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Endurance Services Limited

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About Endurance Services Limited

Endurance Specialty Holdings hopes it has what it takes to endure the rough and tumble world of commercial insurance and reinsurance. The company's specialty insurance underwriting operations include crop and livestock insurance, health care liability coverage for hospitals, and professional coverage for corporate officers; it also writes some general – more... property/casualty lines. The company offers various property/casualty reinsurance policies, with a focus on catastrophe coverage. Other reinsurance offerings include marine, aerospace, and surety lines. Endurance Specialty is domiciled in Bermuda and has additional offices in the US and the UK, as well as Singapore and Switzerland.

Geographic Reach

The US accounts for about 80% of Endurance Specialty's annual revenues. Other markets include Europe, Japan, Canada, and Australia.

Sales and Marketing

Endurance Specialty sells its reinsurance and insurance products through large brokerage firms such as Marsh & McLennan, Aon, and Willis Group, as well as through independent agents and direct representatives. During 2011, Marsh was the largest insurance distributor, while Aon was the largest reinsurance distributor.

Financial Analysis

As a catastrophe reinsurer, Endurance Specialty must truly show its longevity during years where natural disasters are more prevalent. For instance while revenues have increased over the last three years, including a 7% rise in 2011 to some $2.1 billion (attributed to increased premiums from property and catastrophe reinsurance and agricultural and casualty insurance policies), losses from natural disasters caused the company to report declining profits in 2010 and a net loss of $94 million in 2011. Like many players in the fluctuating insurance and reinsurance industries, however, the firm relies on more profitable years to balance out its long-term returns.


Endurance Specialty is focused on growing in high-margin specialty line businesses where it can create a focused team of underwriters, giving it a competitive advantage in its select markets. The company seeks to balance out its risk exposures by participating in various insurance and reinsurance fields, as well as a range of geographic markets. It also engages in proactive risk evaluation programs across its business, capital, and investment activities to ensure long-term financial growth. As a result, in addition to its expansion activities, Endurance Specialty occasionally drops less-profitable offerings. For instance, the company stopped writing workers' compensation insurance policies in 2009.

Mergers and Acquisitions

Endurance Specialty has expanded its service offerings over the years through acquisitions. For instance, in 2012 the company purchased Galileo Weather Risk Management, adding a niche division that helps clients manage the impact of weather events. In 2010 it bolstered its operations by acquiring part of Glacier Reinsurance's international and US property and global specialty reinsurance business. Historical purchases include its 2007 entrance into the crop insurance market when it acquired provider ARMtech Insurance Services. – less

Endurance Services Limited Employer Reviews
Quality Assurance Analyst (Former Employee), White Plains, NYJuly 6, 2012
Accounts Payable Manager (Former Employee), White Plains, NYApril 30, 2012

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