13 August 2013 Insurance

Endurance hires Aspen D&O specialist

Endurance Specialty Holdings has appointed Fred Cooper as executive vice president and head of US Financial Institutions Insurance, based in New York. He joins Endurance from Aspen Specialty, where he was executive vice president and chief D&O underwriter.

At Endurance, Cooper will be responsible for growing the specialty insurance business offering management liability coverage to financial institutions including hedge funds, private equity firms, banks and insurance companies.

The company said the addition of this new business to Endurance's US Professional Lines Insurance area complements the company's existing commercial management liability and EndurancePro units.

Cooper brings to Endurance over twenty years' experience underwriting management liability and financial institution insurance solutions.

Jack Kuhn, chief executive of global insurance, said: “Fred's demonstrated ability to develop and implement successful solutions in this specialty space will be an important component as we expand our insurance capabilities in the US. I am confident that under his leadership, we will deliver new product offerings and strengthen relationships with our retail and wholesale networks in this market."

Before joining Aspen, Cooper was with Axis Insurance, most recently as executive vice president for the Financial Insurance Solutions segment where he led the commercial D&O business within Axis Professional Lines.

Prior to that, Cooper was senior vice president, underwriting officer and product manager for Axis's Middle Market/Technology/Private Equity unit. He has also held underwriting roles at Liberty International Underwriters, Aon Financial Services and AIG.

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