PEMBROKE, Bermuda, Sept. 9, 2011 (GLOBE NEWSWIRE) -- Endurance Specialty Holdings Ltd. (NYSE:ENH), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, today announced that Stefan Beine will join Endurance in the new role of Senior Vice President and Head of International Property Catastrophe Treaty Reinsurance. Mr. Beine has extensive experience in the reinsurance industry in a variety of roles focused on catastrophe risk modeling and pricing. Mr. Beine will join Endurance on October 1, 2011 reporting to Stephen Young, Global Head of Catastrophe Reinsurance, and will be located in Endurance's Zurich office. He will be joined by Chris Powell, Vice President of Property Catastrophe Reinsurance, who recently transferred to Zurich from Endurance's Bermuda office.
Mr. Young indicated, "We are very pleased that Stefan will be joining our team. We are confident that his strong existing partnerships with brokers and insurers will allow Endurance to further deepen our reinsurance relationships with our important European clients. Stefan has an exceptional reputation as a consultant and as a technical expert in the area of catastrophe science and we look forward to having him bring his unique talents to Endurance and to our global reinsurance clients."
Mr. Beine has served as Senior Director and Head of International Model Solutions at RMS since 2009 where he was responsible for working closely with insurers, reinsurers and broker companies to define the market requirements for the development of natural catastrophe risk models and communicate new releases, including the latest RMS version 11 European Windstorm model. Prior to that he was the Head of Catastrophe Modeling at Axis Re where he managed technical catastrophe pricing worldwide. He has also held positions focused on catastrophic risk with Benfield, Guy Carpenter and Gerling Global Reinsurance. Mr. Beine holds a Diploma in Meteorology from Goethe University Frankfurt.
About Endurance Specialty Holdings
Endurance Specialty Holdings Ltd. is a global specialty provider of property and casualty insurance and reinsurance. Through its operating subsidiaries, Endurance writes property, casualty, healthcare liability, agriculture and professional lines of insurance and property, catastrophe, casualty, aerospace and marine, 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 & 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/">http://www.endurance.bm.