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Endurance Specialty names John R. Charman CEO, chairman

Endurance Specialty announced that its board has elected John R. Charman as the company's chairman and CEO, effective immediately. David Cash has stepped down as the company's CEO and as a member of the board. William H. Bolinder, the current chairman of the board, has become the company's lead director. Prior to his joining Endurance, Charman, together with members of his family, became one of its largest shareholders with the purchase of $30M of the company's ordinary shares and indicated their intent to reinvest the dividends received on their investment.