Thomas C. Ramey and Wilhelm Zeller Appointed Independent Directors of AXIS Capital Board

PEMBROKE, Bermuda--(Business Wire)--
AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that
the Company`s Board of Directors has appointed Thomas C. Ramey and Wilhelm
Zeller to its Board as independent directors. Both will serve as Class II
Directors.

Michael Butt, Chairman of AXIS Capital, said: "We are delighted to welcome
Thomas C. Ramey and Wilhelm Zeller to AXIS Capital`s Board of Directors. Both
individuals bring a wealth of experience through their distinguished careers in
the international property and casualty insurance and reinsurance marketplace,
and they join an exceptionally talented Board comprised of some of the most
veteran business leaders today. AXIS Capital will benefit enormously from the
experience of our new Board members as leaders in our sector while we continue
to strengthen our leading global specialty insurance and reinsurance platform.
We look forward to their contributions as members of AXIS Capital`s Board of
Directors."

Mr. Ramey was Chairman and President of Liberty International, a wholly owned
subsidiary of Liberty Mutual Group, from 1997 to 2009. Additionally, Mr. Ramey
served in the post of Executive Vice President of Liberty Mutual Group from 1995
through 2009. Prior to joining Liberty, he was President and CEO of American
International Healthcare, a subsidiary of AIG, and founder and President of an
international healthcare trading company. Mr. Ramey is currently a Trustee of
the Brookings Institution and a Director of The Warranty Group, the
International Insurance Society and the Coalition of Service Industries. He also
serves as a member of the Chongqing Mayor`s International Economic Advisory
Council and Chairman of the International Fund for Animal Welfare. He holds a
Masters degree from Tulane University.

Mr. Zeller was Chairman of the Executive Board of Hannover Re from 1996 through
his retirement from the company on June 30, 2009. Prior to joining Hannover Re,
Mr. Zeller was a member of the Executive Board of Cologne Re from 1977 through
1995 and, in 1995, a member of the Executive Council of General Re Corporation.
From 1970 through 1977, Mr. Zeller served as the Head of the Casualty Department
and International Department Non-Life at Zurich Insurance Company. He holds a
Bachelor`s degree in Business Administration, majoring in Insurance, from the
University of Applied Sciences in Cologne, Germany.

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and
treaty reinsurance with shareholders` equity at March 31, 2009 of $4.5 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.

Investor:
AXIS Capital Holdings Limited
Linda Ventresca, 441-405-2727
info@axiscapital.com
or
Media:
Kekst and Company
Joseph Kuo, 212-521-4863
joe-kuo@kekst.com

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