8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 reported event): April 3, 2006

The Navigators Group, Inc.

(Exact name of registrant as specified in its charter)

DELAWARE	0-15886	13-3138397
(State of	(Commission	(I.R.S. Employer
organization)	File Number)	Identification No.)
One Penn Plaza, New York, NY		10119
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (914) 933-6027

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 (SEE General Instruction A.2. below):

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

The following information is furnished pursuant to Item 8.01 “Other Events.” This information, including the Exhibit attached hereto, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

On April 3, 2006, The Navigators Group, Inc. issued a press release announcing that the Company is considering issuing debt securities in a public offering registered under the Securities Act. This press release is attached hereto as Exhibit 99.1.

SIGNATURE

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.
	(Registrant)
	/s/ Elliot S. Orol
	Name:  Elliot S. Orol
	Title: Senior Vice President and General Counsel
Date: April 6, 2006

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INDEX TO EXHIBITS

Number	Description
99.1	Navigators To Consider Debt Offering Press Release dated April 3, 2006.

3

EX-99.1

Exhibit 99.1

The Navigators Group, Inc.

CORPORATE NEWS

Navigators To Consider Debt Offering

New York – April 3, 2006 — The Navigators Group, Inc. (NASDAQ:NAVG) today announced that it is considering issuing debt securities in an offering registered under the Securities Act of 1933, as amended, pursuant to the Company’s currently effective shelf registration statement. The aggregate principal amount of debt securities issued, if any, is expected to be in the range of $100-$150 million.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company. Any offering of any Company securities will be made only by means of a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

The Navigators Group, Inc. is an international 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 Belgium.

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" or similar expressions are intended to identify such forward-looking statements. We cannot assure that results which we anticipate will be achieved, since results may differ materially because of known and unknown risks and uncertainties which we face. Please refer to Navigators' most recent Form 10-K and its other filings with the Securities and Exchange Commission for a description of Navigators' business and the important factors which may affect that business. Navigators undertakes no obligation to publicly update or revise any forward-looking statement.

Contact: Paul J. Malvasio

Executive Vice President and Chief Financial Officer

(914) 933-6088

pmalvasio@navg.com

www.navg.com

One Penn Plaza	New York, NY 10119
TEL (212) 244-2333	FAX (212) 244-4077