Endurance News

Best Affirms Endurance Specialty and Subs ‘A’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Endurance Specialty Insurance Ltd. and its affiliates. Best also affirmed the ICR of “bbb” and debt ratings of …

Loudwill Joins Endurance Specialty for Casualty Treaty

Endurance Specialty Holdings Ltd., announced that Steven Loudwill has joined the company as Treaty Underwriter, based in London. He has more than 14 years of industry experience, and will be responsible for developing the Casualty Treaty Reinsurance business for the …

Q3 Earnings Reports: Montpelier Re; Everest Re; Endurance Specialty

Bermuda Re/Insurers Announce Q3 Cat Loss Estimates

A number of Bermuda-based re/insurers have announced their respective loss estimates for the third quarter of 2011. The figures given include loss adjustment expenses, and are net of any applicable reinsurance recoveries, reinstatement premiums and taxes. Aspen Insurance Holdings Limited …

Endurance Appoints Lamer to Head U.S. Property Cat Treaty Reinsurance

Bermuda-based Endurance Specialty Holdings Ltd announced that Rene Lamer will assume the role of Senior Vice President and Head of U.S. Property Catastrophe Treaty Reinsurance. He is a Bermuda citizen, and will continue to report to Stephen Young, Executive Vice …

Reinsurance Underwriting also Means Risk Management at Endurance

“We need information that can only be gained directly from our clients,” said Hans-Joachim Guenther, Chief Underwriting officer of Endurance Specialty Holdings for Europe and the Asia-Pacific region. In an interview at the Reinsurance Rendezvous he gave some of the …

Ratings: Tunis Re, Endurance (shares), LAPP, Electro Re/First Beacon, National General

A.M. Best Europe – Rating Services Limited has removed from under review with negative implications and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Société Tunisienne de Reassurance (Tunis Re), and has assigned …

Davis Joins Endurance Worldwide Reinsurance in U.S. Unit

John A. Davis has joined Endurance Worldwide Reinsurance as senior vice president and manager of the U.S. Treaty Casualty and Workers’ Compensation business unit. Davis will now be responsible for overseeing the strategic direction, underwriting and marketing of Bermuda-based Endurance’s …

Endurance Estimates $15 Million Aus. Flood Loss; $45 Million NZ Quake

Bermuda-based Endurance Specialty Holdings Ltd. announced that its “initial loss estimate related to the floods which occurred in Queensland, Australia in January of 2011 is $15 million.” The specialty insurer’s initial loss estimate “related to the earthquake which occurred in …

Best Affirms Endurance Specialty and Subs ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates. Best also affirmed the ICR of “bbb” and debt ratings of the …