2013-09-05 22:16:03 -
PEMBROKE, Bermuda - September 5, 2013 - Endurance Specialty Holdings Ltd.
(NYSE:ENH), a Bermuda-based specialty provider of property and casualty
insurance and reinsurance, today announced that the company is expanding the
capabilities of its Asia Pacific reinsurance operations headquartered in
Singapore to include a locally based Global Catastrophe Reinsurance team focused
on the Asia Pacific markets. Endurance's Asia Pacific reinsurance operations are
under the leadership of Patrick Aeschbacher, who joined Endurance in 2008 as
Head of Asia Pacific and has twenty six years of industry experience, with the
last eighteen years in the Asia and Australia markets. Mr. Aeschbacher reports
to Jerome Faure, CEO of Global Reinsurance.
Rene Lamer, Senior Vice President and Head of Asia Pacific Property Catastrophe
Reinsurance, will transfer to Endurance's Singapore location at this year's end,
a locally based Property Catastrophe underwriting team. Since
joining Endurance in 2002, Mr. Lamer has been responsible for both traditional
and alternative catastrophe reinsurance programs spanning Asia, Australia and
the Americas. Mr. Lamer, a member of the Global Catastrophe Reinsurance
Leadership Team, reports to Stephen Young, Executive Vice President, Chief
Underwriting Officer and Head of Global Catastrophe Reinsurance.
Mr. Faure commented, "Bolstering our underwriting resources in this region
reflects our deep commitment to the Asia Pacific region. Patrick's extensive
network and specialized experience in this market have generated significant
growth over the past 5 years and I am confident in renewed development in the
region as we continue to strengthen our Singapore operation."
Mr. Aeschbacher noted, "Rene's underwriting acumen and extensive modeling
experience have proven to be a valuable resource to our clients and brokers in
the region and we are excited that he will be more accessible to them."
Mr. Young added, "With Rene's relocation to Singapore, we have substantially
increased our capability to write catastrophe reinsurance locally in Singapore.
This move will foster greater collaboration between our Asia Pacific business
partners and our Global Cat team."
Mr. Lamer was promoted to Vice President of U.S. Property Catastrophe Treaty
Reinsurance in 2006 and Senior Vice President in 2011. Mr. Lamer has also served
as Endurance's Head of Catastrophe Linked Products focusing on alternative
catastrophe reinsurance. He holds a Bachelor of Science degree from Concordia
University in Montreal, Canada.
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 property, agriculture, professional lines, and casualty and
other specialty lines of insurance and property, catastrophe, casualty, 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 Thomson Reuters ONE