Navigators beats despite Q2 cat burden

Navigators reported a modest earnings beat despite a 61 percent
drop in operating profits driven by second quarter cat losses.
The Connecticut-based specialty insurer generated operating
profits of $12.2mn, or $0.81 a share that were just ahead of Wall
Street analysts' consensus forecasts of $0.79 a share.
The quarter included $18.3mn of catastrophe losses as the
carrier's international operations were adversely impacted by
property claims that largely stemmed from the Fort McMurray
wildfires in