Endurance Specialty Insurance has become the 19th reinsurer allowed to operate in Florida with reduced collateral under a consent order announced on Friday by state Insurance Commissioner Kevin McCarty.McCarty said Bermuda-based Endurance reported capital and surplus of $2.14 billion in its most recent year-end financial statement, which exceeds the $250 million requirement under the program. The company also received favorable ratings from at least two statistical ratings houses.The program, administered by the Florida Office of Insurance Regulation (OIR), allows reinsurers that meet those co...
Comments