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Endurance Specialty Holdings Ltd CEO Presents At JPMorgan SMid Cap Conference - Conference Call Transcript

Endurance Specialty Holdings Ltd ( ENH)

JPMorgan SMid Cap Conference

December 1, 2011 03:45 pm ET


Michael McGuire - CFO


Matthew Heimermann - JPMorgan Securities

Good afternoon, everyone. I’m Matt Heimermann. I cover property and casualty insurance here for JPMorgan. It’s my pleasure to introduce Michael McGuire who is the CFO of Endurance Specialty Holdings. He’s been with the company since 2003 and has held the CFO title since 2006 and before that had a career in the accounting field. And with that, I’ll turn it over.

Michael McGuire

Thanks, Matt and thank you to you and to JPMorgan for the opportunity to speak to the group and to meet with various investors over the last day. And I wanted to start with just acknowledging our forward-looking statements. I won’t read the fine print, but I’ll put it there for your reference. So please note that many things I will say today are forward-looking and please reference the Safe Harbor protections there.

So today, what I thought I’d do is give you a brief introduction to Endurance. Also to provide some thoughts about our underwriting portfolio, where we see opportunities, what we see market conditions to be. Endurance is coming very close to its 10-year anniversary in the next few weeks and it’s a milestone that we are quite proud of as a company. And we’ve weathered through some very significant volatile events in our history. And we started in Bermuda 10 years ago with $1.2 billion of capital, a few desks, a few computers and a few people and no ratings but with a vision to create a globally diversified insurer and reinsurer, with the base in Bermuda, but positions broadly.

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