The Navigators Group Inc. announced that its principal underwriting agency subsidiary, Navigators Management Company, has established the Life Sciences business unit.This business unit will focus on underwriting specialized property/casualty products for the life sciences industry on a global basis, as well as help to deliver the company’s existing portfolio of relevant products.
Lyn Rossano has joined Navigators as senior vice president of the Life Sciences business unit and will be located in the company’s New York City office. Rossano has specialized in the life sciences risk transfer and risk management niche for almost 20 years and has been a leader in developing the overall insurance industry approach to this business sector.
Christopher Duca, president of the Company’s Navigators Pro division, commented, "The mapping of the human genome has accelerated drug discovery that is in part driving the growth of the life sciences sector. Navigators has responded to the needs of life science companies and their directors and officers, who face complex management liability exposures, with our breakthrough coverage InNAVation line of products. We are pleased to strengthen our solid market position in the life sciences sector with a complete suite of innovative insurance solutions."
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