Angelina To Retire From Endurance Speciality
Bermuda re/insurer Endurance Specialty Holdings Ltd. announced today [Apr.2] that Michael Angelina will be retiring from his position as Chief Risk Officer and Chief Actuary effective April 13 in order to assume the position of Executive Director of the Academy of Risk Management and Insurance at St. Joseph’s University in Philadelphia.
Mr. Angelina [pictured] joined Endurance as its Chief Actuary and Chief Risk Officer in June 2005 after a 20 year career that included actuarial roles with CIGNA and Reliance Reinsurance and more recently a 17 year period with Tillinghast and Towers Perrin where he was a senior consulting actuary and ultimately the Managing Principal for the Philadelphia practice.
Over the duration of his career, Mr. Angelina has made significant contributions both to the actuarial profession and to the practice of risk management in the property and casualty insurance industry.
This includes his work in the fields of asbestos and pollution liability, his volunteer work for the American Academy of Actuaries and most recently the development of Endurance into an industry leading practitioner of enterprise risk management.
David Cash, Chief Executive Officer, commented, “Since joining Endurance in 2005 Mike has been a key member of Endurance’s management team and has made many important contributions to Endurance as it has evolved from a focused Bermuda company into a US and international insurer and reinsurer”. Mr. Cash went on to say “we all wish Mike great success in his new role with St. Joseph’s University and we thank Mike and his family for the significant contributions he has made to Endurance’s success”.
Hamilton-based 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, professional lines and surety and other specialty lines of insurance and property, catastrophe, casualty, agriculture, marine, aerospace, and surety and other specialty lines of reinsurance.
