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Company News 2004 news Releases
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AXIS CAPITAL TO HOST TELECONFERENCE TO DISCUSS FOURTH QUARTER 2004 FINANCIAL RESULTS

Pembroke, Bermuda, December 29, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) announced today that it expects to release financial results for the fourth quarter ended December 31, 2004, on Tuesday, February 8, 2005, after the close of the financial markets.…

AXIS U.S. INSURANCE SELECTS AON’S MEDIA/PROFESSIONAL INSURANCE AS UNDERWRITING AND CLAIMS MANAGER

Alpharetta, Georgia, December 14, 2004 – AXIS U.S. Insurance announced today that AXIS Professional Liability (AXIS PRO) has appointed Media/Professional Insurance to serve as Managing General Underwriter for certain miscellaneous professional liability (MPL) lines of business.…

AXIS CAPITAL BOARD AUTHORIZES $350 MILLION SHARE REPURCHASE PLAN AND DECLARES QUARTERLY DIVIDEND

Pembroke, Bermuda, December 9, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that its Board of Directors has approved the repurchase of up to $350 million of its common shares.…

AXIS CAPITAL RECEIVES INQUIRIES FROM STATE INSURANCE REGULATORS

Pembroke, Bermuda, December 7, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that its United States operating subsidiaries have received subpoenas or requests for information from various state insurance regulators regarding incentive commission agreements, fictitious and inflated quotes, tying and related issues…

AXIS CAPITAL TO PARTICIPATE IN PANEL AT LEHMAN BROTHERS GLOBAL REINSURANCE BRIEFING CONFERENCE DECEMBER 1, 2004

Pembroke, Bermuda, November 29, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) announced today that Michael Morrill, CEO and President of AXIS Reinsurance Company, is scheduled to participate in the “Reinsurance Challenges as Pricing Softens” panel at the Lehman Brothers Global Reinsurance Briefing Conference in New York City. The panel discussion will take place on Wednesday, December 1, 2004…

AXIS CAPITAL ANNOUNCES CLOSING OF $500 MILLION SENIOR NOTES OFFERING

Pembroke, Bermuda, November 15, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced the closing of its public offering of $500 million of senior notes due 2014. The senior notes will bear interest at 5.75% per year and, unless previously redeemed, will mature on December 1, 2014.…

AXIS CAPITAL PRICES $500 MILLION SENIOR NOTES OFFERING

Pembroke, Bermuda, November 9, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that it has priced an offering to sell $500 million of senior notes due 2014. The senior notes will bear interest at 5.75% per year and, unless previously redeemed, will mature on December 1, 2014.…

AXIS CAPITAL ANNOUNCES STRATEGIC REALIGNMENT OF ORGANIZATIONAL STRUCTURE

Pembroke, Bermuda, November 8, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that it will realign its organizational structure to enhance the brand and operations of its insurance businesses and its reinsurance businesses globally. Effective January 1, 2005, the Company will implement two distinct global underwriting platforms – AXIS Insurance and AXIS Re.…

AXIS SPECIALTY RECEIVES MAS APPROVAL TO ESTABLISH REPRESENTATIVE OFFICE IN SINGAPORE

Pembroke, Bermuda, November 7, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that its subsidiary, AXIS Specialty Limited, has received approval from the Monetary Authority of Singapore (“MAS”) to establish a representative office in Singapore.…

AXIS CAPITAL INVESTOR FINANCIAL SUPPLEMENT THIRD QUARTER 2004

Pembroke, Bermuda, November 3, 2004 – …

AXIS CAPITAL REPORTS NET INCOME OF $6.3 MILLION FOR THIRD QUARTER 2004

Pembroke, Bermuda, November 3, 2004 – AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today reported net income for the quarter of $6.3 million, or $0.04 per diluted share, compared to $147.0 million, or $0.90 per diluted share, for the third quarter ended September 30, 2003. Net income for the nine months ended September 30, 2004 was $313.9 million, or $1.89 per diluted share, compared to $371.9 million, or $2.46 per diluted share, for the corresponding period in 2003.…

