Endurance Specialty Holdings, a Bermuda-based specialty provider of property/casualty insurance and reinsurance, appointed Fred Cooper as executive vice president and head of U.S. financial institutions insurance, based in New York.
Cooper will be responsible for growing this specialty insurance business offering management liability coverage to financial institutions including hedge funds, private equity firms, banks and insurance companies.
Endurance said the addition of this new business to Endurance’s U.S. professional lines insurance area complements the company’s existing commercial management liability and EndurancePro units. Cooper brings to Endurance over 20 years’ experience underwriting management liability and financial institution insurance.
Cooper joins Endurance from Aspen Specialty, where he was executive vice president and chief directors and officers (D&O) underwriter, responsible for forming and leading a new business unit offering a suite of management liability products for commercial risks and financial institutions.
Before joining Aspen, he was with Axis Insurance, most recently as executive vice president for the financial insurance solutions segment where he led the commercial D&O business within Axis Professional Lines. Prior to that, Cooper was senior vice president, underwriting officer and product manager for Axis’s middle market/technology/private equity unit. He has also held underwriting roles at Liberty International Underwriters, Aon Financial Services and AIG.
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