Endurance Specialty Insurance Ltd. provides property and casualty insurance and reinsurance in Bermuda, United Kingdom, and United States. The company’s insurance products include property, casualty, healthcare liability, workers' compensation, and professional lines. Its reinsurance products include property, catastrophe, casualty, agriculture, marine, aerospace, surety, and various specialty lines. The company serves national, regional, and specialty insurance companies. It markets its products through brokerage distribution channel. The company was founded in 2001 and is based in Pembroke, Bermuda. Endurance Specialty Insurance Ltd. operates as a subsidiary of Endurance Specialty Holdings...
100 Pitts Bay Road
Pembroke, HM 08
Founded in 2001
Endurance Specialty Insurance Ltd. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 2 15
Endurance Specialty Insurance Ltd. reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net premiums written of USD 174,937,000 against USD 197,639,000 a year ago. Net losses and loss expenses were USD 139,141,000 against USD 196,677,000 a year ago. Gross premiums written were USD 448,563,000 against USD 420,343,000 a year ago. Gross premiums written in the insurance segment increased USD 28.2 million and USD 259.5 million for the quarter and nine months ended September 30, 2015 compared to the same periods in 2014 as underwriting investments made over the past 30 months continue to drive growth within casualty and other specialty, professional lines and property, marine and energy lines of business. Partially offsetting this growth was a decline in the agriculture insurance line of business primarily due to lower commodity prices.
For the nine months period, the company reported net premiums written of USD 669,275,000 against USD 719,704,000 a year ago. Net losses and loss expenses were USD 359,136,000 against USD 434,777,000 a year ago. Gross premiums written were USD 1,653,647,000 against USD 1,394,145,000 a year ago.