Endurance To Launch New E&S Lines Unit
Endurance Specialty Holdings Ltd., the Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced on Tuesday [May 14] that an Excess & Surplus [E&S] lines Excess Casualty team will join the company next week.
Joseph Rainone will be appointed Executive Vice President and Head of Endurance’s new Excess Casualty E&S insurance unit, which will include a team of underwriters located in Los Angeles and Atlanta.
Mr. Rainone began his underwriting career in 1979 and his experience spans a range of casualty underwriting and management roles with a focus on surplus lines.
Jack Kuhn, Chief Executive Officer of Global Insurance, commented, “With Joe and his team’s extensive knowledge of the E&S market and long-term relationships with producers throughout the US, we will be able to quickly grow our current Excess Casualty portfolio. The strong reputation and underwriting talent that this team has developed in the wholesale casualty market will be a tremendous resource to Endurance as we continue to build out our insurance capabilities.”
Mr. Rainone was most recently Senior Vice President and Excess Casualty Division Manager at Alterra Specialty. From 1998 through 2010, Mr. Rainone was a Senior Vice President at RSUI Group, Inc. and head of their casualty underwriting division responsible for excess and primary lines of business accessed through wholesale brokers.
Prior to that, he held various excess casualty underwriting and management positions at Landmark Insurance Company, The Chubb Corporation, AIG and Liberty Mutual Insurance. Mr. Rainone holds a Bachelor of Business Administration degree from Hofstra University.
