Endurance Names Stephen Young Head of Global Catastrophe Reinsurance

Endurance Specialty Holdings Ltd., a specialty provider of P&C insurance and reinsurance, appointed Stephen Young to lead Endurance's Global Catastrophe Reinsurance business, reporting to William Jewett, president of Endurance Specialty Holdings Ltd. Endurance says Christopher Schaper, the current leader of this business, will be leaving Endurance for a senior executive position elsewhere in the insurance and reinsurance industry.

Endurance says Young joined its Bermuda-based reinsurance team in 2002 as an underwriter. In 2005 he assumed responsibility for Endurance's U.S. catastrophe reinsurance business and, in 2010, his role was further expanded to include all property catastrophe underwriting in the Americas. In 2011, Young took on additional operational responsibilities for the property catastrophe reinsurance business. Prior to joining Endurance, he was employed as an underwriter by Scandinavian Reinsurance in Bermuda, notes Endurance.