updated 8/27/2010 4:53:26 AM ET 2010-08-27T08:53:26

PEMBROKE, Bermuda, Aug. 26, 2010 (GLOBE NEWSWIRE) -- Endurance Specialty Holdings Ltd. (NYSE:ENH), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, today announced that Arturo E. Falcon has joined Endurance Worldwide Reinsurance to lead the expansion of Endurance's global reinsurance portfolio in the Latin American market, based in a new Endurance reinsurance office in Miami, Florida. Mr. Falcon has twenty-five years experience in reinsurance, having held a number of senior roles with oversight of underwriting, actuarial and claims operations, most recently managing Latin and South American offices for Odyssey America Reinsurance Company.

William M. Jewett, President of Endurance Specialty Holdings Ltd., commented that "Endurance is very much committed to expanding our capabilities to service the international reinsurance market and we are pleased to have Art join our multi-national team. His experience in the Latin American market and his relationships with ceding companies and brokers in the region complement the Latin America initiatives of our Bermuda-based international catastrophe reinsurance team, as well as the specialty knowledge of our product specialists in the U.S. and Bermuda. We are confident that with the full strength of our global resources working together, we can further grow and diversify our international risk portfolio."

Mr. Falcon joins Endurance from Odyssey America Reinsurance Company (formerly TIG Reinsurance Company) where he was responsible for reinsurance underwriting in South America, Central America, Mexico and the Caribbean since 1997. Prior to that, he was Vice President of American Reinsurance Company and General Manager of American Reinsurance Company (Chile) S.A., responsible for South American technical and operational support from 1988 to 1997. Mr. Falcon holds a J.D. degree from Widener University and a B.A. degree from North Carolina Wesleyan College.

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, 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

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