ENDURANCE SPECIALTY HOLDINGS LTD. 8,000,000 Depositary Shares, Each representing a 1/1,000th interest in a share of UNDERWRITING AGREEMENT November 17, 2015Underwriting Agreement • November 20th, 2015 • Endurance Specialty Holdings LTD • Fire, marine & casualty insurance • New York
Endurance Specialty Holdings Ltd., an exempted company incorporated in Bermuda (the “Company”), confirms its agreement with Morgan Stanley & Co. LLC (“Morgan Stanley”) and Wells Fargo Securities, LLC (“Wells Fargo”) and each of the other Underwriters named in Schedule 1 hereto (collectively, the “Underwriters,” which term shall also include any underwriter substituted as hereinafter provided in Section 10), for whom Morgan Stanley and Wells Fargo are acting as representatives (in such capacity, the “Representatives”), with respect to the issue and sale by the Company, and (i) the purchase by the Underwriters, acting severally and not jointly, of the respective numbers of an aggregate of 8,000,000 depositary shares (the “Depositary Shares”), each such Depositary Share representing ownership of a 1/1,000th interest in a 6.350% Non-Cumulative Preferred Share, Series C, par value $1.00 per share, $25,000 liquidation preference per share, of the Company (the “Preferred Shares”) set forth in
