Navigators Group, the US marine insurer, has reported net profits for the second quarter of 2005 of $11.3m, up 25% on the $9m seen a year earlier.
Second quarter gross and net written premiums were $190.1m and $93.2m respectively, increases of 18% and 27% from the comparable 2004 periods.
Navigators’ interim profits for the period ended 30 June was $20.9m,