David Cash Promoted to Chief Underwriting Officer of Endurance Holdings and Daniel Izard to Assume Role of President of Endurance Bermuda.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 global 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 David S. Cash would be promoted to the position of Chief Underwriting Officer and Daniel M. Izard Iz´ard n. 1. (Zool.) A variety of the chamois found in the Pyrenees. would be promoted to the position of President of Endurance Specialty Insurance Ltd., Endurance's Bermuda subsidiary. Both promotions are effective upon approval by the Bermuda Department of Immigration immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. . Mr. Cash, the current President of Endurance Bermuda, joined Endurance in December 2001. Mr. Cash has been the President of Endurance's Bermuda subsidiary since December 2004. Prior to assuming responsibility for Endurance Bermuda, he was Endurance's Chief Actuary and Chief Risk Officer. Mr. Cash came to Endurance from Centre Solutions Ltd. in Bermuda where he was a Vice President. Prior to working in the insurance and reinsurance industry, Mr. Cash served as a consultant actuary at Tillinghast/Towers Perrin in New York. Mr. Cash received a MSc. in Mathematics from Oxford University which he attended as a Rhodes Scholar. Mr. Cash is a Fellow of the Casualty Actuarial Society The Casualty Actuarial Society (CAS) is a professional society of actuaries. Its members are mainly involved in the property and casualty areas of the actuarial profession. and a Member of the American Academy of Actuaries The The American Academy of Actuaries, also known as the “Academy” or the AAA, is the body that represents and unites United States actuaries in all practice areas. and is a native of Bermuda. Mr. Izard joined Endurance in 2002 and has served as head of Endurance Bermuda's Aviation Underwriting Department and, most recently, as the 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 Bermuda. Prior to joining Endurance, Mr. Izard served for 14 years as President and Chief Executive Officer of Associated Aviation Underwriters, Inc. (AAU), a managing general underwriter owned by Chubb and CNA (Certified NetWare Administrator) See Novell certification. . Mr. Izard held numerous positions within AAU including Director of Reinsurance, Senior VP/Director of National Accounts, and Executive VP and Chief Operating Officer. He has also served as President of the London-based International Union of Aviation Insurers, and as Chairman of the Associate Member Advisory Council and member of the Board of Directors of the National Business Aviation Association. Mr. Izard began his aviation career as a pilot and officer in the U.S. Air Force. Mr. Izard is currently a Trustee of Embry-Riddle Aeronautical University Embry-Riddle Aeronautical University (ERAU) is a not-for-profit, non-sectarian, coeducational private university with a history dating back to the early days of aviation. and a member of the Board of Directors of Duncan Aviation, Inc. In 1994, he received the Flight Safety Foundation's Business Aviation Meritorious Award. Mr. Izard received his degree from the University of Illinois University of Illinois may refer to:
Kenneth J. LeStrange, Chairman, President and Chief Executive Officer, commented, "The promotions of David and Dan to their new positions at Endurance represent a recognition of their fine intellects, astute business sense and dedication to Endurance. I look forward to the greater contributions each will be able to bring to Endurance through their broader roles within the company." Steven W. Carlsen, Chief Operating Officer and Chairman of the Underwriting Committee, stated, "David's promotion to the position of Chief Underwriting Officer will ensure Endurance maintains its commitment to the highest underwriting standards. Dan's 30 years of experience as both an underwriter and a manager will provide us with the leadership required at our largest subsidiary." About Endurance Specialty Holdings Endurance Specialty Holdings Ltd. is a global provider of property and casualty insurance and reinsurance. Through its operating subsidiaries, Endurance currently writes property per risk treaty reinsurance, property catastrophe reinsurance, casualty treaty reinsurance, property individual risks, casualty individual risks, and other specialty lines. Endurance's operating subsidiaries have been assigned a group rating of A- (Excellent) from A.M. Best, A2 by Moody's and A- from Standard & Poor's. 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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