AXIS Capital Elects Michael A. Butt Non-Executive Chairman of its Board of Directors Replacing John R. Charman

AXIS Capital Holdings Limited AXS today announced that its Board of Directors has appointed Board member and former Chairman Michael A. Butt as non-executive Chairman of the Board of Directors. Mr. Butt succeeds John R. Charman following the decision by the Board to replace Mr. Charman as Chairman. Mr. Butt had served successfully as AXIS Capital's chairman for almost ten years prior to the recent appointment of Mr. Charman to that position. Mr. Butt assures a thorough understanding of the role and priorities to be carried out by the Chairman of AXIS Capital.