigators Group, Inc. is an international specialty insurance holding company with insurance company operations, underwriting management companies, and operations at Lloyd’s of London. Headquartered in New York City, Navigators has offices in major insurance centers in the United States, the United Kingdom and Continental Europe. For more information, please visit our web site at www.navg.com.

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