Standard & Poor's has revised its outlook on Bermuda-based Endurance Specialty Holdings and its subsidiaries, Endurance Specialty Insurance, Endurance Worldwide Insurance, and Endurance Reinsurance, to positive from stable.
S&P has also confirmed its 'BBB' counterparty credit rating on Endurance Specialty Holdings and its 'A-' counterparty credit and financial strength ratings on the subsidiaries.
The rating agency said the revised outlook was based on the company's performance through the recent hurricane season, "whereby the company has performed well versus peers in terms of capital and earnings, as well as from a volatility standpoint".
