AXIS Capital is the Bermuda-based holding company
of the AXIS group of companies. AXIS Capital provides specialty
insurance
and treaty
reinsurance on a worldwide basis through operating subsidiaries
and branch networks based in Bermuda, the United States, Canada, the
United Kingdom, Ireland, Switzerland, Australia and Singapore.
AXIS Capital was capitalized with approximately $1.7 billion in
November 2001 to address the need for quality capacity in the global
insurance and reinsurance marketplace following the tragedy of
September 11th. In July 2003, the Company decided to go public
marking the first major step in its goal of financial flexibility.
By 2004, AXIS Capital had substantially established itself in both the global insurance and reinsurance marketplaces with meaningful presences in Bermuda, Europe and the United States. AXIS Capital has continued to focus on strong organic growth by maximizing opportunities available to the Company globally.
At March 31, 2010, AXIS Capital had shareholders’ equity of $5.4 billion, total capitalization of $6.4 billion and total assets of $16.3 billion.
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