Hashtag: #EnduranceLtd
Endurance Reports $20 Million Q3 Net Loss
Bermuda’s Endurance Specialty Holdings Ltd this week reported a net loss of $20.0 million and $0.71 per diluted common share for the third quarter of 2011 versus net income of $139.1 million and $2.51 per diluted common share in the third quarter of 2010. For the nine months ended September 30, 2011, the net loss was $66.4 million and $2.07 per... Read more of this article
Endurance Promotes Bermudian Executive
Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, yesterday [Oct. 11] announced that Rene Lamer will assume the role of senior vice-president and head of US Property Catastrophe Treaty Reinsurance. Mr. Lamer, a Bermudian, will continue to report to Stephen Young, executive vice-president... Read more of this article
Endurance Q3 Loss Estimates
Bermuda-based Endurance Specialty Holdings Ltd today [Oct.7] announced initial estimates of catastrophe losses incurred in the third quarter of $26 million related to the July Danish flood, $21 million related to Hurricane Irene and $11 million related to the September Texas brushfires. In addition, during the third quarter, Endurance incurred $41... Read more of this article
Endurance Appoints John L. O’Connor
Bermuda-based re/insurer Endurance Specialty Holdings Ltd. confirmed that John L. O’Connor will be appointed to the new role of Chief Administrative Officer. Mr. O’Connor has more than twenty years experience in senior level consulting and insurance industry roles and has successfully designed, built and managed technology, financial and... Read more of this article
Endurance Declares $0.30 Quarterly Dividend
Yesterday [Aug.3] Bermuda-based Endurance Specialty Holdings Ltd. declared a quarterly dividend of $0.30 per ordinary share, $0.484375 per share payable on its 7.75% Non-Cumulative Preferred Shares, Series A and $0.46875 per share payable on its 7.50% Non-Cumulative Preferred Shares, Series B. The dividend on Endurance’s outstanding ordinary... Read more of this article
Endurance Q2 Net Income: $41 Million
Bermuda based re/insurer Endurance Specialty Holdings Ltd.reported net income of $41.1 million and $0.87 per diluted common share for the second quarter of 2011 versus net income of $58.6 million and $0.97 per diluted common share in the second quarter of 2010. For the six months ended June 30, 2011, Endurance reported a net loss of $46.3 million and... Read more of this article
Best Assigns Rating To Endurance’s Shares
A.M. Best Co. has today [May 25] assigned a debt rating of “bb+” to the $230 million 7.5 percent Series B preferred shares of Bermuda’s Endurance Specialty Holdings, Ltd. The ratings agency’s assigned outlook is stable. The proceeds from the issuance will be used by Endurance for general corporate purposes, including the repurchase of... Read more of this article
John A. Davis To Join Endurance Speciality
Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, today [May 24] announced that John A. Davis has joined Endurance Worldwide Reinsurance as senior vice president and manager of the US Treaty Casualty and Workers’ Compensation business unit. Mr. Davis has held a number of... Read more of this article
Endurance Estimates US Tornadoes: $55 Million
Bermuda based re/insurer Endurance Specialty Holdings Ltd. yesterday [May 18] announced its initial loss estimate related to the tornadoes in April 2011 that impacted Alabama, Arkansas, Georgia and Virginia to be between $45 million and $55 million. The losses were predominantly driven by Endurance’s catastrophe reinsurance book of business and... Read more of this article
Endurance Japan Quake Estimate: $125 Million
Bermuda based re/insurer Endurance Specialty Holdings Ltd. announced estimated losses related to the earthquake and tsunami that occurred off the coast of Tohoku, Japan on March 11, 2011 of $125 million. The net losses for this event will be included in Endurance’s first quarter 2011 results. Endurance’s loss estimate is pre-tax and net... Read more of this article
Endurance Estimates Losses at $60 Million
Bermuda based re/insurer Endurance Specialty Holdings Ltd. today announced that its initial loss estimate related to the floods which occurred in Queensland, Australia in January of 2011 is $15 million and that its initial loss estimate related to the earthquake which occurred in the vicinity of Christchurch, New Zealand on February 21, 2011 is $45... Read more of this article
Bolinder Named As Endurance Chairman
Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, today announced that William H. Bolinder has been elected to serve as Chairman of the Board of Directors effective March 3, 2011. Mr. Bolinder has been a member of Endurance’s Board of Directors since December 2001 and the... Read more of this article
CEO Cash: ‘Strong Year For Endurance’
Endurance Specialty Holdings Ltd. yesterday [Feb.9] reported net income of $111.2 million and $2.09 per diluted common share for the fourth quarter of 2010 versus net income of $154.8 million and $2.56 per diluted common share for the fourth quarter of 2009. Based out of Wellesley House on Pitts Bay Road, Endurance Specialty Holdings Ltd. is a global... Read more of this article
Fitch Affirms Endurance Ratings
Ratings agency Fitch has affirmed the ‘A’ Insurer Financial Strength (IFS) rating of Bermuda-based Endurance Specialty Insurance Ltd. Fitch has also affirmed the following ratings for Endurance: Issuer Default Rating (IDR) at ‘A-’; Senior unsecured notes at ‘BBB+’; Non-cumulative perpetual preferred shares at ‘BBB-’.... Read more of this article
Zacks Reiterates Neutral Rating On Endurance
Equities research analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Bermuda-based Endurance Specialty Holdings Ltd. in a research note to clients and investors today [Jan 3]. Endurance Specialty Holdings Ltd. (Endurance Holdings) is a Bermuda holding company headquartered in Wellesley House, Pitts Bay Road. Through... Read more of this article
Endurance Promotes Steven Dresner
Endurance Specialty Holdings Ltd., the Bermuda-based specialty provider of property and casualty insurance and reinsurance, today (Dec.6) announced that Steven Dresner will assume responsibility for the company’s specialty insurance business unit, managing programmes with Managing General Underwriters (MGUs) as well as developing partnerships... Read more of this article
