People: Endurance Specialty Holdings Ltd (ENH)

Summary

Name	Age	Since	Current Position
William Bolinder	69	2011	Independent Chairman of the Board
David Cash	48	2012	President, Chief Executive Officer, Director
Michael McGuire	40	2006	Chief Financial Officer
Jerome Faure	55	2013	Chief Executive Officer - Global Reinsurance of Endurance
John Kuhn	48	2012	Chief Executive Officer - Global Insurance
John O'Connor	50	2012	Chief Operations Officer
John Del Col	51	2011	Executive Vice President - Acquisitions, General Counsel, Secretary, Director
Carrie Rosorea	40	2013	Chief Accounting Officer
Catherine Kalaydjian	54	2012	Chief Administrative Officer, Chief Claims Officer
Mark Silverstein	50	2005	Chief Investment Officer
Michael Belfatti	42	2012	Chief Actuary
Joan deLemps	61	2010	Chief Underwriting Officer
John Baily	69	2003	Independent Director
Norman Barham	71	2004	Independent Director
Galen Barnes	65	2004	Independent Director
Steven Carlsen	56	2006	Independent Director
Susan Fleming	42	2011	Independent Director
Scott Moore	60	2011	Independent Director
Brendan O'Neill	64	2005	Independent Director
William Raver	65	2006	Independent Director
Robert Spass	57	2002	Independent Director

