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Endurance Specialty Holdings Ltd. has named former American International Group Inc. executive Michael Nardiello to a senior role with its recently launched large-account arm Global Risk Solutions.
The Pembroke, Bermuda-based specialty property/casualty insurer said Monday that Mr. Nardiello is New York-based Global Risk Solutions' senior vice president and property product leader.
In a more than 20-year industry career, Mr. Nardiello most recently was a regional property executive at AIG. Prior to joining AIG in 2012, he held a variety of roles at what now is Marsh L.L.C., most recently as U.S. property placement leader, Endurance said in a statement.
Global Risk Solutions, launched earlier this year, targets large-account risk management clients.
The new platform, headed by Global Risk Solutions CEO Michael Chang, has put its initial focus on the real estate and hospitality, financial institutions and professional services industries.
Mr. Nardiello's “deep property product knowledge and extensive experience in our target industry classes, both as an underwriter and a broker, will differentiate us in these key markets,” Mr. Chang said in the statement.
Endurance Specialty Holdings Ltd. has recruited a former Chubb Corp. executive to lead its push into large account commercial insurance.