Endurance Completes Capital Plan; Closes $200 Million in Senior Notes

October 18, 2005

Bermuda-based Endurance Specialty Holdings Ltd. announced that it has completed the sale of its 6.15 percent Senior Notes due 2015, the final phase in its plan to raise $600 million (See IJ Website Oct.3).

Chairman, President and CEO Kenneth J. LeStrange commented: “Today we finalized the last step in our capital raising plan, raising a total of $600 million in capital over the past two weeks through a balanced combination of offerings of common equity, preferred equity and debt. Once again, Endurance has demonstrated its commitment to nimble and active capital management to optimize its financial position for both its shareholders and business partners.”

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