8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 14, 2011

The Navigators Group, Inc.

(Exact name of registrant as specified in its charter)

Delaware	0-15886	13-3138397
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

6 International Drive, Rye Brook, NY	10573
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (914) 934-8999

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

On January 14, 2011, the Company announced that its subsidiary, Navigators Insurance Company, entered into a transaction with Tower Insurance Company of New York, a subsidiary of Tower Group, Inc., to sell the renewal rights for its middle market commercial package and commercial automobile business underwritten through the Company’s NAV PAC division. The portfolio of policies subject to the transaction involves gross written premium totaling approximately $33 million in 2010.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit 99.1 Press Release issued by the Company dated January 14, 2011 announcing the sale of renewal rights.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE NAVIGATORS GROUP, INC.
By:	/s/ Bruce J. Byrnes
	Name:	Bruce J. Byrnes
	Title:	Senior Vice President & General Counsel

Date: January 18, 2011

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EXHIBIT INDEX

Exhibit No.	Exhibit
Exhibit 99.1	Press Release issued by the Company dated January 14, 2011 announcing the sale of renewal rights.

3

EX-99.1

Exhibit 99.1

The Navigators Group, Inc.
CORPORATE NEWS

Navigators Announces Sale of the Renewal Rights for its Middle Market Commercial Package Business to Tower Insurance Company of New York

NEW YORK, January 14, 2011—(BUSINESS WIRE)— The Navigators Group, Inc. (NASDAQ:NAVG) today announced that its subsidiary, Navigators Insurance Company, has entered into a transaction with Tower Insurance Company of New York, a subsidiary of Tower Group, Inc. (NASDAQ:TWGP), to sell the renewal rights for the middle market commercial package and commercial automobile business underwritten through its NAV PAC division. The transaction did not include the NAV PAC Global or Life Sciences products, which are also underwritten within the division. The portfolio of policies subject to the transaction involves gross written premium of approximately $33 million in 2010.

Stan Galanski, President and CEO of The Navigators Group, Inc., commented: “Due to the current market conditions, our middle market commercial package business found it challenging to achieve scale without sacrificing underwriting quality. In order to achieve the Company’s business focus, we felt that this book of business is better associated with a company that has far greater existing presence in this segment.”

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. Navigators Insurance Company and Navigators Specialty Insurance Company are both rated ‘A’ (Excellent) by A.M. Best and ‘A’ (Strong) by Standard & Poor’s.

This press release may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Whenever used in this release, the words “estimate,” “expect,” “believe,” “may,” “will,” “intend,” “continue” or similar expressions are intended to identify such forward-looking statements. Forward-looking statements are derived from information that we currently have and assumptions that we make. We cannot assure that results that we anticipate will be achieved, since results may differ materially because of known and unknown risks and uncertainties that we face. Please refer to Navigators’ most recent Forms 10-K and 10-Q and its other filings with the Securities and Exchange Commission for a description of Navigators’ business and the important factors that may affect that business. Navigators undertakes no obligation to publicly update or revise any forward-looking statement

Media Inquiries
The Navigators Group, Inc.
Taha Ebrahimi, 914-933-6209
tebrahimi@navg.com
www.navg.com