Endurance Specialty Holdings Ltd was organized on June 27, 2002 under the laws of Bermuda to act as a holding company of providers of property and casualty insurance and reinsurance. The Company's business is organized into two business segments - Insurance and Reinsurance. Its Insurance segment is comprised of six lines of business: property, casualty, healthcare liability, workers' compensation, agriculture and professional lines. The Company's property insurance line of business is comprised of insured properties with sufficiently large values to require multiple insurers and reinsurers to accommodate their insurance capacity needs. Endurance Holding's casualty insurance line of business provides third party liability insurance for industry groups. Endurance Holding's healthcare liability line of business is focused on excess hospital medical professional liability insurance. The Company's Bermuda operation focuses on institutional healthcare providers such as large, stand-alone hospitals, multi-hospital systems, university teaching hospitals and integrated specialty hospitals. Endurance Holding's workers' compensation insurance line is mainly focused on niche markets in the U.S. The Company's target clients are small accounts written through local producers utilizing innovative technology and web-based systems to provide exceptional service to its clients. The Company entered the agriculture insurance business with the acquisition of ARMtech in December 2007. ARMtech focuses on traditional multiple peril crop insurance, crop hail, livestock risk protection and other agriculture risk management products, all offered through independent agents. Endurance Holding's professional lines insurance business includes directors' and officers' liability, errors and omissions, Employment practices liability, environmental liability and pension trust liability insurance and includes both non-profit and for-profit entities representing industry groups. The Company's Reinsurance segment is comprised of seven lines of business: casualty, property, catastrophe, agriculture, aerospace and marine and surety and other specialty. Endurance Holding's casualty reinsurance business line reinsures third party liability exposures from ceding companies on a treaty basis such as automobile liability, professional liability, directors' and officers' liability, umbrella liability and workers' compensation. Property reinsurance reinsures individual property insurance policies issued by its ceding company clients including both personal lines and commercial exposures. The Company's catastrophe reinsurance business line reinsures catastrophic perils for ceding companies on a treaty basis. Endurance Holding's agriculture reinsurance business line reinsures risks associated with the production of food and fiber on a global basis. The Company's aerospace line of business is comprised mainly of the reinsurance of aviation and space businesses. The Company provides surety reinsurance for contract and commercial surety as well as for the fidelity line of business on both a proportional and excess of loss basis. Endurance Holding's remaining business in this line represents contracts such as personal accident and terrorism, which are underwritten utilizing the expertise of its senior underwriting staff.