Endurance Forms Reinsurer for Comp, Other Lines

Endurance Specialty Holdings Ltd. (Endurance Holdings) has formed a wholly-owned U.S. subsidiary, Endurance Reinsurance Corporation of America (Endurance Re), which has been granted a license as a New York domestic insurer for all lines of property and casualty insurance and reinsurance. Endurance Holdings is a Bermuda-based holding company whose subsidiaries are global providers of property and casualty insurance and reinsurance. The launch of Endurance Re as a U.S.-based subsidiary is part of Endurance Holdings' strategy to expand its presence in the global insurance and reinsurance market...