Forward-looking statements are based on our current expectations and assumptions regarding our business, the markets in which we operate, the economy, the other future conditions and involving other risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements and we therefore caution against relying on any of these forward-looking statements. Forward-looking statements are sensitive to many factors including those identified in Endurance’s most recent Annual Report on Form 10-K, quarterly report on Form 10-Q and other documents unfiled with the SEC that can cause actual results to differ materially from those contained in forward-looking statements. Forward-looking statements speak only as of the date on which they are made, Endurance undertakes no obligation publicly to update or revise any forward-looking statements whether as a result of new information, future developments or otherwise. In addition, this presentation contains information regarding operating income, number of measures that are non-GAAP financial measures. For reconciliation of these items to the most directly comparable GAAP financial measures please refer to our press release which we can be found on our website at

I’ll now turn the call over to David Cash.

David Cash

Thank you, Greg. Good morning and welcome to our call. The fourth quarter was once again a challenging one for the insurance and reinsurance industry, with significant catastrophe loss activity dominating company results. As was announced on January 19th, Endurance experienced its fair share of those losses and this is reflected in the results we reported last night. 2011 was a tough year and it’s one that we’re happy to put behind us.

Looking forward, I’m pleased to say that we’re seeing positive underwriting and pricing trends across our different businesses. And it’s clear that we’re moving into an improved underwriting environment. Given the positive direction of the market and the strength of our underlying businesses, I believe that Endurance is well positioned for a strong 2012.

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