AXIS Accident & Health Acquires Ternian Insurance Group

PEMBROKE, Bermuda--(BUSINESS WIRE)--

AXIS Capital Holdings Limited ("AXIS Capital") AXS today announced that AXIS Accident & Health has acquired Ternian Insurance Group LLC, a leading provider of voluntary, limited benefit, affordable health plans and other employee benefits coverage for hourly and part-time workers and their families.

Through the acquisition, AXIS Accident & Health secures market-leading capabilities in the voluntary group limited benefits marketplace. Ternian products are currently used by customers ranging in size from those employing 100 eligible workers to Fortune 500 businesses.

About AXIS Accident & Health

AXIS Accident & Health, headquartered in Princeton, NJ, delivers worldwide accident, specialty health and travel-related insurance and reinsurance solutions through leading product, underwriting and claims specialists across the globe with decades of focused experience. For more information about AXIS Accident & Health, please visit http://www.axiscapital.com/en-us/accident-health

About AXIS Capital

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with total shareholders' equity attributable to AXIS Capital at December 31, 2014 of $5.8 billion and locations in Bermuda, the United States, Europe, Singapore, Canada, Australia and Latin America. Its operating subsidiaries have been assigned a rating of "A+" ("Strong") by Standard & Poor's and "A+" ("Superior") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.