Daniel M. Izard to Retire from Endurance.PEMBROKE, Bermuda -- Endurance Specialty Holdings Ltd. (NYSE NYSE See: New York Stock Exchange :ENH ENH Enhancement ENH Evanston Northwestern Healthcare (Illinois) ENH Evanston-Northwestern Hospital ), a Bermuda-based provider of property and casualty insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , announced today that Daniel M. Izard Iz´ard n. 1. (Zool.) A variety of the chamois found in the Pyrenees. will be retiring from his position as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Endurance Specialty Holdings Ltd., effective September 1, 2008. A former Air Force pilot, Mr. Izard joined Endurance from Associated Aviation Underwriters, a joint venture of Chubb & Son and CNA (Certified NetWare Administrator) See Novell certification. Corporation where he served as President and Chief Executive Officer for 14 years. Mr. Izard's responsibilities will be assumed by the other members of Endurance's executive team. Kenneth J. LeStrange, Chairman, President and Chief Executive Officer, commented, "Dan's contributions to Endurance since he joined the company six years ago have been a substantial part of our success. Dan served in a wide variety of positions while at Endurance, in each role he made a difference to the company and by sharing his experience and insights with his colleagues he helped Endurance develop into the company it is today. We are grateful we had a chance to work with Dan and we will all miss him greatly." About Endurance Specialty Holdings Endurance Specialty Holdings Ltd. is a global provider of property and casualty insurance and reinsurance. Through its operating subsidiaries, Endurance writes property, casualty, healthcare liability, agriculture, workers' compensation and professional lines of insurance and property, catastrophe, casualty, agriculture, marine, aerospace, and surety and other specialty lines of reinsurance. We maintain excellent financial strength as evidenced by the ratings of A (Excellent) from A.M. Best (XV size category) and A (Strong) from Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index on our operating subsidiaries (other than American Agri-Business Insurance Company) and B++ (Good) from A.M. Best for American Agri-Business Insurance Company. Endurance's headquarters are located at Wellesley House, 90 Pitts Bay Road, Pembroke HM 08, Bermuda and its mailing address is Endurance Specialty Holdings Ltd., Suite No. 784, No. 48 Par-la-Ville Road, Hamilton HM 11, Bermuda. For more information about Endurance, please visit http://www.endurance.bm. |
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