Endurance Announces New Chief Actuary

Business Wire, June 20, 2005

PEMBROKE, Bermuda -- Endurance Specialty Holdings Ltd. (NYSE:ENH), a global provider of property and casualty insurance and reinsurance, announced today that Michael E. Angelina has joined Endurance as its new Chief Actuary. Mr. Angelina has over 20 years of professional experience as a practicing actuary, most recently as a Principal and head of the Philadelphia office of the consulting actuarial firm Tillinghast Towers Perrin.

Kenneth J. LeStrange, Chairman, President and Chief Executive Officer, commented, "We expect Mike's strong intellect and actuarial skills will be a valuable addition to our management team. His knowledge will assist Endurance in maintaining its preeminent industry position in the assessment of underwriting risk. In addition, this will now permit David Cash to focus his efforts on his role as President of Endurance Specialty Insurance Ltd., after having built on behalf of Endurance industry leading risk technology and a highly respected team of actuaries."

Mr. Angelina is an Associate of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. Mr. Angelina graduated from Drexel University with a B.S. in Mathematics, and began his actuarial career with CIGNA in the workers compensation and actuarial research units. Mr. Angelina then joined Tillinghast in 1988 where he participated in the development of Tillinghast's excess of loss pricing system and its Global Loss Distributions initiative, as well as numerous client assignments, with a focus on reinsurance companies. Mr. Angelina worked for one year for Reliance Reinsurance Corp. as a Vice President and Actuary prior to returning to Tillinghast in 2000. Mr. Angelina is the co-author of Tillinghast's industry-wide asbestos actuarial study and participated in the development of the 2003 FAIR Act (proposed Federal asbestos legislation).

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.