ENDURANCE SPECIALTY HOLDINGS LTD. 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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Source: Endurance Specialty Holdings Ltd via Globenewswire
