Endurance appoints chief executive officer
Endurance Specialty Holdings, a Bermuda-based property and casualty re/insurer has elected John Charman as the Company's chairman and chief executive officer, following the resignation of David Cash.
William Bolinder, the current chairman of the board, has become the Company's lead director.
Prior to joining Endurance, Charman, together with members of his family, became one of its largest shareholders with the purchase of $30 million of the Company's ordinary shares.
He has four decades of global experience in the insurance industry, has been in a senior underwriting position since 1975 and has been in a CEO role since 1981. Most recently, he founded and served for 11 years as the chief executive officer and president of Axis Capital Holdings.
"John Charman brings to Endurance outstanding leadership qualities, global insurance experience and the demonstrated ability to attain strong and consistent operating performance,” said Bolinder, “John has a blue chip track record of delivering bottom-line results, improving underwriting ratios, managing risk and allocating capital efficiently. We believe the opportunity to benefit from his expertise is extraordinary and look forward to him helping Endurance build on its success to date while enhancing our focus on shareholder value creation. His investment of personal capital speaks volumes about his confidence in and commitment to our future opportunities.
"On behalf of the entire Board, I would like to thank David for his 11 years of service to Endurance, the last three as chief executive officer. The Board is grateful to David for his valuable leadership and dedication to Endurance and the work he has done to position the Company well for the future. We wish him all the best with the next stage of his career."