» Insider Trading

Biographies

Name	Description
William Bolinder	Mr. William H. Bolinder is Independent Chairman of the Board of Endurance Specialty Holdings Ltd. In June 2006, Mr. Bolinder retired as President, Chief Executive Officer and a director of Acadia Trust N.A., a financial services company, positions he had held since 2003. He had previously been a member of the Group Management Board for Zurich Financial Services Group. He was the head of the North America business division (excluding U.S. Personal Lines) from 1994 to 2002, and the Latin America business division from 1996 to 2002, as well as the Corporate and Commercial Customer Division of Zurich Financial Services Group since 1998. In 1994, he was elected to the Group Executive Board at Zurich Financial Services Group’s home office and became responsible for managing the Zurich Financial Services Group companies in the United States and Canada as well as Corporate/Industrial Insurance, Zurich International (Group) and Risk Engineering. Mr. Bolinder joined Zurich American Insurance Company, USA in 1986 as Chief Operating Officer and became Chief Executive Officer in 1987. Mr. Bolinder has been a director of Genworth Financial, Inc. since October 2010. Mr. Bolinder was a director of Quanta Capital Holdings Ltd. from January 2007 to October 2008. Mr. Bolinder was a director of Coral Insurance Company, a Florida domiciled property casualty insurance company, from March 2008 until April 2009. On April 9, 2009, Coral was placed into receivership for purposes of rehabilitation. The Florida Department of Financial Services was appointed receiver of Coral. Mr. Bolinder has also served on the board and committees of the American Insurance Association, American Institute for Chartered Property Casualty Underwriting, Insurance Institute for Applied Ethics, Insurance Institute of America, Insurance Services Office, Inc. and the National Association of Independent Insurers.
David Cash	Mr. David S. Cash is President, Chief Executive Officer, Director of Endurance Specialty Holdings Ltd. Previously, Mr. Cash was President of Endurance Bermuda from December 2004 to December 2005 and the Company’s Chief Actuary/Chief Risk Officer from December 2001 to June 2005. Mr. Cash joined the Company from Centre Solutions Ltd. in Bermuda where he was a Vice President focused on structured finance and insurance programs since 1996. Mr. Cash was a member of the board of directors of Centre Life Finance, Centre Solutions’ senior settlement financing company. From 1993 to 1996, Mr. Cash was Vice President and Underwriter at Zurich Re Centre. Prior to Zurich Re, Mr. Cash served as a consulting actuary at Tillinghast-Towers Perrin in New York. Mr. Cash received an Msc. in mathematics from Oxford University, which he attended as a Rhodes Scholar. Mr. Cash is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries and is a native of Bermuda.
Michael McGuire	Mr. Michael J. McGuire is Chief Financial Officer of Endurance Specialty Holdings Ltd. He has been Chief Financial Officer since January 2006. Mr. McGuire joined Endurance in 2003 to lead its external reporting, treasury and Sarbanes-Oxley compliance initiatives. Mr. McGuire came to Endurance from Deloitte & Touche LLP where he spent over nine years working in a variety of audit and advisory roles in the United States, Bermuda and Europe. In his last role at Deloitte & Touche, Mr. McGuire served as a senior manager in their merger and acquisition advisory practice, providing transaction accounting, structuring and due diligence services to private equity and strategic investors. Mr. McGuire is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.
Jerome Faure	Mr. Jerome Faure is Chief Executive Officer - Global Reinsurance of Endurance of Endurance Specialty Holdings Ltd. Over his 25 year career, Mr. Faure has held senior underwriting and management positions in a number of global reinsurance companies. Most recently, he was a Partner in ILS Capital Management in Bermuda focused on Insurance Linked Securities, Industry Loss Warranties and collateralized reinsurance. Prior to that, he served as Director and Chief Underwriting Officer for Tokio Millennium Re, Ltd. where he managed their Bermuda-based reinsurance operations offering a range of U.S. and international products. Mr. Faure started his reinsurance career at the SCOR Group, progressing through a number of positions of increasing responsibility in Paris, Tokyo, London and New York. He became President & Chief Executive Officer of SCOR US Corporation and a member of the SCOR Group Executive Committee responsible for worldwide Property & Casualty. Mr. Faure holds B.S. degrees from ENSTA Paris, and INSTN Saclay France, and a M.S. degree in Nuclear Engineering from the University of Illinois.
John Kuhn	Mr. John A. Kuhn is Chief Executive Officer - Global Insurance of Endurance Specialty Holdings Ltd. Mr. Kuhn joined Endurance from Axis Capital where his most recent role was Chief Underwriting Officer, Axis Insurance, responsible for the worldwide insurance operations and, prior to that, Chief Executive Officer, North American Division, Axis Insurance. He joined Axis Capital in 2003 when the company acquired Kemper Insurance’s Financial Insurance Solutions business which Mr. Kuhn had built as President of that business unit. Mr. Kuhn started his insurance career at Chubb Group of Insurance Companies, where he assumed increasing responsibility, culminating in the role of Chief Underwriting Officer for Chubb/Executive Protection. Mr. Kuhn holds a B.A. degree from Wesleyan University.
