Endurance says strong growth sustainable

Bermuda-based Endurance Specialty can “sustain very strong growth” at its current capital level, according to chief financial officer James Kroner in a conference call on November 5. He noted that the renewal rights acquisition was “exceeding high expectations”. However, he did mot think that Endurance was likely to pursue additional renewal rights transactions, at least in the near future. At the same conference call the company said that “we have seen quite a number. We’ve not pursued the others for a variety of reasons, and I do not see another renewal rights transaction ahead of us on the reinsurance side”.