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2016-02-10

Endurance Specialty Holdings Ltd: Endurance Tailors Multi-Year WindLock® Contract for Meridian Energy Australia

Innovative Transaction Using Vaisala's Weather Data Will Reduce Earnings
Variability from Renewable Energy Production

PEMBROKE, Bermuda - February 10, 2016 - Endurance Specialty Holdings Ltd.
(NYSE:ENH), a Bermuda-based specialty provider of property and casualty
insurance and reinsurance, announced today that its market-leading Endurance
Global Weather unit has completed an innovative, multi-year wind hedging
transaction with Meridian Energy Australia, a leading Australian electricity
supplier that uses environmentally sustainable renewable resources.

Endurance Global Weather, via its customized WindLock®product, provides
financial risk protection for companies seeking to manage the wind
variability of operating assets as well as assets in development. This
transaction will provide Meridian financial protection against the risk of
low annual earnings from price and volume variability at Meridian's Mt.
Millar wind farm in South Australia.

Mr. Martin Malinow, Endurance Global Weather's President said, "This
transaction is noteworthy given the site-specific settlement data provided by
Vaisala and the relatively long contract duration. Endurance Global Weather
has a successful track record of pioneering tailored solutions for its global
client base and was delighted to work with Meridian to execute this WindLock
transaction."

Meridian Energy Australia General Manager, Energy Trading, Mr. James Waldren
commented, "As a merchant renewable energy company, we see this transaction
as an innovative way of complementing our existing portfolio of risk
management solutions to provide greater earnings certainty for Meridian."

Mr. Ed McManus, CEO of Powershop, Meridian Australia's electricity retail
business, added, "This solution is consistent with our innovative approach to
electricity supply which our customers have grown to expect from Powershop."

Vaisala, a global leader in weather measurement and renewable energy
consulting services, will report and quality-control the wind data used for
settlement of the WindLock transaction. Mr. Pascal Storck, Global Manager of
Energy Services at Vaisala, commented, "We're excited to play such a key role
in this ground-breaking transaction. By providing accurate wind measurements
at Mt. Millar, where there is no public weather station at the relevant hub
height, we are able to reduce potential basis risk for Meridian."

Mr. Malinow added, "We know from working with our wind clients that effective
risk management can facilitate project finance by securing advantageous terms
for debt and equity while potentially allowing developers to allocate their
equity across a greater diversity of projects. There is also a benefit to the
counterparties to power purchase agreements in passing the financial risk of
volumetric uncertainty to weather-diverse third parties like Endurance Global
Weather."

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 agriculture, professional lines, property, marine and
energy, and casualty and other specialty lines of insurance and catastrophe,
property, casualty, professional lines and 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
and Poor's on our 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 visitwww.endurance.bm.

Contact

Investor Relations
Phone: +1 441 278 0988
Email: investorrelations@endurance.bm

About Vaisala Energy

Weather is the largest variable impacting electricity generation,
transmission, and demand and it provides the fuel for renewable energy
projects. Energy customers work with Vaisala to support efficient, reliable,
and profitable electrical energy systems around the globe with a wide range
of measurement, assessment, forecasting, and asset management products and
services. Our real-time and historical lightning information ensures
continuous energy generation, improved safety, and reduced costs in both
energy production and transmission. Renewable energy developers and operators
use Vaisala equipment and services to support the entire project lifecyle,
from greenfield prospecting and due diligence to operational forecasting and
plant
optimization.linkedin.com/company/vaisala-energytwitter.com/VaisalaEnergy

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Endurance Specialty Holdings Ltd via Globenewswire

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