Endurance Specialty Holdings has expanded its Singapore-based Asia Pacific reinsurance business unit to include a local global catastrophe reinsurance team with a focus on the region’s markets.
Patrick Aeschbacher, who heads the company’s Asia Pacific reinsurance operations, will report to Endurance’s CEO of global reinsurance Jerome Faure.
At the end of 2013, Endurance senior vice president and head of Asia Pacific property catastrophe reinsurances Rene Lamer will transfer to Singapore.
He will be supported by a local property-catastrophe underwriting team, and report to Stephen Young, executive vice president, chief underwriting officer and head of global catastrophe reinsurance.
Faure said of the expansion: “Bolstering our underwriting resources in this region reflects our deep commitment to the Asia Pacific region.