Endurance Specialty Holdings Ltd. Issues Statement
PEMBROKE, Bermuda - October 4, 2016 - Endurance Specialty Holdings Ltd. (NYSE:ENH) a Bermuda-based provider of property and casualty insurance and reinsurance, today confirmed that it is in advanced discussions with Tokyo-based global insurance carrier Sompo Holdings, Inc. (TYO:8630) regarding a potential strategic transaction. There can be no assurance that the discussions will lead to a definitive agreement. Endurance does not intend to comment further at this stage and any further statements will be made if and when appropriate.
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 agriculture, professional lines, property, marine and energy, and casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines and specialty lines of reinsurance. We maintain excellent financial strength as evidenced by the ratings of A (Excellent) from A.M. Best (XV size category), A (Strong) from Standard and Poor's and A2 from Moody's on our principal operating subsidiaries. Endurance's headquarters are located at Waterloo House, 100 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 www.endurance.bm.
Cautionary Note Regarding Forward-Looking Statements
Some of the statements in this press release may include, and Endurance may make related oral, forward-looking statements which reflect its current views with respect to future events and financial performance. Such statements may include forward-looking statements both with respect to Endurance in general and the insurance and reinsurance sectors specifically, both as to underwriting and investment matters. These statements may also include assumptions about the proposed transaction (including its benefits, results, effects and timing). Statements which include the words "should," "would," "expect," "intend," "plan," "believe," "project," "anticipate," "seek," "will," and similar statements of a future or forward-looking nature identify forward-looking statements in this press release for purposes of the U.S. federal securities laws or otherwise. Neptune intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. Private Securities Litigation Reform Act of 1995.
Phone: +1 441 278 0988
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