Endurance Announces Promotion of Susan Patschak and Christopher Schaper in Bermuda Subsidiary.

PEMBROKE, Bermuda -- Endurance Specialty Holdings Ltd. (NYSE:ENH), a global provider of property and casualty insurance and reinsurance, announced today the promotions of two senior executives at Endurance Specialty Insurance Ltd., its Bermuda operating subsidiary. Susan J. Patschak will become Executive Vice President and Chief Operating Officer and Christopher T. Schaper will become Executive Vice President and Head of Reinsurance Operations. Both executives will report to Daniel M. Izard, President of Endurance Specialty Insurance Ltd. Both promotions are effective upon approval by the Bermuda Department of Immigration.

Susan Patschak joined Endurance in September of 2004 and was most recently Senior Vice President of the Company's Property Treaty unit. She is also currently a member of Endurance's Loss Reserve Committee. From 2002 to 2004, Ms. Patschak served as Global Chief Actuary of ACE where she was responsible for coordinating and consolidating all actuarial functions of the group. Ms. Patschak began her insurance career with the Wyatt Company in Washington D.C. as an Actuarial Assistant. Shortly thereafter, she joined Tillinghast - Towers Perrin where she held numerous management positions, including Property/Casualty Sector Leader for North America and Managing Director of Latin America and Asia/Pacific. Ms. Patschak was the liaison between Tillinghast and Towers Perrin Reinsurance, promoting joint marketing of services for these two divisions of Towers Perrin and she served as the Location Manager for the Atlanta, Philadelphia, and Bermuda offices.

Ms. Patschak received her Bachelor of Science degree in mathematics from the University of Maryland. Recently elected Vice Chairman of the Bermuda Independent Underwriters Association, she is also a member of the American Academy of Actuaries, a Fellow of the Casualty Actuarial Society, and a Board member of the Leadership Foundation of America.

Christopher Schaper was most recently Senior Vice President and Head of the Casualty Treaty Reinsurance Group within Endurance Specialty Insurance Ltd. In his new role, Mr. Schaper will be responsible for all of the Company's property and casualty reinsurance business. Mr. Schaper joined Endurance in 2002 and has 20 years of experience within the insurance and reinsurance industry. Prior to joining Endurance, he was Director of Underwriting at Gerling Global Financial Products where he was involved with underwriting and structuring financial risk products. Previously, Mr. Schaper was with GE/ERC and was responsible for underwriting treaty reinsurance for the National/Global Treaty Reinsurance group. Prior to this, he underwrote facultative reinsurance at ERC, held underwriting positions within the insurance industry for property and casualty lines at CIGNA, as well as USF&G, and he began his career at the National Council on Compensation Insurance (NCCI). Mr. Schaper has extensive experience in pricing and structuring risk as well as developing risk management procedures for corporate underwriting initiatives.

Mr. Schaper holds a Masters Degree in International Business from Johns Hopkins University and is a Chartered Property Casualty Underwriter (CPCU).

In announcing these promotions, Daniel Izard commented, "The new roles for these two talented individuals will greatly enhance Endurance Specialty's ability to execute its strategic objectives. Susan brings a strong technical background to Endurance, enhanced by her many years of marketing and management experience. Chris's impressive and varied underwriting background provides him with insights and leadership skills which will improve our ability to move these important segments forward. I look forward to working with both of them in the years ahead."

Kenneth LeStrange, Chairman, President, and CEO of Endurance Specialty Holdings Ltd. said, "I am very pleased to see these two fine executives taking on these new roles at Endurance. Susan and Chris have each demonstrated an ability to make a difference through their market knowledge, energy, and insight. With their increased responsibilities, they are in a position to expand their influence and make an even greater contribution to the success of our organization."

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.