Endurance Appoints William Bolinder Chairman of the Board and Nominates Two New Directors for Election to the Board

PEMBROKE, Bermuda, Feb. 23, 2011 (GLOBE NEWSWIRE) -- Endurance Specialty Holdings Ltd. (NYSE:ENH), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, today announced that William H. Bolinder has been elected to serve as Chairman of the Board of Directors effective March 3, 2011. Mr. Bolinder has been a member of Endurance's Board of Directors since December 2001 and the Lead Director since November 2006. He is currently Chairman of the Nominating and Corporate Governance Committee and serves as a member of the Underwriting and Risk Committees of the Board.  

Endurance also announced that it has nominated Susan Fleming Cabrera and Scott D. Moore for election to the Board of Directors at its Annual General Meeting of Shareholders to be held on May 11, 2011.  

Dr. Cabrera is a consultant, executive educator and visiting lecturer in management, finance and entrepreneurship at Cornell University.  Previously, she was a Principal at Capital Z Financial Services, a private equity firm, from 1998 to 2001 and a Partner from 2001 to 2003.  She was Vice President at Insurance Partners Advisors, LP, a private equity firm, from 1994 to 2003 and held various positions at Morgan Stanley and Company from 1992 to 1994. Dr. Cabrera currently serves on the boards of directors of Virtus Investment Partners, Inc. and Hanover Investors. She previously served on several boards including Quanta Capital Holdings, Ltd., a specialty insurance and reinsurance holding company, and Ceres Group, Inc., an insurance and annuity products provider.

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Mr. Moore was the Chief Executive Officer of PartnerRe U.S. from 1998 to 2009 and Executive Vice President and Chief Financial Officer of PartnerRe Ltd. from 1993 to 1998. Mr. Moore, a Certified Public Accountant, was employed for thirteen years, including three years as a Partner, with Coopers & Lybrand LLP specializing in the insurance industry.

Mr. Bolinder commented, "I'm honored to succeed Ken LeStrange, who founded Endurance in 2001, as the new Chairman of the Board. With a diverse portfolio, established client relationships, capital strength and talented professionals, Endurance has an exceptional foundation on which to build for the future. In addition, I am extremely pleased to welcome Susan and Scott to our Board of Directors. We look forward to their insights gained from years of experience leading insurance companies."

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About Endurance Specialty Holdings

Endurance Specialty Holdings Ltd. is a global specialty provider of property and casualty insurance and reinsurance. Through its operating subsidiaries, Endurance writes property, casualty, healthcare liability, agriculture and professional lines of insurance and property, catastrophe, casualty, aerospace and marine, and surety and other specialty lines of reinsurance. We maintain excellent financial strength as evidenced by the ratings of A (Excellent) from A.M. Best (XV size category) and A (Strong) from Standard & Poor's. Endurance's headquarters are located at Wellesley House, 90 Pitts Bay Road, Pembroke HM 08, Bermuda and its mailing address is Endurance Specialty Holdings Ltd., Suite No. 784, No. 48 Par-la-Ville Road, Hamilton HM 11, Bermuda.  For more information about Endurance, please visit http://www.endurance.bm.

CONTACT: Investor Relations Phone: (441) 278-0988 Email: investorrelations@endurance.bm