Endurance of the Board of Directors declared quarterly divid

 

Monday, Mar 16,2009, 10:53:25 AM   Click:

27 February 2009 - Posted in auto insurance, the insurance, fire insurance, accident, disability insurance, financial services, general insurance, health insurance, life insurance, pet insurance, intellectual property insurance, reinsurance, pension

Endurance Specialty Holdings Ltd., Bermuda, provider of property and casualty insurance and reinsurance, announced today that its Board of Directors declared a quarterly dividend of $ 0.25 per common share and $ 0.484375 per share payable on its 7.75% Non-Cumulative Preferred Shares, Series A. Endurance The dividend on common shares outstanding will be payable March 31, 2009 to shareholders of record on 17 March 2009 and the dividend of endurance on the Preferred Shares Series A will be payable on 16 March 2009 to a series of Preferred Shares of record on March 6 2009.

The board also authorized the continuation of its share repurchase program for another two years, until 13 May 2011. Endurance of the current share repurchase program has remaining authority to repurchase up to 5565322 shares in the market or privately negotiated transactions from time to time, depending on market conditions.

Endurance Specialty Holdings Ltd. is a global provider of specialty insurance and reinsurance. Through its operating subsidiaries, Endurance writes property, casualty, liability of health care, agriculture, workers' compensation, insurance professionals and property lines, catastrophe , casualty, agriculture, marine, aerospace and surety and other specialty lines of reinsurance. We maintain excellent financial strength as evidenced by the note of A (Excellent) by AM Best (XV size category) and A (Strong) by Standard and Poor's of our operating subsidiaries (other than agro-enterprises in America Insurance Company) and A-(Excellent) by AM Best for agro-enterprises of America Insurance Company. Endurance 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 .