Endurance Specialty Increases Quarterly Dividend to $0.12 Per Share

Bermuda-based Endurance Specialty Holdings Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.12 per share payable on its Ordinary Shares and Class A Shares.

The payment represents an increase of $0.04 per share from its prior quarterly dividend, and will be payable on September 30, 2003 to the shareholders of record on September 16, 2003.

Endurance Specialty Holdings was formed by Aon Zurich Financial and other investors after the Sept. 11 attacks. It provides property and casualty insurance and reinsurance, through several operating subsidiaries.