Endurance and Montpelier Announce Results of Special General Meetings

PEMBROKE, Bermuda, June 30, 2015 --(BUSINESS WIRE)- Endurance Specialty Holdings Ltd. (NYSE:  ENH) ("Endurance") and Montpelier Re Holdings Ltd. (NYSE: MRH) ("Montpelier") today announced that Montpelier common shareholders voted in favor of the proposed merger (the "Merger") with Millhill Holdings Ltd., a direct, wholly-owned subsidiary of Endurance, at a special general meeting of Montpelier common shareholders held today, June 30, 2015, in Pembroke, Bermuda.  It was also announced that Endurance ordinary shareholders voted in favor of the proposed Endurance ordinary share issuance in connection with the Merger at a special general meeting of Endurance ordinary shareholders held today, June 30, 2015, in Pembroke, Bermuda.

The Merger remains subject to other customary closing conditions, including receipt of regulatory approvals.  Endurance and Montpelier expect to complete the Merger early in the third quarter of 2015.

About Endurance
Endurance is a global specialty provider of property and casualty insurance and reinsurance. Through its operating subsidiaries, Endurance writes agriculture, casualty and other specialty, professional lines and property, marine and energy lines of insurance and catastrophe, property, casualty, professional lines and specialty lines of reinsurance. Endurance maintains excellent financial strength as evidenced by the ratings of A (Excellent) from A.M. Best (XV size category) and A (Strong) from Standard and Poor's on Endurance's principal operating subsidiaries. Endurance's headquarters are located at Waterloo House, 100 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 www.endurance.bm.

About Montpelier

Montpelier, through its operating subsidiaries, is a premier provider of global property and casualty reinsurance and insurance products. Additional information can be found in Montpelier's public filings with the Securities and Exchange Commission (the "SEC").

Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995

Some of the statements in this joint press release may include, and we may make related oral, forward-looking statements which reflect our current views with respect to future events and financial performance. Such statements may include forward-looking statements both with respect to us in general and the insurance and reinsurance sectors specifically, both as to underwriting and investment matters. These statements may also include assumptions about the Merger (including its benefits, results, effects and timing). Statements which include the words "should," "would," "expect," "intend," "plan," "believe," "project," "anticipate," "seek," "will," and similar statements of a future or forward-looking nature identify forward-looking statements in this joint press release for purposes of the U.S. federal securities laws or otherwise. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the Private Securities Litigation Reform Act of 1995.