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Steven W. Carlsen is a founding member of Endurance, helping to raise the initial capital with CEO Ken LeStrange in 2001. Mr. Carlsen has been a member of the Board of Directors of Endurance Specialty Holdings Ltd. since February 2006 and provides Endurance with underwriting and operating services on a part-time basis as a consultant. Prior to retiring from his full-time executive positions on June 1, 2006, Mr. Carlsen served at various times as the Company's Chief Operating Officer, Chief Underwriting Officer and President of its U.S. reinsurance subsidiary. Mr. Carlsen began his career as a property facultative underwriter in 1979 and later as a treaty account executive for Swiss Reinsurance Company. He joined NAC Re in 1986, ultimately heading their Property and Miscellaneous Treaty Department (which included aviation, marine, surety and finite business). He managed NAC Re's retrocessions and was involved in the formation of their U.K. company. In 1994, Mr. Carlsen left NAC Re to join CAT Limited as their Chief Underwriter-North America and in 1997 was co-founder of CAT Limited's finite insurer, Enterprise Re. From 1999 until he joined the Company in 2001, Mr. Carlsen worked with three of Morgan Stanley Private Equity's insurance ventures, including Response Insurance and Homesite Insurance in the United States and The Underwriter Insurance Company Ltd. in the United Kingdom. | 