Best Upgrades Rating on Endurance Specialty

A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) of Endurance Specialty Insurance Ltd. (Endurance) (NYSE:ENH), (Bermuda) and its operating affiliates. The rating outlook is stable. This action reflects the company's superior operating results which stem from the development of a strong broker distribution network, selective acquisitions and the successful implementation of underwriting and risk management controls. Additionally, Endurance maintains excellent capitalization with $1.5 billion of shareholder equity at March 31, 2003, along with a hi...