Endurance Launches U.S. Commercial Property Retail Division

July 8, 2014

Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as executive vice president and head of commercial property within its U.S. Insurance operation.

Maritzen will be responsible for building a new property team with a focus on retail distribution channels.

He joins Endurance with nearly 20 years of experience in underwriting and broker roles. Most recently, Maritzen was senior vice president and head of U.S. Property for Tokio Marine Global. Before that, he held a series of management positions at Guy Carpenter in New York from 2005 through 2011—the last role being managing director and head of Guy Carpenter Broking Inc.

Maritzen started his career at Gerling Insurance and then served as a property broker at Marsh from 1998 through 2005.

He is joined by Sharon Herbert, vice president, commercial property—another 20 year veteran in the market.

Maritzen is based in Endurance’s New York City office, reporting to Doug Worman, CEO of U.S. Insurance, with a secondary reporting line to Richard Housley, Global Insurance Property leader.

Worman said the new property unit complements Endurance’s existing U.S. wholesale portfolio, calling the launch “a significant step in the expansion” the company’s integrated global property capabilities.

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