Bermuda-based re/insurer Endurance Specialty Holdings Ltd yesterday announced that Michael Belfatti will join the company as chief actuary.Mr Belfatti, who previously served as chief actuary for Bermuda reinsurer Validus Holdings Ltd, will be based in Endurance’s Bermuda office and will report to chief executive officer David Cash.Mr Belfatti’s appointment is subject to approval by the Bermuda Department of Immigration.The job entails responsibility for overseeing Endurance’s global pricing and reserving activities.”We are very pleased that Michael is joining Endurance as our chief actuary,” Mr Cash said. “Michael is a talented actuary with significant experience in the specialty insurance and reinsurance lines and as a senior consultant to the insurance industry and we are confident that he will be a great addition to our company and team.”Apart from his time with Validus, Mr Belfatti’s other previous roles include senior consultant and head of the actuarial practice for the Philadelphia office of Tillinghast and senior vice-president and chief actuary at Ace Financial Solutions.Mr Belfatti holds a BA in Mathematics and Political Science from Swarthmore College and a ME in Financial Engineering from Princeton University. He is a fellow in the Casualty Actuarial Society (CAS) and a member of the American Academy of Actuaries and the CAS Committee on Valuation, Finance and Investments. He has been a frequent speaker at industry conferences and has authored a number of articles on actuarial and risk management topics.