Two of Endurance Specialty Holdings Ltd.'s founding shareholders ? Texas Pacific Group and Thomas H. Lee Partners entities ? are to sell 8 million ordinary shares in a block trade.

Goldman Sachs & Co. will purchase the ordinary shares from Texas Pacific and Thomas H. Lee Partners and subsequently sell them to public investors. The ordinary shares are being offered under Endurance's Form S-3 shelf registration statement and represent approximately 13 percent of the ordinary shares outstanding. Endurance will not receive any proceeds from the sale.

After the completion of the sale, all of the initial investors in Endurance will own a total of approximately 32% of Endurance's ordinary shares.