Endurance Specialty Holdings Ltd

The improvement in Endurance Specialty Holdings’ 2007 net result was due to three main factors: an improved performance on the underwriting front (helped in no small way by a highly favourable prior year loss development), a notable increase in investment income and, not least, by a 30.0% reduction in the company’s tax bill compared with the previous year

The Bermuda domiciled insurer and reinsurer, Endurance Specialty Holdings increased its net income by 4.6% from a profit of $528.0mn in 2006 to a profit of $542.0mn in 2007. The company was established in Bermuda in November 2001 during the reinsurance capacity crunch in the aftermath of the terrorist attack on the World Trade Center.