AXIS Accident & Health Names Richard Phillips as Senior Vice President, Chief Underwriting Officer, North American Reinsurance

  AXIS Accident & Health Names Richard Phillips as Senior Vice President,
  Chief Underwriting Officer, North American Reinsurance

Business Wire

PRINCETON, N.J. -- June 6, 2013

AXIS Accident & Health, a division of AXIS Capital Holdings Limited (NYSE:
AXS), today announced the appointment of Richard Phillips as Senior Vice
President, Chief Underwriting Officer of its North American Reinsurance
Division. Reporting to Dan Bolgar, CEO - Reinsurance, AXIS Accident & Health,
Mr. Phillips will be based in Princeton, NJ.

With nearly 29 years of industry experience, Mr. Phillips was most recently
President of Munich Health North America Inc.’s Reinsurance Division, where he
was responsible for the management of Munich Health’s US health reinsurance
business. At AXIS Accident & Health, the reinsurance underwriting staff will
report to Mr. Phillips, who will also work closely with the business’s
actuarial team.

“As a well-known and widely respected professional within the accident and
health reinsurance industry, Rich has a proven ability to oversee the
profitable growth of a significant portfolio,” said Mr. Bolgar. “He will lead
our efforts to continue developing innovative approaches in the highly dynamic
US health reinsurance sector.”

Mr. Phillips received his Bachelor of Arts in Mathematics from Rutgers
University in New Brunswick, NJ. Additionally, he is a member of the American
Academy of Actuaries (MAAA) and a Fellow of the Society of Actuaries (FSA).

AXIS Accident & Health offers accident and health insurance and reinsurance
coverage for employers, affinity groups, schools, financial institutions and
other customers through managing general underwriters, brokers, third party
administrators, and other key distributors. With significant capacity for
underwriting global reinsurance risks for accident and health insurance
carriers, AXIS Accident & Health has offices in Princeton, New Jersey;
Chicago, Illinois; St. Paul, Minnesota; London, England; Barcelona, Spain;
Madrid, Spain; Paris, France; Dublin, Ireland; Zurich, Switzerland, and
Singapore. For more information, please visit www.AXISaccidenthealth.com.

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:

Investor
AXIS Capital Holdings Limited
Linda Ventresca, 441-405-2727
Investorrelations@AXIScapital.com
or
Media
AXIS Accident & Health
Michael Updyke, 609-375-9132
Michael.Updyke@AXIScapital.com