Endurance Appoints Michael Fujii to Head U.S.-Based Insurance Business

Business Wire, Oct 19, 2004

PEMBROKE, Bermuda -- Endurance Specialty Holdings Ltd. (NYSE:ENH) announced today that it has named Michael Fujii to lead and manage the development of Endurance's insurance business in the United States. With a focus on developing key areas of specialization within the Property and Casualty insurance arena, Endurance will underwrite on both an admitted and non-admitted basis.

Mr. Fujii joins Endurance from Great American Custom Insurance Services, where he most recently served as President and CEO. Prior to that, Mr. Fujii was President of CIGNA E&S from 1987 to 1992. A graduate of Loyola University-Los Angeles, Mr. Fujii is a member of the AICPA and the California Institute of Certified Public Accountants. Mr. Fujii also sits on the board of the Insurance Institute's Charitable Foundation.

"We are delighted that someone of Mike's caliber has decided to lead the creation of our specialty insurance business," commented Endurance CEO, Kenneth J. LeStrange. "This is an exciting initiative for the company, and we look forward to applying our principles of specialization, disciplined underwriting, and superior client service in this business as well."

The expansion into the U.S. insurance market comes on the heels of the company announcing its entrance into Surety business and Agribusiness. "Endurance's business model is based on flexibility and specialization," said Mr. LeStrange. "Thanks in large part to our strong capitalization and nimbleness, Endurance is able to take advantage of opportunities in the market. We feel that in establishing a U.S. insurance business, we can continue to offer products and services that meet the changing needs of clients."

About Endurance Specialty Holdings

Endurance Specialty Holdings Ltd. is a global provider of property and casualty insurance and reinsurance. Through its operating subsidiaries, Endurance currently writes property per risk treaty reinsurance, property catastrophe reinsurance, casualty treaty reinsurance, property individual risks, casualty individual risks, and other specialty lines. Endurance's operating subsidiaries have been assigned a group rating of A (Excellent) from A.M. Best, A2 by Moody's and A- 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.