Endurance Specialty Holdings (ENH)
has long been a pretty solid mid-tier insurance company, with
operations split across both insurance and reinsurance operations. The
company has had to deal with the same premium, catastrophe, and
portfolio investment challenges as everybody else (to the detriment of
returns), but has largely avoided the big mistakes.
Even so, the
board was not content to just leave well enough alone and the addition
of a new CEO earlier this year seems as though it will lead to some
extensive changes for Endurance. On the basis of what I believe to be
relatively conservative expectations Endurance still looks undervalued,
and I think that makes it at least a name worth watching.
Read the full article at Seeking Alpha:
Endurance Delivers A Solid Result, But There's Plenty Still To Do
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