Endurance Specialty Holdings, a specialty provider of property and casualty insurance and reinsurance, has announced the closing of the acquisition by Endurance US Holdings of Armtech Insurance Services and its affiliates.
Samuel Scheef, president of Armtech, affirmed: I am excited by the opportunity that Endurance’s capital strength provides to our clients, agents and employees. Armtech will continue to operate under my day-to-day direction and our staff and management team are committed to continuing to provide our Armtech clients with the same high quality, personalized service that has positioned us as a leader in the US crop insurance industry.
Kenneth LeStrange, chairman, president and CEO of Endurance, said: Armtech’s commitment to customer service, dedication to technological superiority and knowledgeable approach to underwriting risk in the crop insurance industry aligns superbly with Endurance’s values and objectives. We are excited to formally welcome Armtech and its skilled employees and look forward to working together with them.