Endurance hires AIG exec for SVP role at Global Risk Solutions

Endurance Specialty Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Michael Nardiello as senior vice president (SVP), property product leader, Global Risk Solutions.

Global Risk Solutions is a recently launched business within Endurance Insurance, targeting large account risk management clients within select global industry verticals. The new platform, headed by Michael Chang, chief executive officer of Global Risk Solutions, is initially focused on the real estate and hospitality, financial institutions and professional services industries.

Nardiello will be based in Endurance's New York office. He joins the firm from AIG, where he had been regional property executive since April 2012, responsible for property operations in the Northeast region.

Prior to that, Nardiello was with Marsh, where he spent the majority of his 20 plus year career in a variety of roles of increasing responsibility.  He was promoted to managing director at Marsh in 2005 and served as US property placement leader since 2010.

Chang said: "I am very pleased that Mike is joining our Global Risk Solutions' team. His deep property product knowledge and extensive experience in our target industry classes, both as an underwriter and a broker, will differentiate us in these key markets.

“Endurance is building a unique holistic service model offering industry tailored solutions across a broad range of products. I am confident that Mike's wide network and client-oriented approach will be instrumental to the success of this new business initiative."