AXIS CAPITAL REPORTS TOTAL ESTIMATED IMPACT OF HURRICANES FOR THE THIRD QUARTER

Pembroke, Bermuda, October 11, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today reported that the total estimated net after-tax impact relating to its exposure to Hurricanes Charley, Frances, Ivan and Jeanne during the third quarter is expected to be between $190 - $210 million. This estimate is derived from the output of industry models, a review of in-force contracts and preliminary indications from clients. Actual losses from these hurricanes may vary materially from estimated losses.…

AXIS CAPITAL TO HOST TELECONFERENCE TO DISCUSS THIRD QUARTER 2004 FINANCIAL RESULTS

Pembroke, Bermuda, September 29, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) announced today that it expects to release financial results for the third quarter ended September 30, 2004, on Wednesday, November 3, 2004, after the close of the financial markets.…

AXIS CAPITAL TO PARTICIPATE IN PANEL AT THE FOX-PITT, KELTON FINANCIAL SERVICES CONFERENCE SEPTEMBER 21, 2004

Pembroke, Bermuda, September 17, 2004 – AXIS Capital Holdings Limited ((“AXIS Capital”) (NYSE: AXS) today announced that its CFO, Andrew Cook, together with Michael Morrill, CEO and President of AXIS U.S. Reinsurance, are scheduled to participate in the Property & Casualty Insurance Panel at the Fox-Pitt, Kelton Financial Services Conference on Tuesday, September 21, at 8:10 a.m. Eastern.…

AXIS CAPITAL DECLARES QUARTERLY DIVIDEND OF $0.125 PER SHARE

Pembroke, Bermuda, September 13, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.125 per ordinary share. The dividend is payable on October 14, 2004 to shareholders of record at the close of business on September 30, 2004. …

AXIS CAPITAL TO COMPLY WITH SUBPOENA REGARDING BROKER COMPENSATION

Pembroke, Bermuda, September 1, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that its U.S. holding company has received a subpoena from the Office of the Attorney General of the State of New York…

AXIS CAPITAL COMMENTS ON IMPACT OF HURRICANE CHARLEY

Pembroke, Bermuda, August 25, 2004 – AXIS Capital Holdings Limited ((“AXIS Capital”) (NYSE: AXS) today announced that the estimated net after-tax impact relating to its exposure to Hurricane Charley is expected to be between $60 - $80 million.…

AXIS CAPITAL INVESTOR FINANCIAL SUPPLEMENT SECOND QUARTER 2004

Pembroke, Bermuda, August 4, 2004 – …

AXIS CAPITAL ANNOUNCES INTENTION TO FILE UNIVERSAL SHELF REGISTRATION

Pembroke, Bermuda, August 4, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) announced today that it intends to file an unallocated universal shelf registration statement with the Securities and Exchange Commission on Friday, August 6, 2004. Once the shelf registration has become effective, AXIS Capital may issue, in one or more offerings, up to $750 million of equity, debt, trust preferred and other securities or a combination of the above.…

AXIS CAPITAL REPORTS NET INCOME OF $140.9 MILLION FOR SECOND QUARTER 2004

Pembroke, Bermuda, August 4, 2004 – AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today reported net income for the second quarter of 2004 of $140.9 million, or $0.84 per diluted share, compared to $117.8 million, or $0.81 per diluted share, for the second quarter ended June 30, 2003, an increase of $23.1 million, or $0.03 per diluted share. Net income for the six months ended June 30, 2004 rose 37% to $307.6 million, or $1.84 per diluted share, from $224.9 million, or $1.55 per diluted share, for the corresponding period in 2003.…

AXIS U.S. INSURANCE ANNOUNCES NEW COMMERCIAL PROPERTY INSURANCE CAPABILITIES

Alpharetta, Georgia, July 20, 2004 – AXIS U.S. Insurance announced today that its E&S Property unit is now offering property insurance coverage for U.S.-based lumber, wood products and furniture risks.…

ANDREW RUSH RESIGNS FROM AXIS CAPITAL BOARD FOLLOWING HIS DEPARTURE FROM CSFB

Pembroke, Bermuda, July 13, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) announced today that Andrew Rush has resigned from its Board of Directors following his departure from Credit Suisse First Boston’s Private Equity Group to pursue new opportunities.…

