25 October 2016News

Endurance Global Risk introduces a lead umbrella product

Endurance Global Risk Solutions (EGRS), a subsidiary of Bermuda property/casualty re/insurer, Endurance Specialty Holdings, has launched a new lead umbrella product.

EGRS was established earlier in 2016 within Endurance's insurance business and targets US based middle market and large account risk management clients in the real estate, hospitality, financial institutions and professional services industries.

The business, headed by Michael Chang, CEO of Global Risk Solutions, writes a broad range of property and casualty lines of business, including recently launched environmental liability and workers' compensation products.

Lynn Parks-Carter, who joined Endurance's Los Angeles office in 2012, has been named as executive vice president, lead umbrella product leader.

As head of the US insurance excess casualty, retail team, Parks-Carter led the build-out of Endurance's US excess casualty book nationally over the last several years.

Prior to joining Endurance, Parks-Carter was with Starr Indemnity and Liability Company, AIG and Zurich in various casualty management roles over the last 30 years. At Starr Excess and AIG, she had responsibility for managing US casualty underwriting teams with a focus on large, complex accounts.

Her experience includes both domestic and international primary and excess casualty, professional and E&O coverage across a wide variety of industries including entertainment and healthcare.

Chang said: "Adding lead umbrella coverage further enhances our multi-line capabilities and, with Lynn joining our Global Risk Solutions leadership team, we will significantly accelerate the introduction of this new product.

“In the short time since we launched Endurance Global Risk Solutions, we now offer a broad range of products tailored to meet the unique needs of each client within the industry verticals we service, enabling us to deliver a holistic and client centric underwriting approach to each and every account."