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AXIS Capital is the Bermuda-based holding company of the AXIS Group of Companies. AXIS Capital provides specialty insurance and treaty reinsurance on a global basis through operating subsidiaries and branch networks based in Bermuda, the United States, the United Kingdom, Ireland and Switzerland and through a representative office in 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 in its established global network. At March 31, 2008, AXIS Capital had shareholders’ equity of $5.4 billion, total capitalization of $5.9 billion and total assets of $15.6 billion.
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