AXIS Capital Appoints Ben Rubin as Executive Vice President, Capital Markets at AXIS Re

  AXIS Capital Appoints Ben Rubin as Executive Vice President, Capital Markets
  at AXIS Re

Business Wire

PEMBROKE, Bermuda -- June 4, 2013

AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced
that Ben Rubin will join AXIS Re as Executive Vice President, Capital Markets,
effective July 8th. In this newly-created position, Mr. Rubin will be
responsible for managing and developing relationships with third-party capital
providers in support of AXIS Capital’s global specialist underwriting
operations. Mr. Rubin will report to Jay Nichols, Chief Executive Officer of
AXIS Re.

Mr. Rubin joins from Bank of America Merrill Lynch, where he was most recently
a director in the Investment Banking unit in New York. During his tenure
there, his diverse experiences encompassed capital markets, mergers and
acquisitions, private equity and insurance-linked securities. He was also
instrumental in the creation and execution of a number of financings globally
including: sidecars, catastrophe bonds and risk transfer transactions.

Commenting on the appointment, Mr. Nichols said: “I have worked closely with
Ben on a number of ventures over the years that brought innovative alternative
reinsurance structures to the market. He is a seasoned professional whose
expertise will be instrumental in leveraging our strong global specialist
underwriting franchises. I expect Ben's contributions will be invaluable in
leading AXIS into a leadership position in the rapidly expanding convergence
of reinsurance and the capital markets.”

AXIS Capital is a Bermuda-based global provider of specialty lines insurance
and treaty reinsurance with shareholders’ equity at March 31, 2013 of $5.9
billion and locations in Bermuda, the United States, Europe, Singapore,
Canada, Australia and Latin America. Its operating subsidiaries have been
assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A”
(“Excellent”) with a positive outlook by A.M. Best.

Contact:

Investors:
AXIS Capital Holdings Limited
Linda Ventresca, 441-405-2727
investorrelations@axiscapital.com
or
Media:
Kekst and Company
Michael Herley, 212-521-4897
michael-herley@kekst.com