John O'Connor	Mr. John L. O'Connor is Chief Operations Officer of Endurance Specialty Holdings Ltd. Mr. O'Connor served as Endurance's Chief Administrative Officer since September 2011 having joined the company in October 2004 as President and Chief Operating Officer of Endurance Services Limited. Prior to joining Endurance, Mr. O'Connor was a Partner with Accenture where he held several leadership positions in addition to providing consulting services to insurance clients. Mr. O'Connor holds a Certified Public Accountant designation and a Fellow of the Life Management Institute designation. He is a graduate of Fairfield University.
John Del Col	Mr. John V. Del Col is Executive Vice President - Acquisitions, General Counsel, Secretary, Director of Endurance Specialty Holdings Ltd. Mr. Del Col has been a director of Endurance Bermuda since February 2011. Mr. Del Col has been the Company’s General Counsel and Secretary since January 2003 and Executive Vice President, Acquisitions since February 2007. From October 1999 until January 2003, Mr. Del Col served as Executive Vice President, General Counsel, and Secretary of Trenwick Group Ltd. and its predecessor company, Trenwick Group Inc., a property and casualty reinsurer. Mr. Del Col was Vice President, General Counsel, and Secretary of Chartwell Re Corporation, a property and casualty reinsurer, from January 1998 until its merger with and into Trenwick Group Inc. in October 1999. From July 1994 until December 1997, Mr. Del Col was the Deputy General Counsel and Assistant Secretary at MeesPierson Holdings Inc., a Dutch merchant bank. From November 1991 until July 1994, Mr. Del Col was an associate in the law firm of LeBoeuf, Lamb, Greene & MacRae, L.L.P. Prior thereto, Mr. Del Col was an associate in the law firm of Sullivan & Cromwell.
Carrie Rosorea	Ms. Carrie Rosorea is Chief Accounting Officer of Endurance Specialty Holdings Ltd. Ms. Rosorea joined the Company in 2005 and has held several financial reporting and controller positions of increasing responsibility, most recently Executive Vice President and Corporate Controller. Prior to joining the Company, Ms. Rosorea spent approximately five years as a Controller at Alta Partners, a San Francisco-based private equity firm. Previously, Ms. Rosorea worked as an Assistant Controller at XL Mid Ocean Reinsurance Company Ltd. and as a Senior Accountant in the audit practice of Deloitte & Touche LLP, both in the United States and Bermuda. Ms. Rosorea is a Certified Public Accountant.
Catherine Kalaydjian	Ms. Catherine A. Kalaydjian is Chief Administrative Officer, Chief Claims Officer of Endurance Specialty Holdings Ltd. Ms. Kalaydjian joined Endurance in 2003 as Senior Vice President, Head of Claims for the U.S. reinsurance operations and has served as the Chief Claims Officer since March 2007. During the span of her thirty year career, she has held senior claims and administrative roles covering a broad range of reinsurance, direct and property and casualty lines, most recently as Senior Vice President, Head of Claims for QBE North America. Ms. Kalaydjian is an active leader in industry organizations, where she has served on several not-for-profit boards and held the position of President of the International Association of Claim Professionals as well as the Association of Professional Insurance Women. Ms. Kalaydjian holds a BA cum laude in Marketing Management from Siena College, Loudonville, NY.
Mark Silverstein	Mr. Mark K. Silverstein is Chief Investment Officer of Endurance Specialty Holdings Ltd. With 28 years of professional experience in investments, prior to joining Endurance Mr. Silverstein was an Executive Vice President at XL Investment Management (USA), LLC. In this capacity, he led the Structured and Spread Asset Group and was on the Investment Committee. Mr. Silverstein has focused on fixed income investments throughout his career, which began in 1985 in Fixed Income Research with Credit Suisse First Boston. In 1991, Mr. Silverstein joined BEA Associates, an investment management firm which was later acquired by Credit Suisse Asset Management, where Mr. Silverstein became Managing Director, Fixed Income Portfolio Manager. His responsibilities included managing U.S. and global core fixed income portfolios. Mr. Silverstein holds a B.S. in Urban Studies from Cornell University and an M.B.A. in Finance from the University of Chicago. He currently serves on the Board of Trustees of the Greenwich Roundtable and is Chairman of their Education Committee.
Michael Belfatti	Mr. Michael J. Belfatti is Chief Actuary of Endurance Specialty Holdings Ltd. Prior to joining Endurance, Mr. Belfatti was the managing partner of Belfatti, McGrath & Company, LLC, a private actuarial advisory firm that he founded in January 2010. Mr. Belfatti’s earlier experience includes serving as Executive Vice President and Chief Actuary for Validus Holdings, Ltd. from January 2008 to December 2009, Senior Consultant and Head of the Actuarial practice for the Philadelphia office of Tillinghast from October 2005 to December 2007, Director at CIGNA from May 2005 to September 2005 and Senior Vice President and Chief Actuary at ACE Financial Solutions from October 2000 to July 2004. Mr. Belfatti holds a B.A. in Mathematics and Political Science from Swarthmore College and a M.E. in Financial Engineering from Princeton University. Mr. Belfatti is a fellow in the Casualty Actuarial Society (CAS) and a member of the American Academy of Actuaries and the CAS Committee on Valuation, Finance and Investments.
