2013-02-20 14:33:46 -
PEMBROKE, Bermuda - February 20, 2013 - Endurance Specialty Holdings Ltd.
(NYSE:ENH), a Bermuda-based specialty provider of property and casualty
insurance and reinsurance, today announced that Jerome Faure will be joining the
company on March 11, 2013 as Chief Executive Officer, Global Reinsurance. Mr.
Faure will be responsible for Endurance's North America, Bermuda and
international reinsurance operations.
Having held various senior underwriting and reinsurance management roles over
the last 25 years, Mr. Faure has led the successful growth of specialty
reinsurance operations in each of
the major insurance markets around the world.
David Cash, Chief Executive Officer of Endurance, commented, "Jerome is highly
regarded in the reinsurance industry for his ability to strategically build
businesses across the full breadth of underwriting products. His extensive
international experience and relationships will be a welcome addition to our
leadership team and we look forward to working with Jerome to expand Endurance's
global reinsurance footprint."
Mr. Faure indicated, "I am very pleased to have the opportunity to work with
Endurance's leadership, underwriting teams and business partners to build on the
company's many strengths and continue to grow Endurance's reinsurance business."
Over his 25 year career, Mr. Faure has held senior underwriting and management
positions in a number of global reinsurance companies. Most recently, he was a
Partner in ILS Capital Management in Bermuda focused on Insurance Linked
Securities, Industry Loss Warranties and collateralized reinsurance. Prior to
that, he served as Director and Chief Underwriting Officer for Tokio Millennium
Re, Ltd. where he managed their Bermuda-based reinsurance operations offering a
range of U.S. and international products. He started his reinsurance career at
the SCOR Group, progressing through a number of positions of increasing
responsibility in Paris, Tokyo, London and New York. He became President & Chief
Executive Officer of SCOR US Corporation and a member of the SCOR Group
Executive Committee responsible for worldwide Property & Casualty. Mr. Faure
holds B.S. degrees from ENSTA Paris, and INSTN Saclay France, and a M.S. degree
in Nuclear Engineering from the University of Illinois.
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: (441) 278-0988
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Source: Endurance Specialty Holdings Ltd via Thomson Reuters ONE