About Us:
History
Endurance launched operations at the end of 2001 after raising approximately $1.2 billion from a diverse and well known group of investors. To help accelerate Endurance’s Bermuda business, it acquired LaSalle Re’s Property-Catastrophe reinsurance business in May 2002. Under Ken LeStrange’s leadership, the firm continued to grow, building its management team with key experienced hires and expanding its geographic reach through the formation of UK and US operating subsidiaries.
In February 2003, Endurance raised $202.3m in a successful Initial Public Offering under the ticker symbol “ENH.” Several months later, Endurance augmented its U.S. platform with the purchase of the majority of HartRe’s reinsurance business, as well as the addition of approximately 20 key staff members from HartRe.
Endurance continued to expand the reinsurance business into additional specialty lines such as marine, personal accident and agriculture and, in September 2004, acquired a surety product line through the acquisition of a majority of XL Re’s America Surety business. In October 2004, Mike Fujii joined Endurance to lead and manage the new US insurance, focused on key areas of specialization within the Property and Casualty insurance arena, written on both an admitted and non-admitted basis.
By the end of 2006, Endurance had grown its capital to approximately $2.7 billion despite the challenges posed by the hurricane season of 2005. We continued to grow our business both organically and with the acquisition in December 2007 of ARMtech Insurance Services, a specialty US crop insurer. Our capital base is now more than $3.1 billion and we have financial strength ratings of 'A' (Excellent) from A.M. Best (XV size category) and 'A' (Strong) from Standard and Poor’s on our principal operating subsidiaries.
As our history reflects, Endurance is positioned to be a leader in the global specialty reinsurance and insurance market. At the heart of our business is a strong client service discipline and a focus on analysis.