Endurance On 2016 Q1 Investment Results
Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, said that it expects its first quarter 2016 investment portfolio total return to be approximately 98 basis points and its net investment income to be approximately $11 million.
“The Company’s net investment income was impacted by approximately $28 million of mark to market losses in its other investment portfolio from ongoing financial market volatility and lower than expected alternative manager performance,” the company said.
“These losses partially offset increased net investment income from the Company’s available for sale and trading securities which was approximately $39 million for the first quarter.
“The Company will report its full first quarter 2016 results on May 2, 2016 as previously announced.”
