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 17, 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):

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

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

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

[ ] 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 April 17, 2006, The Navigators Group, Inc. issued a press release

announcing that the Company closed its previously announced offering of $125

million principal amount of 7% senior unsecured notes due 2016. 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 17, 2006


   INDEX TO EXHIBITS

Number    Description
- ------    -----------

 99.1     Navigators Announces Closing of $125 Million Senior Notes Offering
          press release dated April 17, 2006.

EX-99.1

                                                                    Exhibit 99.1

Navigators Announces Closing of $125 Million Senior Notes Offering

    NEW YORK--(BUSINESS WIRE)--April 17, 2006--The Navigators Group,
Inc. (NASDAQ:NAVG) today announced that it closed the public offering
of $125 million principal amount of 7% senior unsecured notes due
2016. The offering generated net proceeds of approximately $124
million.
    Credit Suisse and JPMorgan acted as Joint Book-Running Managers of
the offering and Keefe, Bruyette & Woods and LaSalle Capital Markets
were co-managers for the offering. A copy of the prospectus supplement
relating to the offering may be obtained from Credit Suisse Securities
(USA) LLC, at One Madison Avenue, New York, New York 10010
(1-212-325-2580) or from J.P.Morgan Securities Inc., at 270 Park
Avenue, New York, New York 10172 (1-212-834-4533).
    A Form S-3 registration statement relating to these securities has
been filed with the Securities and Exchange Commission and was
declared effective on November 18, 2005. This announcement shall not
constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state.
    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 the Company's business and the important factors which may affect
that business. The Company undertakes no obligation to publicly update
or revise any forward-looking statement.

    CONTACT: The Navigators Group, Inc.
             Paul J. Malvasio
             Executive Vice President and Chief Financial Officer
             914-933-6088
             pmalvasio@navg.com
             www.navg.com