Best Rates New Reinsurer Endurance an A-

A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to Endurance Specialty Insurance Ltd., Bermuda. The company, formed in response to the market dislocation that has occurred in the global insurance and reinsurance markets as a result of the events of September 11, has been capitalized with $1.2 billion. Financing was accomplished through a private placement equity offering led by Aon, a leading risk management and insurance brokerage firm, and Zurich Financial Services, a leading worldwide insurance organization. Endurance seeks to establish a diversified glob...