Joan deLemps	Ms. Joan deLemps is Chief Underwriting Officer of Endurance Specialty Holdings Ltd. She was named Chief Underwriting Officer in March 2010, having served as Chief Casualty Officer for Endurance’s Worldwide Reinsurance operation since February 2007. An accomplished underwriting executive with over 35 years of insurance and reinsurance experience, Ms. deLemps joined Endurance in May 2003 from Gerling Global Financial Products Inc. (“GGFP”), where she was the Senior Managing Director of Underwriting and a founding member of the Structured Reinsurance group. Prior to joining GGFP, Ms. deLemps was a Senior Vice President at Swiss Reinsurance where she held various underwriting and management positions in both the facultative and treaty operations, ultimately managing the underwriting activities of Atrium, Swiss Re’s structured reinsurance operation. She began her career as a casualty insurance underwriter at Aetna Casualty & Surety.
John Baily	Mr. John T. Baily is Independent Director of Endurance Specialty Holdings Ltd. He has been a director since August 2003 and currently serves as Chairman of the Audit Committee, co-Chairman of the Risk Committee and as a member of the Investment Committee of the Board. Mr. Baily was formerly President of Swiss Re Capital Partners, where he worked from 1999 to 2002. Prior to joining Swiss Re, Mr. Baily was a partner at PricewaterhouseCoopers LLP (and its predecessor, Coopers & Lybrand) for 23 years, serving as the head of the Coopers & Lybrand Insurance Practice Group for 13 years. Mr. Baily also serves on the boards of directors of Golub Capital BDC, RLI Corp. and Albright College and was a director of NYMAGIC, Inc, from 2003 through 2010 and Erie Indemnity Company from 2003 through 2008. Mr. Baily is a graduate of both Albright College (cum laude, BS, Economics) and the University of Chicago (MBA), has served on the board of Coopers & Lybrand and as Chairman of the AICPA Insurance Companies Committee.
Norman Barham	Mr. Norman Barham is Independent Director of Endurance Specialty Holdings Ltd. Mr. Barham has been a director since August 2004 and currently serves as a member of the Compensation, Nominating and Corporate Governance, Risk and Underwriting Committees of the Board. Mr. Barham was Vice Chairman and President of Global Operations of Marsh, Inc., the diversified insurance brokerage and risk management services company in the world, from 1997 to 2000. Prior to joining Marsh, Inc., Mr. Barham held numerous senior management roles in various parts of Johnson & Higgins from 1975 to 1997, prior to the merger of Johnson & Higgins and Marsh & McLennan Companies, including President, Chief Technical Officer and Head of Global Property Insurance. Mr. Barham currently serves on the board of directors of Queens College and Frenchman’s Creek. Mr. Barham was chairman of the board of directors of Coral Insurance Company (“Coral”), a Florida domiciled property casualty insurance company, from 2004 until April 2009. On April 9, 2009, Coral was placed into receivership for purposes of rehabilitation. The Florida Department of Financial Services was appointed receiver of Coral.
Galen Barnes	Mr. Galen R. Barnes is Independent Director of Endurance Specialty Holdings Ltd. Mr. Barnes has been a director since May 2004 and currently serves as Chairman of the Underwriting Committee, co-Chairman of the Risk Committee and as a member of the Nominating and Corporate Governance Committee of the Board. Mr. Barnes was formerly President and Chief Operating Officer of Nationwide Mutual Insurance, where he worked from 1975 to 2003. Mr. Barnes held numerous senior and general management roles in various parts of the Nationwide organization, having previously been President of Nationwide Property and Casualty Affiliates, and President and Chief Operating Officer of Wausau Insurance. Mr. Barnes has also served on the board or committees for the Insurance Services Office, the Alliance of American Insurers, National Council on Compensation Insurance, and as a member of the Property and Casualty CEO Roundtable. Mr. Barnes received his Fellowship in the Casualty Actuarial Society in 1977. He serves as a board member of unaffiliated Comenity Capital Bank of Salt Lake City, Utah and as a voluntary director of the Self Insurance Board of The Ohio State University.
Steven Carlsen	Mr. Steven W. Carlsen is Independent Director of Endurance Specialty Holdings Ltd. He currently serves as a member of the Investment, Risk and Underwriting Committees of the Board. Mr. Carlsen is President of Shadowbrook Advising Inc., a consulting firm providing advisory and analytical services to insurance and reinsurance companies as well as to private equity and hedge fund groups investing in these areas. Prior to retiring from Endurance and reactivating his consulting practice, Mr. Carlsen was a founding member of Endurance, helping to raise the initial capital. He served at various times as the Company’s Chief Operating Officer, Chief Underwriting Officer and as President of its U.S. reinsurance subsidiary. Mr. Carlsen provided Endurance with underwriting and operating services on a part-time basis as a consultant. Mr. Carlsen began his career as a property facultative underwriter in 1979 and later as a treaty executive for Swiss Reinsurance Company. He joined NAC Re in 1986, ultimately heading their Property and Miscellaneous Treaty Department (which included aviation, marine, surety and finite business). He managed NAC Re’s retrocessions and was involved in the formation of their U.K. company. In 1994, Mr. Carlsen left NAC Re to join CAT Limited as their Chief Underwriter-North America and in 1997 was co-founder of CAT Limited’s finite insurer, Enterprise. Mr. Carlsen worked as a consultant, principally with three Morgan Stanley Private Equity insurance ventures and the Plymouth Rock Group. Mr. Carlsen is currently enrolled as a full-time student at Fordham University’s Graduate School of Arts and Sciences, where he is pursuing a Ph.D. in Economics.
