Endurance Launch New Environmental Product
Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has launched a new series of environmental liability insurance products, offering both primary and excess coverage for single sites or property portfolios.
Endurance’s new products include a site environmental impairment liability product, which provides eight different coverage options and can be purchased individually or bundled into a comprehensive environmental liability program, an owner controlled insurance program providing environmental liability coverage for new development, and a new excess environmental product.
These new products are being offered by Endurance Global Risk Solutions, a new business line within Endurance Insurance targeting middle market and large account risk management clients within select global industry verticals.
The new platform, headed by Michael Chang, CEO of Global Risk Solutions, writes all property and casualty lines of business, including environmental liability and is initially focused on the Real Estate & Hospitality, Financial Institutions and Professional Services industries in the U.S.
Josh Pillion, Senior Vice President, Environmental Product Leader for Global Risk Solutions, commented “We have developed a state-of-the-art site specific environmental liability product with one of the broadest forms in the marketplace.
“Further, we are the only market in the environmental insurance space that is focused specifically on industry verticals and can provide an integrated multi-line solution to our client base. Our specialists have deep technical knowledge of environmental exposures specific to these industries and can tailor our broad coverage options to the unique needs of each client.”
Mr. Chang added, “With our new Global Risk Solutions platform, Endurance has built a holistic service model offering a broad range of products to clients in the industries where we have deep expertise. We are extremely pleased to add new environmental coverages, complementing the current suite of Endurance products and further enhancing our multi-line capabilities.
“With a combination of industry specialists and product expertise, we bring to each account dedicated underwriting, loss control and claims resources that truly understand and can address the exposures unique to our clients.”
