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Endurance targets large account insurance sector

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Endurance Specialty Holdings Ltd. has recruited a former Chubb Corp. executive to lead its push into large account commercial insurance.

Michael Chang will join Endurance Specialty Holdings Ltd. as CEO of global risk solutions, the company said Tuesday.

He will join the Pembroke, Bermuda-based insurer and reinsurer as head of the newly formed business within Endurance Insurance on Feb. 22, the company said in a statement.

Mr. Chang, who will report to Jack Kuhn, CEO, global insurance, and will be based in New York, will be responsible “for building a platform targeting global industry vertical solutions for large-account risk management clients,” according to the statement

He was most recently executive vice president of the real estate and hospitality practice of the Chubb, where he began his career as a surety trainee in 1997. Chubb recently was acquired by Ace Ltd. and the merged company operates as Chubb Ltd.

“I am delighted to announce the formation of this new business and that Michael has decided to join our team to lead this strategic business initiative,” Mr. Kuhn said in the statement.