Endurance Specialty Holdings Ltd. Issues Statement
October 04 2016 - 2:35PM
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.
Contact
Investor Relations
Phone: +1 441 278 0988
Email: investorrelations@endurance.bm
# # #
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Endurance Specialty Holdings Ltd via
Globenewswire
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