Endurance Specialty Names Angelina as New Chief Actuary

June 21, 2005

Bermuda’s Endurance Specialty Holdings Ltd., a global provider of property and casualty insurance and reinsurance, announced that Michael E. Angelina has joined the company as its new Chief Actuary. He 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.

Bermuda’s Endurance Specialty Holdings Ltd., a global provider of property and casualty insurance and reinsurance, announced that Michael E. Angelina has joined the company as its new Chief Actuary. He 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.

Chairman, President and CEO Kenneth J. LeStrange 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.”

Angelina is an Associate of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. He 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. He joined Tillinghast in 1988 where he participated in the development of Tits excess of loss pricing system and its Global Loss Distributions initiative, as well as numerous client assignments, with a focus on reinsurance companies. Angelina worked for one year for Reliance Reinsurance Corp. as a VP and Actuary prior to returning to Tillinghast in 2000. He 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).

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