Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, has announced that Christopher Donelan will join the company as president and chief underwriting officer for Endurance Re U.S.
Mr. Donelan has almost 25 years' experience in this market, most recently with Axis Re U.S.
Along with Mr. Donelan, Michael Fokken and Tracy Thomson will join Endurance as executive vice presidents in Endurance Re's North America underwriting operation. In addition, Nicholas Leccese and Mark Strona both will assume roles as reinsurance pricing actuaries supporting this business unit. These latest additions to Endurance will start on October 28, 2013, and they will be based in New York.
Jerome Faure, chief executive officer of global reinsurance, commented, “The addition of Chris and the team will significantly strengthen our underwriting and analytical capabilities in the North America reinsurance market and expand our client and broker network. By reinvesting the restructuring savings we generated earlier this year to bolster our underwriting resources, we are fulfilling our commitment to transforming Endurance into a recognized leader in the global reinsurance market.”
Mr. Donelan joins Endurance from Axis Re, where he was president and chief underwriting officer for its U.S. operations. Mr. Donelan joined Axis in 2002 with the formation of Axis Re U.S.
Before Axis Re, Mr. Donelan held the position of vice president and manager of the professional liability division of Gerling Global Reinsurance Corporation of America.
His prior experience includes managing ceded reinsurance with American International Group and serving as a claims examiner with Tokio Re and Allstate Insurance Company. He holds an MBA in Insurance and Risk Management from St. John's University and holds both the Chartered Property Casualty Underwriter and Associate in Reinsurance designations.
Learn more: www.endurance.bm.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].