Our AXIS Global Insurance Segment primarily includes the following risk classifications:

Within each of the classes the following types of business are written.

Specialty Risks. Specialty includes terrorism, marine and aviation war risk and political risk. Terrorism coverage insures against physical damage and associated business interruption of an insured following an act of terrorism. We provide standalone terrorism coverage for assureds with international exposures and also we provide difference in conditions coverage for assureds which have purchased TRIA coverage for their North American assets. Marine and aviation war insurance provides specific war coverage for the risks otherwise covered in our aviation and marine books of business, this includes all forms of physical damage and liability cover. Our political risk book generally provides protection against sovereign actions resulting in impairment of cross-border investments. These are most often investments in infrastructure projects, for banks and major corporations in industries such as energy and mining.

Onshore and Offshore Energy. The energy book concentrates on providing physical damage, business interruption and liability coverage for the onshore and offshore oil and gas industry and petrpchemicals. It also includes utilities.

Aerospace. The aerospace book provides insurance to both the aviation and space markets. Core aviation risks covered include hull and liability risks for passenger and cargo airlines and privately owned aircraft. The space book provides property damage coverage on satellites for pre-launch, launch, and in-orbit risks. In addition, the space book provides coverage for damage to launch sites and launch and in-orbit liability.

Property. The property book primarily provides coverage for physical damage and business interruption with respect to all forms of property. Coverage provided includes catastrophic and non-catastrophic events in all areas of the world.

Marine. The marine book provides cover for hull, liability, cargo and specie and recreational marine risks.

Our specialty lines customers include, among others, major companies in the airline, banking, multimedia, natural resources, technology, shipping and oil and gas industries.