Profile: Endurance Specialty Holdings Ltd (ENH)

ENH on New York Consolidated

63.57USD
27 Feb 2015
Change (% chg)

$0.54 (+0.86%)
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$63.03
Open
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Volume
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Endurance Specialty Holdings Ltd. (Endurance Holdings), incorporated on June 27, 2002, is a holding company. Through Endurance Holdings’ operating subsidiaries based in Bermuda, the United States and the United Kingdom, the Company focuses on underwriting specialty lines of personal and commercial property and casualty insurance and reinsurance on a global basis. The Company’s portfolio of specialty lines of business is organized into two business segments: Insurance and Reinsurance.

Endurance Holdings’ seven wholly owned operating subsidiaries, as of December 31, 2013, are as follows: Endurance Specialty Insurance Ltd. (Endurance Bermuda), with branch offices in Switzerland and Singapore; Endurance Reinsurance Corporation of America (Endurance U.S. Reinsurance); Endurance Worldwide Insurance Limited (Endurance U.K.); Endurance American Insurance Company (Endurance American); Endurance American Specialty Insurance Company (Endurance American Specialty); Endurance Risk Solutions Assurance Co. (Endurance Risk Solutions; and American Agri-Business Insurance Company (American Agri-Business), managed by ARMtech Insurance Services, Inc. (together with American Agri-Business, ARMtech).

Insurance

Insurance segment consists of four lines of business: agriculture, casualty and other specialty, professional lines, and property. Agriculture insurance line of business focuses on multi-peril crop insurance, crop hail, livestock risk protection and other agriculture risk management products, all offered through independent agents in the United States. Casualty and other specialty insurance line of business includes casualty insurance, healthcare liability insurance, contract and commercial surety insurance, inland marine and ocean marine insurance. Casualty insurance business provides third party liability insurance for various industry groups.

Healthcare liability insurance business is focused on excess hospital medical professional liability insurance. Inland marine insurance business provides indemnification of loss related to movable or specialized types of property, which may include construction equipment, medical diagnostic equipment, fine arts, jewelry, solar panels and wind turbines, cameras and movie equipment, musical instruments, and other types of property. Ocean marine insurance business covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination. Surety insurance business provides contract and commercial surety insurance in the United States. Casualty and other specialty line of business also includes workers’ compensation insurance.

Professional lines insurance business includes directors’ and officers’ liability, errors and omissions, employment practices liability, environmental liability and pension trust liability insurance and includes both non-profit and for-profit entities representing various industry groups. Property insurance line of business provides difference in conditions coverage which is primarily earthquake and flood coverage. The properties insured are generally of a commercial nature and are spread across a variety of industries, such as real estate, retail, manufacturing, chemicals, financial services, utilities, telecommunications, construction, civil engineering and municipalities/institutions.

Reinsurance

Reinsurance segment consists of five lines of business: catastrophe, property, casualty, professional lines, and other specialty. Catastrophe reinsurance line of business reinsures catastrophic perils for ceding companies on a treaty basis primarily for property and workers’ compensation business. The principal perils reinsured in catastrophe reinsurance business include natural perils such as hurricanes, typhoons, earthquakes, floods, tornados, hail and fire and certain man-made perils such as industrial events and terrorism.

Property reinsurance line of business reinsures property insurance policies issued by our ceding company clients including personal lines, commercial exposures and engineering, principally covering buildings, structures, equipment, contents and time element coverage’s on a treaty basis. Loss exposures in this segment include the perils of fire, explosion, collapse, riot, vandalism, wind, tornado, flood and earthquake.

Casualty reinsurance line of business reinsures third party liability exposures from ceding companies on a treaty basis, such as automobile liability, general liability, umbrella liability and workers’ compensation. Professional lines reinsurance line of business reinsures third party professional liability policies issued by our ceding company clients for exposures such as directors’ and officers’ liability, directors’ and officers’ and management liability, errors and omissions, employment practices liability, fiduciary, and pension trust liability insurance and includes both non-profit and for-profit entities representing a wide range of industry groups.

Other specialty line of business includes primarily aerospace, agriculture, marine and energy, and trade credit and surety, all of which are underwritten on either a proportional or non-proportional basis. This business line also includes the Company’s weather risk management products.

Aerospace business is comprised of the reinsurance of aviation and space risks. Agriculture business includes reinsurance of multi-peril crop insurance policies, hail policies and other types of crop insurance. Marine business consists of the reinsurance of river and ocean vessels and cargo risks and is underwritten on a proportional and non-proportional basis. Trade credit and surety business includes the reinsurance of trade credit and political risk, contract surety and commercial surety on a worldwide basis.

Company Address

Endurance Specialty Holdings Ltd

Wellesley House, 90 Pitts Bay Ro
PEMBROKE     HM 08
P: +1441.2780400
F: +1441.2780401

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