Endurance Opens Canadian Branch

Endurance Reinsurance Corp. of America, part of Bermuda-based Endurance Specialty, has opened a new Canadian branch based in Toronto, to be headed up by Michael Rende.

“The Canadian branch office will initially focus on treaty reinsurance business for Canadian cedants, with a primary focus on property treaty,” notes a company statement.

Rende moved to Endurance’s Bermuda headquarters last year as part of Endurance’s purchase of Hart Re’s renewals rights. He now returns to Canada in the chief agent’s role. “Our team is looking forward to spearheading Endurance Re’s expansion into Canada. Our disciplined approach to the market and our focus on client service, together with our financial strength, should serve our Canadian brokers and client companies extremely well.”

Endurance says the move is part of an overall strategy of global expansion.