Second Quarter earnings for Endurance Specialty Limited through June 30, 2002*

Net income: $31.3 million

Gross Premiums Written (and acquired)**: $264.3 million

Voluntary compliance with new SEC regulations for management: Endurance, as a privately-held company, is not subject to SEC legislation but the company reported yesterday that the company would follow the lead of public companies. As such its CEO and CFO will voluntarily, and personally, sign off on the company's results.

*The results are not compared to a period last year as Endurance is one the Island's newest insurance start-ups and only opened for business late in 2001.

** Endurance acquired $88 million in gross premiums when it took over the in-force business of La Salle Re in a deal that took effect from April 1, 2002.