History

The history of Endurance, a global provider of property, casualty, and specialty

Endurance was founded at the end of 2001 with approximately $1.2 billion in capital. Based in Bermuda, the initial operation focused on property catastrophe reinsurance and excess coverage for large commercial insurance accounts.
 
Since inception, Endurance has expanded its geographic reach and added new product lines and distribution channels, emerging as a leading global provider of insurance and reinsurance products and services. Now in its second decade of operations, Endurance has a solid balance sheet, diverse specialty capabilities, a worldwide client portfolio and a strong brand reputation.

Key Milestones

2016

  • In October, 2016, Endurance entered into a definitive agreement to be acquired by SOMPO Holdings, Inc., one of the largest insurance companies in Japan.  The acquisition is expected to close in the first quarter of 2017.

  • Stephen Young is promoted to Chief Executive Officer, Global Reinsurance in January 2016, succeeding Jerome Faure who held the position since March 2013 and retired from the industry at the end of March 2016.

  • Endurance launches Global Risk Solutions, a new platform within Endurance Insurance targeting global industry vertical solutions for large account risk management clients under the leadership of Michael Chang.

2015

  • Endurance acquires Montpelier Re Holdings Ltd. which includes Lloyd's Syndicate 5151, managed by Endurance at Lloyd’s (EAL), and Blue Capital, a third-party capital management platform offering insurance linked securities and collateralized reinsurance products. 

  • James Engel joins Endurance as Chief Claims Officer in April 2015 and Christopher Gallagher joins as Chief Risk Officer in September 2015.

2014

  • Endurance expands underwriting capabilities with new global Agriculture and Marine & Energy Reinsurance teams and U.S. based Primary Casualty and Commercial Property Insurance teams.

  • Endurance recruits senior leaders for London-based Insurance lines: Richard Allen for Professional Lines; Richard Housley for Property and Clifford Easton for Energy.

  • Brian Goshen joins Endurance Management Team as Chief Administrative Officer.

2013

  • Endurance launches international insurance operation based in London under leadership of Graham Evans.

  • Endurance expands U.S. Financial Institutions, Endurance Pro and Lawyers’ Professional Liability insurance teams and adds E&S Excess Casualty team.

  • John Charman is elected Chairman and Chief Executive Officer. William Bolinder assumes new role as Lead Director of Endurance's Board.

  • Endurance launches U.S. Inland Marine and Ocean Marine insurance business units.

  • Jerome Faure joins Endurance as Chief Executive Officer, Global Reinsurance, responsible for Endurance's North America, Bermuda and international reinsurance operations.

2012

  • John A. Kuhn joins Endurance as Chief Executive Officer, Global Insurance, responsible for Endurance's U.S., Bermuda and international insurance operations.

  • Endurance hires the employees of Galileo Weather Risk Management and launches a new specialty unit, Endurance Global Weather.

  • Endurance launches a Zurich-based Global Trade Credit and Surety reinsurance business unit.

  • Endurance marks its 10-year anniversary by ringing the closing bell at the New York Stock Exchange.

2011

  • Endurance launches a new U.S. bond operation, initially offering primary surety contract bond obligations to construction contractors.

  • Endurance celebrates its 10-year anniversary.

  • Kenneth J. LeStrange retires as Chairman of Endurance's Board of Directors and William Bolinder is appointed to that role.

2010

  • Endurance expands distribution access to U.S. surplus lines agents with new Contract Binding Operations unit.

  • Endurance purchases a portion of Glacier Re's international reinsurance portfolio through a quota share treaty and renewal rights transaction.

  • Company founder, Kenneth J. LeStrange retires as Chief Executive Officer and President; David Cash is appointed Endurance's Chief Executive Officer.

2009

  • Endurance builds out its large account retail insurance practice in the U.S. with Excess Casualty and Professional Liability operations.

2008

  • Endurance expands the global reach of its reinsurance business, opening branches in Zurich and Singapore, providing local market knowledge and greater access to our clients and brokers in Continental Europe and Asia.

  • Despite the worst global financial crisis in decades and significant catastrophic events, Endurance performs well, ending the year with shareholders' equity of $2.2 billion.

2007

  • Endurance acquires ARMtech Insurance Services, the fifth largest underwriter of U.S. federally sponsored crop insurance, further diversifying its risk exposures and distribution network.

2005

  • Endurance enters the surety reinsurance market through the acquisition of a majority of XL Re's Americas' book.

  • Endurance enters the U.S. wholesale insurance market, with a focus on key areas of specialization within the property and casualty insurance arena for middle market accounts.

2004

  • Endurance expands into additional reinsurance specialty lines such as marine, personal accident and agriculture.

2003

  • In February 2003, Endurance raises $202.3M in a successful Initial Public Offering on the New York Stock Exchange under the ticker symbol "ENH."

  • Endurance augments its U.S. reinsurance platform with the renewal rights purchase of the Hartford's U.S. property – casualty reinsurance business.

2002

  • Endurance establishes reinsurance operations in the U.S. with the organization of Endurance Reinsurance Corporation of America.

  • Endurance establishes insurance and reinsurance operations in the U.K. with the creation of Endurance Worldwide Insurance Limited.

  • In May 2002, Endurance acquires in a renewal rights transaction the property catastrophe reinsurance business of LaSalle Re.

2001

  • Endurance is founded in Bermuda with $1.2 billion in capital raised from a diverse investor group in December 2001.