Responsibilities

The Company is licensed and managed in the Cayman Islands to reinsure risks from the issuing insurance company, which is licensed and provides coverage in the United States. The types of coverage reinsured by Navigator are Workers’ Compensation, Automobile, and General Liability.

Every shareholder, regardless of premium size, has one vote. A simple majority governs. The Company generally follows a four- to five-year accounting cycle. Each year stands alone and will be closed as determined by the Board of Directors.

The Company’s management strength lies in its strong committee structure and the individual involvement of all directors during frequent meetings held both in the Cayman Islands and other locations outside the United States. Presently, the committees and their primary responsibilities are:

  1. Underwriting - Advises the Board on desirable risks to be assumed and ensures these risks are adequately underwritten;
  2. Risk Control - Sets loss control goals for the members. Reviews loss control reports and works with members to meet the required loss control goals of the Company;
  3. Finance and Investment - Advises the Board on policies for the investment of the Company’s assets and reviews the annual audited financial statements.

Each shareholder is encouraged to attend all Navigator meetings and actively participate on the committee of his/her choice. The Board will rely on the recommendations of these committees to establish policies.