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AXIS Capital to Release Third Quarter 2009 Financial Results on November 2, 2009

AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that it expects to release financial results for the third quarter ended September 30, 2009 on Monday, November 2, 2009, after the close of the financial markets.

John Charman, CEO and President, and David Greenfield, CFO, will host an investor teleconference, including a question and answer period, on Tuesday, November 3, 2009, at 8:00 AM (Eastern) to discuss the third quarter results and related matters.

The teleconference can be accessed by dialing (866) 843-0890 (U.S. callers) or (412) 317-9250 (international callers) and entering the pass-code 5-5-0-1-9-0-9 approximately ten minutes in advance of the call. A live, listen-only webcast of the call will also be available via the Investor Information section of the Company’s website at www.axiscapital.com.

A replay of the teleconference will be available by dialing (877) 344-7529 (U.S. callers) or (412) 317-0088 (international callers) and entering the pass-code 4-3-4-2-2-9. The webcast will be archived in the Investor Information section of the Company’s website.

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at June 30, 2009 of $4.9 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.

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