PEMBROKE, Bermuda, Feb. 23, 2010 (GLOBE NEWSWIRE) -- Endurance Specialty Holdings Ltd. (NYSE:ENH), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, today commented on the amended Schedule 13D filed on February 22, 2010 by one of its shareholders, Perry Corp., whose President, Richard C. Perry, is a member of the Endurance Board of Directors.
The Board of Directors and management of Endurance are committed to delivering shareholder value, as demonstrated by its record of performance since inception, culminating in last week's reporting of record earnings and growth in book value per share. In addition, last week's announcement of the separation of the Chairman and CEO positions, combined with the ongoing Lead Independent Director role, is consistent with best practices in corporate governance. Endurance has an exceptionally strong balance sheet and excellent strategic position and will remain focused on delivering superior value for its shareholders.
About Endurance Specialty Holdings
Endurance Specialty Holdings Ltd. is a global specialty provider of property and casualty insurance and reinsurance. Through its operating subsidiaries, Endurance writes property, casualty, healthcare liability, agriculture and professional lines of insurance and property, catastrophe, casualty, agriculture, aerospace and marine, and surety and other specialty lines of reinsurance. We maintain excellent financial strength as evidenced by the ratings of A (Excellent) from A.M. Best (XV size category) and A (Strong) 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/">http://www.endurance.bm.