A.M. Best Comments on the Departure of Endurance Specialty Insurance Ltd.'s Chief Executive Officer
A.M. Best Comments on the Departure of Endurance Specialty Insurance Ltd.'s Chief Executive Officer
OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has commented that the financial strength ratings, issuer credit ratings and debt ratings of Endurance Specialty Insurance Ltd. (Endurance) (Bermuda) and its affiliates are unaffected by the recent announcement that Endurance's chief executive officer (CEO), David Cash, has stepped down from his position effective May 28, 2013.
Endurance's board has announced the election of John Charman, as its new Chairman and CEO. Mr. Charman is well known and highly regarded as a successful leader in the insurance industry, most recently holding the positions of CEO and President of AXIS Capital Holdings Limited.
A.M. Best expects that Mr. Charman will be an agent of change at Endurance, and A.M. Best will continue to monitor future developments and assess any rating implications as they are implemented.
The methodology used in determining these ratings is Best's Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best's rating process and contains the different rating criteria employed in the rating process. Best's Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visitwww.ambest.com.
Copyright © 2013 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.
A.M. Best Co.
Gale Guerra
Senior Financial Analyst
908-439-2200, ext. 5069
gale.guerra@ambest.com
or
Peter Dickey
Assistant Vice President
908-439-2200, ext. 5053
peter.dickey@ambest.com
or
Rachelle Morrow
Senior Manager, Public Relations
908-439-2200, ext. 5378
rachelle.morrow@ambest.com
or
Jim Peavy
Assistant Vice President, Public Relations
908-439-2200, ext. 5644
james.peavy@ambest.com
KEYWORDS: United States Europe North America New Jersey
INDUSTRY KEYWORDS:
The article A.M. Best Comments on the Departure of Endurance Specialty Insurance Ltd.'s Chief Executive Officer originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
