Endurance Launch New Compensation Product
Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has launched a new workers’ compensation insurance product for its Global Risk Solutions clients.
Global Risk Solutions, a new business line launched earlier this year within Endurance Insurance, targets 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 and is initially focused on the Real Estate & Hospitality, Financial Institutions and Professional Services industries in the U.S.
Mr. Chang commented, “The addition of the Workers’ Compensation policy is an important complement to our already extensive portfolio of product offerings.
“As we build our Global Risk Solutions account base, this new capability opens additional opportunities to Endurance as we offer broader multi-line coverage to clients in the industries where we have deep expertise. We pride ourselves on our white glove service, delivered by industry and product specialists and tailored to the exposures of each account.”
Nilo Enriquez, Senior Vice President, Casualty Product Leader for Global Risk Solutions, added “Our team has extensive experience managing workers’ compensation exposures including selection and underwriting of risks, engineering and loss prevention initiatives and expert claims management services.
“We are selective in our risk partners and seek clients within our areas of industry focus who value a long-term stable provider of workers’ compensation coverage.”
