AXIS Global Accident & Health, a division of AXIS Capital Holdings Limited (NYSE: AXS), today announced that it is now actively marketing accident and health insurance coverage in the United States. Leading these accident & health insurance operations is James “Jay” Hamilton, who was recently named Chief Executive Officer, North America Accident & Health. Jay is based in Chicago.

Insurance products now available from AXIS Global Accident & Health include Personal Accident and Business Travel Accident for employer groups, affinity groups and financial institutions, including banks, credit card issuers and credit unions. Related insurance programs, such as Student Accident and Sickness and Special Risks, including youth activities, day care and non-profit group will be available later in 2010.

Jay brings more than 20 years of accident & health experience with a consistent record of success in strategically growing premium and profit at leading insurers. Most recently, Jay served as Senior Vice President, North American Accident & Health for the Chubb Group of Insurance Companies. Previously, he was Vice President, Accident & Health for CNA Insurance Companies.

“I’ve worked with Jay for several years, and I’m thrilled to have him on board leading our U.S. insurance operations,” said Chris DiSipio, Chief Executive Officer and President, AXIS Global Accident & Health. “Jay brings with him leadership experiences in all functions of accident and health operations, including underwriting, sales, claims, technology and product development.”

About AXIS Global Accident & Health

Headquartered in Princeton, NJ, AXIS Global Accident & Health offers accident and health insurance and reinsurance coverages for employers, affinity groups, financial institutions and other customers through insurance carriers, managing general underwriters, brokers, third party administrators, and other key distributors. AXIS Global Accident & Health has a significant capacity for underwriting global reinsurance risks for accident and health insurance carriers.

AXIS Global Accident & Health offers a fresh, modern alternative to traditional insurance carriers. Our disciplined and innovative product development process delivers customized, flexible accident and health products to the global market. AXIS Global Accident & Health continually explores opportunities for strategic partnerships and growth. For more information, please visit www.AXISCapital.com/accident.

About AXIS Capital Holdings Limited

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at December 31, 2009 of $5.5 billion and locations in Bermuda, the United States, Europe, Singapore, Canada and Australia. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A” (“Excellent”) by A.M. Best. AXIS Capital has been assigned a senior unsecured debt rating of A- (stable) by Standard & Poor’s and Baa1 (stable) by Moody’s Investors Service. For more information about AXIS Capital, visit our website at www.axiscapital.com.