AXIS CAPITAL OFFICIALLY OPENS NEW EUROPEAN HEADQUARTERS IN DUBLIN

Dublin, Ireland, July 8, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) announced today that Charlie McCreevy T.D. Finance Minister officially opened its new European headquarters in Dublin.…

AXIS CAPITAL TO HOST TELECONFERENCE TO DISCUSS SECOND QUARTER 2004 FINANCIAL RESULTS

Pembroke, Bermuda, June 30, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) announced today that it expects to release financial results for the second quarter ended June 30, 2004, on Wednesday, August 4, 2004, after the close of the financial markets.…

AXIS SPECIALTY EUROPE LIMITED TO OFFER FINANCIAL LINES

Pembroke, Bermuda, June 21, 2004 – …

AXIS CAPITAL DECLARES QUARTERLY DIVIDEND OF $0.125 PER SHARE

Pembroke, Bermuda, June 16, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.125 per ordinary share. The dividend is payable on July 14, 2004 to shareholders of record at the close of business on June 30, 2004.…

JOHN CHARMAN TO PRESENT AT STANDARD & POOR’S INSURANCE 2004 SEMINAR, NEW YORK

Pembroke, Bermuda, June 16, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) announced today that President and CEO John Charman is scheduled to participate on the panel titled “Sustainability of Newer, Bermuda-Based Companies in the AXIS Global Insurance and Reinsurance Arena” on Thursday, June 17, 2004 at Standard & Poor’s Insurance 2004 Seminar at the Grand Hyatt in New York from 9:45 a.m. to 10:45 a.m. Eastern.…

AXIS CAPITAL REPORTS NET INCOME OF $166.8 MILLION FOR FIRST QUARTER 2004

Pembroke, Bermuda, May 3, 2004 – AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today reported a 56% increase in net income for the quarter ended March 31, 2004 to $166.8 million, or $1.00 per diluted share, from $107.1 million, or $0.75 per diluted share, for the quarter ended March 31, 2003. This was generated by increased underwriting profits and investment income. Annualized return on shareholders’ equity was 22.9% for the quarter ended March 31, 2004 compared to 21.2% for the quarter ended March 31, 2003.…

AXIS CAPITAL HOLDINGS LIMITED INVESTOR FINANCIAL SUPPLEMENT FIRST QUARTER 2004

Pembroke, Bermuda, May 3, 2004 – …

UNDERWRITERS EXERCISE OVER-ALLOTMENT OPTION IN FULL IN AXIS CAPITAL SECONDARY OFFERING

Pembroke, Bermuda, April 23, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that the underwriters of its secondary offering have exercised their option to purchase an additional 3,000,000 common shares, in full, at a price of $27.91 to cover over-allotments.…

AXIS U.S. INSURANCE EXPANDS BUILDERS RISK PRODUCT OFFERINGS

Alpharetta, Georgia, April 20, 2004 – AXIS U.S. Insurance now offers commercial builders risk coverage for non-catastrophe exposures through its newly formed Inland Marine department of AXIS Custom Accounts unit.…

AXIS U.S. INSURANCE EXPANDS PROFESSIONAL LINES CAPABILITIES

Alpharetta, Georgia, April 20, 2004 – AXIS U.S. Insurance has expanded its professional lines capabilities with the formation of a new professional liability unit and the establishment of a dedicated unit for financial institutions business.…

AXIS CAPITAL SHAREHOLDERS PRICE SECONDARY OFFERING OF COMMON SHARES

Pembroke, Bermuda, April 16, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that a secondary public offering of 20,000,000 of its common shares by certain of its founding shareholders has been priced at $27.91 per share. The selling shareholders have also granted the underwriters an option to purchase an additional 3,000,000 common shares to cover over-allotments.…

AXIS CAPITAL TO HOST TELECONFERENCE TO DISCUSS FIRST QUARTER 2004 FINANCIAL RESULTS

Pembroke, Bermuda, April 6, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) announced today that it expects to release financial results for the first quarter ended March 31, 2004, on Monday, May 3, 2004, after the close of the financial markets.…

