Endurance Introduces E&S Excess Casualty Transportation Product
01 December 2016 - 8:15AM
PEMBROKE, Bermuda - November
30, 2016 - Endurance Specialty Holdings Ltd. (NYSE:ENH), a
Bermuda-based specialty provider of property and casualty insurance
and reinsurance, announced today that Endurance U.S. Insurance has
introduced a new Excess Casualty product for commercial
transportation clients, distributed through a limited network of
wholesale brokers specializing in the transportation market. The
new product targets U.S. based transportation companies including
mid-size trucking fleets, shuttle and van services.
The transportation
coverage will be underwritten by a new team led by Mr. Eric
Yatteau, Senior Vice President, E&S Excess Casualty -
Transportation reporting to Mr. Jarrett Long, Executive Vice
President, Excess Casualty Insurance.
Mr. Yatteau joined
Endurance earlier this month from Axis Insurance where he spent the
past 13 years and was most recently Senior Vice President, Excess
Casualty. He has more than 25 years of underwriting experience and
holds CPCU and ARe certifications. Mr. Yatteau is joined by
two Vice Presidents, Mr. Dale Painter, also from Axis Insurance,
and Mr. Talbott Thompson from Swiss Re. All three are based
in Endurance's Alpharetta, Georgia office.
Mr. Long commented, ""I am extremely pleased to
welcome the E&S Transportation team to Endurance. The
strength of Eric, Dale and Tal's collective experience and
relationships with respect to lower-attaching transportation
accounts is a natural complement to our current E&S Excess
Casualty business. This initiative adds an important and timely
capability to our product offering and has been very well received
by our wholesale transportation broker partners."
Mr. Chris Sparro, Chief Executive Officer, U.S.
Insurance, added "This is another strategic addition for Endurance
as we continue to grow and diversify our portfolio to best meet our
clients' needs. With deep technical expertise and a meaningful
trading partner network, this management team brings a wealth of
commercial transportation knowledge to Endurance. I am very pleased
that we were able to attract these talented professionals to
Endurance."
About Endurance Specialty
Holdings
Endurance Specialty Holdings Ltd.
is a global specialty provider of property and casualty insurance
and reinsurance. Through its operating subsidiaries, Endurance
writes agriculture, professional lines, property, marine and
energy, and casualty and other specialty lines of insurance and
catastrophe, property, casualty, professional lines and specialty
lines of reinsurance. We maintain excellent financial strength as
evidenced by the ratings of A (Excellent) from A.M. Best (XV size
category), A (Strong) from Standard and Poor's and A2 from Moody's
on our principal operating subsidiaries. Endurance's
headquarters are located at Waterloo House, 100 Pitts Bay Road,
Pembroke HM 08, Bermuda and its mailing address is Endurance
Specialty Holdings Ltd., Suite No. 784, No. 48 Par-la-Ville Road,
Hamilton HM 11, Bermuda. For more information about
Endurance, please visit www.endurance.bm.
Contact
Investor Relations
Phone: +1 441 278 0988
Email: investorrelations@endurance.bm
# # #
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information contained therein.
Source: Endurance Specialty Holdings Ltd via
Globenewswire
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