Susan Fleming	Dr. Susan S. Fleming is Independent Director of Endurance Specialty Holdings Ltd. Dr. Fleming worked at Capital Z Financial Services, a private equity firm, as a Principal from 1998 to 2001 and as Partner from 2001 to 2003. She was Vice President at Insurance Partners Advisors, LP, a private equity firm, from 1994 to 2003 and held various positions at Morgan Stanley and Company from 1992 to 1994. Dr. Fleming is currently a consultant and Senior Lecturer in management, finance and entrepreneurship at Cornell University. Dr. Fleming has been a director of Virtus Investment Partners, Inc., a publicly traded asset management company since January 2009. She also served as a director of Universal American Financial Corp., a of specialty healthcare companies, from July 1999 to December 2003, PXRE Group, Ltd., a property reinsurer, from April 2002 to April 2005, Ceres Group, Inc., an insurance and annuity products provider, from February 2000 to August 2006 and Quanta Capital Holdings, Ltd., a specialty insurance and reinsurance holding company, from July 2006 to October 2008.
Scott Moore	Mr. Scott D. Moore is Independent Director of Endurance Specialty Holdings Ltd. Mr. Moore has been a director of the Company since May 2011 and currently serves as a member of the Audit, Investment and Risk Committees of the Board. Mr. Moore was the Chief Executive Officer of PartnerRe U.S., a reinsurance company, from 1998 to 2009. Prior thereto, Mr. Moore served as the Executive Vice President and Chief Financial Officer of PartnerRe Ltd. from 1993 to 1998. Mr. Moore was employed for 13 years (three years as a Partner) with Coopers & Lybrand LLP, specializing in the insurance industry.
Brendan O'Neill	Dr. Brendan R. O'Neill is Independent Director of Endurance Specialty Holdings Ltd. He has been a director of Endurance Worldwide since May 2006, a director of the Company since February 2005 and currently serves as Chairman of the Compensation Committee and as a member of the Audit and Risk Committees of the Board of Directors of the Company. Mr. O’Neill was Chief Executive Officer of ICI PLC, a specialty chemicals company, from 1998 to 2003. Prior to joining ICI PLC, Mr. O’Neill was managing director of Guinness Brewing Worldwide from 1993 to 1998, where he is credited with rebuilding the Guinness business and reestablishing its brand image on a global basis. A Fellow of the Chartered Institute of Management Accountants, Mr. O’Neill held numerous finance roles early in his career at Ford Motor Company, BICC Ltd. and Midland Bank PLC (HSBC). Mr. O’Neill currently serves on the boards of directors of Tyco International Ltd., Informa Group PLC, and Towers Watson Inc. and previously served on the board of directors of Rank Group plc from January 2005 through December 2007 and on the Board of Aegis Group plc from August 2005 through September 2009.
William Raver	Mr. William J. Raver is Independent Director of Endurance Specialty Holdings Ltd. Mr. Raver has been a director since May 2006 and currently serves as Chairman of the Investment Committee and as a member of the Audit and Risk Committees of the Board. From July 2006 through January 2008, Mr. Raver served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust (“NRRIT”) where he led a twenty person staff, overseeing investment activity of the trust fund established by Federal legislation in 2001 to manage certain defined benefit retirement assets of the U.S. railway industry, then totaling $30 billion. From 1997 until he joined NRRIT in 2006, Mr. Raver was with Verizon Investment Management Corporation, most recently as Chief Operating Officer. In this role, he shared investment responsibility for $65 billion of Verizon retirement and savings plan assets and was the officer in charge of trust fund financial reporting and fiduciary functions. From 1994 to 1997, Mr. Raver was Senior Vice President, Chief Administrative Officer, and Director of Research at Evaluation Associates, an investment consulting firm. His earlier career includes senior level positions in corporate treasury with Young & Rubicam, Cadbury Schweppes, Stauffer Chemical and Avon Products. Mr. Raver currently serves on a number of investment advisory boards.
Robert Spass	Mr. Robert A. Spass is Independent Director of Endurance Specialty Holdings Ltd. He has been a director since July 2002 and currently serves as a member of the Compensation, Investment and Risk Committees of the Board. Mr. Spass is a Partner of Capital Z Partners, an investment firm he joined as a founding partner in 1998. Prior to 1998, Mr. Spass was the Managing Partner and co-founder of Insurance Partners Advisors, L.P. Mr. Spass was also President and CEO of International Insurance Advisors, Inc., the management company of International Insurance Investors, L.P. Prior to joining International Insurance Investors, Mr. Spass was a Director of Investment Banking at Salomon Brothers with responsibility for corporate finance relationships with the insurance industry. He currently serves on the board of directors of Universal American Corp., Lancashire Holdings Limited and MountainView Capital Holdings, LLC.