AXIS CAPITAL FILES AMENDMENT TO REGISTRATION STATEMENT FOR SECONDARY OFFERING OF COMMON SHARES

Pembroke, Bermuda, April 6, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that it has filed an amendment to its registration statement on Form S-1 with the Securities and Exchange Commission in connection with its proposed secondary offering.…

AXIS CAPITAL FILES REGISTRATION STATEMENT FOR A SECONDARY OFFERING OF COMMON SHARES

Pembroke, Bermuda, March 26, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that it has filed a Form S-1 Registration Statement with the U.S. Securities and Exchange Commission relating to the proposed secondary offering of up to $580 million of common shares. AXIS Capital is not selling any common shares and will not receive any proceeds from the offering.…

AXIS CAPITAL ANNOUNCES $750 MILLION SYNDICATED CREDIT AGREEMENT

Pembroke, Bermuda, March 25, 2004 – AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) announced today that it has entered into a $750 million credit agreement with a syndicate of lenders. This renewal agreement is an unsecured 3-year facility that allows the Company to issue up to $750 million in letters of credit and borrow up to $300 million for general corporate purposes with utilization capped at $750 million.…

AXIS CAPITAL INCREASES QUARTERLY DIVIDEND BY 78% TO $0.125 PER SHARE

Pembroke, Bermuda, March 15, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) ) today announced that its Board of Directors voted to increase the Company’s quarterly dividend to $0.125 per ordinary share from $0.07 per ordinary share. The dividend is payable on April 14, 2004 to shareholders of record at the close of business on March 31, 2004.…

AXIS CAPITAL NOMINATES JURGEN GRUPE AND HENRY SMITH TO ITS BOARD

Pembroke, Bermuda, March 12, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) ) today announced that its Board of Directors has nominated Jurgen Grupe, former chairman of AON – Reinsurance Europe, and Henry Smith, former Chief Executive Officer of The Bank of Bermuda Limited, for election to the Board of Directors, in a non-executive capacity, at its annual general meeting to be held in Bermuda on May 6, 2004.…

AXIS CAPITAL STRENGTHENS GLOBAL PRESENCE WITH KEY HIRE TARGETING ASIA PACIFIC REGION

Pembroke, Bermuda, March 11, 2004 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) ) today announced that it has appointed Andreas Thiele to the new position of Senior Vice President Director, Asia Pacific Region. The Company is currently reviewing plans for a local presence in Asia.…

JOHN CHARMAN TO PRESENT AT THE ANNUAL AIFA CONFERENCE, BOCA RATON, FLORIDA

Pembroke, Bermuda, February 23, 2004 – AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) announced today that President and CEO John Charman is scheduled to give a presentation on Monday, March 1, 2004 at the Annual Association of Insurance and Financial Analysts (AIFA) Conference at the Boca Raton Club and Resort in Boca Raton, Florida from 2:00 p.m. to 2:40 p.m. Eastern.…

AXIS CAPITAL´S NET INCOME DOUBLES TO $532.3 MILLION FOR 2003

Pembroke, Bermuda, February 11, 2004 – …

AXIS CAPITAL HOLDINGS LIMITED INVESTOR FINANCIAL SUPPLEMENT FOURTH QUARTER 2003

Pembroke, Bermuda, February 11, 2004 – …

AXIS CAPITAL TO HOST TELECONFERENCE TO DISCUSS FOURTH QUARTER 2003 FINANCIAL RESULTS

Pembroke, Bermuda, January 5, 2004 – AXIS Capital Holdings Limited (ñAXIS Capitalî) (NYSE: AXS) announced today that it expects to release financial results for the fourth quarter and year ended December 31, 2003, on Wednesday, February 11, 2004, after the close of the financial markets.…

AXIS CAPITAL DECLARES QUARTERLY DIVIDEND

Pembroke, Bermuda, January 5, 2004 – The Board of Directors of AXIS Capital Holdings Limited (ñAXIS Capitalî) (NYSE: AXS) yesterday declared a quarterly dividend of $0.07 per ordinary share. The dividend is payable on January 14, 2004 to shareholders of record at the close of business on December 31, 2003.…

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