Endurance Specialty Holdings Set to Join the S&P MidCap 400; TimkenSteel to be Added to S&P SmallCap 600

Jul 30, 2015, 17:50 ET from S&P Dow Jones Indices

NEW YORK, July 30, 2015 /PRNewswire/ -- S&P MidCap 400 constituent TimkenSteel Corp. (NYSE: TMST) will replace Montpelier Re Holdings Ltd. (NYSE: MRH) in the S&P SmallCap 600, and Endurance Specialty Holdings Ltd. (NYSE: ENH) will replace TimkenSteel in the S&P MidCap 400 after the close of trading on Friday, July 31. Endurance Specialty Holdings is acquiring Montpelier Re Holdings in a deal expected to be completed on or about that date.

TimkenSteel manufactures and sells alloy steel, and carbon and micro-alloy steel products. Headquartered in Canton, OH, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Steel Sub-Industry index.

Endurance Specialty Holdings underwrites specialty lines of personal and commercial property and casualty insurance and reinsurance. Headquartered in Pembroke, Bermuda, the company will be added to the S&P MidCap 400 GICS Reinsurance Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – July 31, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Endurance Specialty Holdings

Financials

Reinsurance

DELETED

TimkenSteel

Materials

Steel

 

S&P SMALLCAP 600 INDEX – July 31, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

TimkenSteel

Materials

Steel

DELETED

Montpelier Re Holdings

Financials

Reinsurance

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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David Blitzer Managing Director and Chairman of the Index Committee S&P Dow Jones Indices (+1) 212 438 3907 david.blitzer@spdji.com 

David R. Guarino Communications S&P Dow Jones Indices (+1) 212 438 1471 dave.guarino@spdji.com

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