Endurance Specialty Holdings, a provider of property and casualty insurance and reinsurance, has announced that Daniel Izard will retire from his position as COO.

A former Air Force pilot, Mr Izard joined Endurance from Associated Aviation Underwriters, a joint venture of Chubb & Son and CNA Corporation where he served as president and CEO for 14 years. Mr Izard’s responsibilities will be assumed by the other members of Endurance’s executive team.

Kenneth LeStrange, chairman, president and CEO of Endurance Specialty Holdings, said: Dan’s contributions to Endurance since he joined the company six years ago have been a substantial part of our success. Dan served in a wide variety of positions while at Endurance, in each role he made a difference to the company and by sharing his experience and insights with his colleagues he helped Endurance develop into the company it is today.