Basic Compensation

Name	Fiscal Year Total
William Bolinder	--
David Cash	2,531,640
Michael McGuire	1,621,160
Jerome Faure	--
John Kuhn	1,948,140
John O'Connor	--
John Del Col	1,415,880
Carrie Rosorea	--
Catherine Kalaydjian	1,332,130
Mark Silverstein	--
Michael Belfatti	--
Joan deLemps	--
John Baily	--
Norman Barham	--
Galen Barnes	--
Steven Carlsen	1,081,220
Susan Fleming	--
Scott Moore	--
Brendan O'Neill	--
William Raver	--
Robert Spass	--

As Of 30 Dec 2012

Options Compensation

Name	Options	Value
William Bolinder	0	0
David Cash	583,516	11,518,606
Michael McGuire	0	0
Jerome Faure	0	0
John Kuhn	0	0
John O'Connor	0	0
John Del Col	53,993	958,815
Carrie Rosorea	0	0
Catherine Kalaydjian	0	0
Mark Silverstein	0	0
Michael Belfatti	0	0
Joan deLemps	0	0
John Baily	0	0
Norman Barham	0	0
Galen Barnes	0	0
Steven Carlsen	525,166	9,210,530
Susan Fleming	0	0
Scott Moore	0	0
Brendan O'Neill	0	0
William Raver	0	0
Robert Spass	0	0

Insider Trading

Name	Shares Traded	Price
DELEMPS JOAN	4,954	$50.85
O CONNOR JOHN L	10,000	$50.24
MOORE SCOTT D	1,680	$0.00
BARHAM NORMAN	1,680	$0.00
BOLINDER WILLIAM H	3,261	$0.00
O NEILL BRENDAN R	1,680	$0.00
BARNES GALEN R	1,680	$0.00
BAILY JOHN THOMAS	1,680	$0.00
RAVER WILLIAM J	1,680	$0.00
CABRERA-FLEMING SUSAN F	1,680	$0.00
SPASS ROBERT A	1,680	$0.00
SPASS ROBERT A	1,680	$0.00
SPASS ROBERT A	1,680	$0.00
CARLSEN STEVEN W	1,680	$0.00
MCGUIRE MICHAEL J	7,500	$24.00
MCGUIRE MICHAEL J	5,000	$14.11
BAILY JOHN THOMAS	42	$48.25
O CONNOR JOHN L	10,000	$46.93
ROSOREA CARRIE	767	$46.25
KALAYDJIAN CATHERINE A	15,919	$46.16
FAURE JEROME	11,086	$0.00
DEL COL JOHN VIRGILIO	122	$44.10
DELEMPS JOAN	3,295	$44.10
MCGUIRE MICHAEL J	4,055	$44.10
KALAYDJIAN CATHERINE A	7,966	$0.00

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People: Endurance Specialty Holdings Ltd (ENH)

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Summary

Biographies

Basic Compensation

Options Compensation

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