Endurance authorises repurchases of up to 5m shares

Endurance Specialty Holdings, the Bermuda-based re/insurance company, has declared a quarterly dividend of $0.38 per share payable on its ordinary shares.  The dividend on the shares will be payable on March 31, 2016. The Board of Directors also renewed the company's authorisation for the repurchase of up to 5 million ordinary shares in open market or privately negotiated transactions, from time to time, depending on market conditions. The new share repurchase authorisation continues through until February 28, 2018 and replaces the company's prior share repurchase authorisation, which was scheduled to expire on February 28, 2016.