AXIS Capital Announces Resignation of CFO David Greenfield Effective November 30, 2010

PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that Executive Vice President and Chief Financial Officer David Greenfield will resign from his position, effective November 30, 2010. The Company has initiated a search for a successor to Mr. Greenfield.

John Charman, Chief Executive Officer and President of AXIS Capital, said: “David has been a valued member of our Executive Management Group for the past four years. During this time, he has successfully directed financial strategy at the Company and led the further development of our accounting, control, financial reporting, financial planning, tax and treasury functions. We thank David for his many contributions to AXIS Capital during the last four years and wish him well in his future endeavors.”

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at June 30, 2010 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 and AXIS Specialty Finance LLC have been assigned senior unsecured debt ratings 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.