Endurance Declares Quarterly Dividends

May 20, 2016

Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, declared a quarterly dividend of $0.38 per ordinary share, $0.39583 per share payable on its 7.50% Non-Cumulative Preferred Shares, Series B [the "Series B Preferred Shares"] and $396.875 per share payable on its 6.35% Non-Cumulative Preferred Shares, Series C [the "Series C Preferred Shares"].

The dividend on the Series C Preferred Shares equals $0.396875 per depositary share, each of which represents a 1/1,000th interest in a share of the Series C Preferred Shares [the "Series C Depositary Shares"].

The dividend on Endurance’s outstanding ordinary shares will be payable on June 30, 2016 to the ordinary shareholders of record on June 16, 2016 and the dividend on Endurance’s Series C Depositary Shares will be payable on June 15, 2016 to the shareholders of record of Series C Depositary Shares on June 1, 2016.

As previously announced, Endurance has issued a notice to redeem on June 1, 2016 all 9,200,000 shares outstanding of its Series B Preferred Shares. The Series B Preferred Shares will be redeemed at a redemption price of $25.00 per share together with an amount equal to any dividends that have been declared but not paid prior to June 1, 2016.

The dividend to be paid on the Series B Preferred Shares represents the amount of accrued and unpaid dividends from and including March 15, 2016 to but excluding the Redemption Date, based on a 360-day year consisting of twelve 30-day months.

The dividend on Endurance’s Series B Preferred Shares will be payable on the Redemption Date to the holders of its Series B Preferred Shares at the close of business on the Redemption Date. The notice to holders of the Series B Preferred Shares, specifying the terms, conditions and procedures for the redemption, is available through The Depository Trust Company and Endurance’s redemption agent, Computershare Trust Company, N.A. and Computershare, Inc.

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