Pembroke, Bermuda, December 11, 2003 – AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that the CompanyÍs Board of Directors has elected W. Thomas Forrester to the Board. Mr. Forrester, 55, is Vice President and Chief Financial Officer of The Progressive Corporation, the United StatesÍ third largest auto insurance group.…

Pembroke, Bermuda, November 20, 2003 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) President and CEO John Charman together with Michael Butt, Chairman, and Andrew Cook, Executive Vice President and CFO, are scheduled to give a presentation on Tuesday, December 2 at 3:00 p.m. Eastern at the Bermuda Angle 12th Annual Conference at the Boca Raton Resort & Club in Boca Raton, Florida.…

Pembroke, Bermuda, September 30, 2003 – AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) - announced today that it expects to release financial results for the third quarter ended September 30, 2003, on Wednesday, November 5, 2003, after the close of the financial markets.…

Pembroke, Bermuda, September 18, 2003 – The Board of Directors of AXIS Capital Holdings Limited (ñAXIS Capitalî) (NYSE: AXS) today announced that they have reached new agreements with the companyÍs top two executives for a term of five years. Both agreements become effective January 1, 2004 and ensure that AXIS Capital will continue to benefit from the vision and leadership of John R. Charman, President and CEO, and Michael Butt, Chairman.…

Pembroke, Bermuda, September 17, 2003 – The Board of Directors of AXIS Capital Holdings Limited (ñAXIS Capitalî) (NYSE: AXS) today declared a quarterly dividend of $0.07 per ordinary share. The dividend is payable on October 14, 2003 to shareholders of record at the close of business on September 30, 2003.…

Pembroke, Bermuda, September 4, 2003 – AXIS Capital Holdings Limited (ñAXIS Capitalî) (NYSE: AXS) announced today that it has increased the capitalization of its European reinsurance subsidiary AXIS Re Limited (ñAXIS Reî) to US$500 million. This increase in capitalization, complemented by the recent establishment of AXIS Re Europe, an underwriting branch of AXIS Re in Zurich, will support AXIS CapitalÍs European expansion.…

Pembroke, Bermuda, August 6, 2003 – AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today reported net income for the quarter of $117.8 million, or $0.81 per diluted share, compared to $30.0 million, or $0.22 per diluted share, for the second quarter ended June 30, 2002, an increase of $87.8 million, or $0.59 per diluted share. Net income for the six months ended June 30, 2003 rose 264% to $224.9 million, or $1.55 per diluted share, from $61.7 million, or $0.46 per diluted share, for the corresponding period in 2002.…

Pembroke, Bermuda, August 6, 2003 – …

Pembroke, Bermuda, July 21, 2003 – AXIS Capital Holdings Limited (“AXIS Capital”) today announced the appointment of Dr. Karl Mayr as President and C.E.O. of AXIS Re Europe (“AXIS Re”).…

Pembroke, Bermuda, July 10, 2003 – AXIS Capital Holdings Limited (ñAXIS Capitalî) (NYSE: AXS) announced today that it expects to release financial results for the second quarter ended June 30, 2003, on Wednesday, August 6, 2003, after the close of the financial markets.…

Pembroke, Bermuda, July 7, 2003 – AXIS Capital Holdings Limited (ñAXISî) (NYSE: AXS) announced today that, effective July 7, it will provide Directors & Officers Liability Insurance and other financial lines coverages through its Bermuda-based subsidiary, AXIS Specialty Limited.…

Pembroke, Bermuda, July 1, 2003 – AXIS Capital Holdings Limited (NYSE: AXS) announced today that it has launched a new corporate website. Starting today, information about AXIS, its people and products can be found by visiting www.axiscapital.com on the Internet.…

Pembroke, Bermuda, July 1, 2003 – AXIS Capital Holdings Limited (NYSE: AXS) announced today that its initial public offering of 21.5 million common shares, including 13.4 million common shares offered by the Company and 8.1 million common shares offered by its selling shareholders, has been priced at $22.00 per share.…

Pembroke, Bermuda, June 17, 2003 – AXIS Capital Holdings Limited announced today that it has received regulatory approval for the establishment of a London branch of its European insurance subsidiary AXIS Specialty Europe Limited (“AXIS Europe”).…

Pembroke, Bermuda, May 19, 2003 – AXIS Capital Holdings Limited (“AXIS”) announced today that additional capital has been contributed to its subsidiary AXIS Reinsurance Company (“AXIS Re”), increasing AXIS Re’s policyholders’ surplus to over $500 million. AXIS Re is domiciled in New York and is licensed in all 50 states. It carries the AXIS group rating of “A” (Excellent) from A.M. Best and “A” (Strong) from Standard & Poor’s.…

Pembroke, Bermuda, May 8, 2003 – AXIS Capital Holdings Limited announced today that its subsidiary Sheffield Insurance Corporation has received an “A” (Excellent) rating from A.M. Best Company, Inc.…

Pembroke, Bermuda, May 1, 2003 – AXIS Capital Holdings Limited today announced its results for the quarter ended March 31, 2003.…

Pembroke, Bermuda, March 10, 2003 – AXIS Capital Holdings Limited announced today that A.M. Best has upgraded the financial strength rating of certain of its subsidiaries to A (Excellent) from A- (Excellent).…

Pembroke, Bermuda, February 14, 2003 – AXIS Capital Holdings Limited today announced its results for the year ended December 31, 2002.…

Pembroke, Bermuda, January 30, 2003 – AXIS Capital Holdings Limited announced today that its US subsidiary has agreed to acquire the renewal rights to the D&O and related product lines written by Kemper’s Financial Insurance Solutions Group. In addition, John Kuhn, President of Financial Insurance Solutions, will join AXIS with a team of over 50 staff to head this new unit.…

Pembroke, Bermuda, January 9, 2003 – AXIS announced today the formation of AXIS Capital Holdings Limited ("AXIS Capital").…