Enterprise Risk Management

Since our inception, Endurance has embraced ERM as a strategic tool that differentiates our company from our peers. We strongly believe that our leading ERM practices, which have been recognized by Standard & Poor's with an ERM rating of "Strong" – a distinction that only 20% of North America and Bermuda insurance companies share, make Endurance an ideal long-term business partner. Our ERM framework is designed to:

  • Identify, assess, measure, monitor and manage risks 
  • Optimize our risk based capital position
  • Maximize our risk adjusted returns on capital
  • Manage underwriting, investment and operational volatility
  • Clearly communicate our approach to our employees and external constituencies

Risk Culture

Risk management discipline is built into Endurance's corporate culture and processes and is an important consideration as we manage our risk exposure on both the asset and liability sides of our balance sheet.  Our underwriting approach gives careful consideration to controls in the selection of risk, deployment of capital, and management of aggregates and delegated authorities. We see risk as more than just a potential for loss, but also as a potential for opportunity.

Risk Governance 

We consider ERM the responsibility of every Endurance employee. With oversight by Christopher Gallagher, Chief Risk Officer & Group Actuary, and active engagement from individual risk owners, the Risk and Internal Audit functions, and our Board of Directors, we maintain transparent communications and successfully execute our risk strategy.

Risk Analytics

Endurance maintains a corporate risk scorecard that monitors all risks and their correlations across the organization encompassing underwriting, catastrophe, reserving, investment, counterparty, and operational risks. We regularly assess the controls that are in place for each risk category and we continue to strengthen these controls as we gain insights from external events. Our risk assessment is supported by our modeling capabilities for each of these risk categories, as well as by our economic capital model, however, we believe it is critical to maintain an appropriate balance between a technical approach to measuring risk and realistic scenarios to stress-test our thinking and to plan for emerging risks.