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4-Traders Homepage  >  Equities  >  Nyse  >  Endurance Specialty Holdings Ltd.    ENH   BMG303971060

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Endurance Specialty Holdings Ltd. : Endurance Appoints Rene Lamer to Head U.S. Property Catastrophe Treaty Reinsurance

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10/11/2011 | 10:40pm CET

Endurance Appoints Rene Lamer to Head U.S. Property Catastrophe Treaty Reinsurance

PEMBROKE, Bermuda, Oct. 11, 2011 (GLOBE NEWSWIRE) -- Endurance Specialty Holdings Ltd. (NYSE:ENH), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, today announced that Rene Lamer will assume the role of Senior Vice President and Head of U.S. Property Catastrophe Treaty Reinsurance. Mr. Lamer, a Bermudian, will continue to report to Stephen Young, Executive Vice President and Head of Global Catastrophe Reinsurance.

Mr. Young commented, "Rene has proven himself a very talented executive at Endurance and a valued resource to our clients in structuring and pricing both traditional and alternative reinsurance programs. His extensive experience with catastrophe models and his strong underwriting capabilities have contributed to the Property Catastrophe group's overall success. We are looking forward to Rene taking on a broader role within the Bermuda Reinsurance team."

Mr. Lamer joined Endurance in March 2002 as a catastrophe analyst within our Bermuda based Property Catastrophe Reinsurance team and was promoted to Vice President of U.S. Property Catastrophe Treaty Reinsurance in 2006. In 2008, Rene assumed additional responsibilities as Head of Catastrophe Linked Products focusing on alternative catastrophe reinsurance. He holds a Bachelor of Science degree from Concordia University in Montreal, Canada.

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 property, casualty, healthcare liability, agriculture and professional lines of insurance and property, catastrophe, casualty, aerospace and marine, and surety and other specialty lines of reinsurance. We maintain excellent financial strength as evidenced by the ratings of A (Excellent) from A.M. Best (XV size category) and A (Strong) from Standard & Poor's. Endurance's headquarters are located at Wellesley House, 90 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 http://www.endurance.bm.

CONTACT: Investor Relations

         Phone: (441) 278-0988

         Email: investorrelations@endurance.bm

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Financials ($)
Sales 2016 2 412 M
EBIT 2016 431 M
Net income 2016 -
Debt 2016 -
Yield 2016 1,60%
P/E ratio 2016 16,32
P/E ratio 2017 13,73
Capi. / Sales 2016 2,60x
Capi. / Sales 2017 2,35x
Capitalization 6 268 M
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Mean consensus HOLD
Number of Analysts 3
Average target price 80,8 $
Spread / Average Target -13%
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Managers
NameTitle
John R. Charman Chairman & Chief Executive Officer
Michael J. McGuire Chief Financial Officer
John Thomas Baily Independent Director
Galen R. Barnes Independent Director
Norman Barham Independent Director
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