PEMBROKE, Bermuda - April 17, 2014 - Endurance Specialty Holdings Ltd. (ENH), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, today announced that Richard Housley has joined the company this week as Executive Vice President and Global Practice Leader for Property Insurance. Mr. Housley has extensive experience in property insurance markets where he has held various underwriting and management roles for almost 30 years. In addition to launching the company`s property business in London, he will work closely with Doug Worman, Chief Executive Officer of U.S. Insurance to build the company`s property book in the Americas and globally. Mr. Housley will also serve as General Manager for Endurance`s London office and report to Graham Evans, Chief Executive Officer, International Insurance.
Mr. Evans noted, "Richard has an exceptional reputation as a skilled underwriter along with extensive relationships across the primary brokers serving this market. Under his leadership, we will no doubt quickly establish Endurance as a meaningful player in the London property market and significantly enhance our offerings and prominence in the key property insurance markets around the world."
Mr. Housley joins Endurance from ANV`s Lloyd`s syndicate, ANV Syndicate Management Ltd., where he was Underwriting Director. This was a continuation of his role at Flagstone Syndicate Management Limited (FSML) which ANV acquired in 2012. Prior to Flagstone, Mr. Housley was with Axis Insurance since 2002, most recently as CEO of the Specialty Lines Division responsible for Axis` property, casualty and marine insurance business. During his tenure at Axis, he also served as Chairman of Axis Specialty Europe Limited, Global Leader for the Property and Energy Practice, and President of Axis`s global insurance segment.
About Endurance Specialty Holdings
Endurance Specialty Holdings Ltd. is a global specialty provider of property and casualty insurance and reinsurance. Through its operating subsidiaries, Endurance writes agriculture, professional lines, property, and casualty and other specialty lines of insurance and catastrophe, property, casualty, professional liability and other specialty lines of reinsurance. We maintain excellent financial strength as evidenced by the ratings of A (Excellent) from A.M. Best (XV size category) and A (Strong) from Standard and Poor`s on our principal operating subsidiaries. Endurance`s headquarters are located at Wellesley House, 90 Pitts Bay Road, Pembroke HM 08, Bermuda and its mailing address is Endurance Specialty Holdings Ltd., Suite No. 784, No. 48 Par-la-Ville Road, Hamilton HM 11, Bermuda. For more information about Endurance, please visit www.endurance.bm.
Phone: +1 441 278 0988
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Source: Endurance Specialty Holdings Ltd via GlobeNewswire