Endurance Specialty (ENH) Unveils New Insurance Product
Zacks Investment Research | Aug 22, 2016 10:16PM ET
Endurance Specialty Holdings Ltd. (NYSE:ENH) recently introduced a new workers’ compensation insurance product to cater to its Global Risk Solutions clients. With the latest product launch, Endurance Specialty will now offer extensive multi-line coverage to its clients in the industries in which it has in-depth expertise.
Endurance Specialty, based in Bermuda, offers property and casualty insurance and reinsurance. The company unveiled Global Risk Solutions, a new business line, at the beginning of 2016. This business will serve the middle market and large account risk management clients in specific global industry verticals. This risk solutions platform writes all property and casualty lines of business, with its main focus on the Real Estate & Hospitality, Financial Institutions and Professional Services industries in the U.S.
The latest product will complement the company’s already diversified product portfolio. The new product will also be highly accretive to the insurer’s growing Global Risk Solutions account base. Endurance Specialty boasts an efficient white glove service, which is customized to meet the needs and exposures of each account and is provided by industry and product specialists.
The Global Risk Solutions team is skilled in managing workers’ compensation exposures, which comprises selection and underwriting of risks, organization and loss prevention of initiatives and expert claims management services. Endurance Specialty is particular about its risk partners and seeks clients who give importance to long-term stable provision of workers’ compensation coverage from within its areas of industry focus.
Earlier this month, the Global Risk Solutions business line also introduced a new series of environmental liability insurance products to provide both primary and excess coverage for single sites or property portfolios. The new products will cater to the specific needs of each of the company’s clients, supported by deep technical expertise of environmental exposures.
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