CORRECTING and REPLACING AXIS Capital Declares Quarterly Dividends on Common and Preferred Shares

PEMBROKE, Bermuda--(BUSINESS WIRE)--

Second paragraph, second sentence of release should read: The Series B Preferred Share dividend is payable on December 1, 2015 to shareholders of record at the close of business on November 13, 2015 (instead of The Series B Preferred Share dividend is payable on November 13, 2015 to shareholders of record at the close of business on December 1, 2015).

The corrected release reads:

AXIS CAPITAL DECLARES QUARTERLY DIVIDENDS ON COMMON AND PREFERRED SHARES

AXIS Capital Holdings Limited ("AXIS Capital") AXS today announced that the Company's Board of Directors has declared a quarterly dividend of $0.29 per common share. The common dividend will be payable on October 15, 2015 to the shareholders of record at the close of business on September 30, 2015.

In addition, the Board declared a dividend of $1.875 per Series B 7.50% Preferred Share, a dividend of $0.429688 per Series C 6.875% Preferred Share and a dividend of $0.34375 per Series D 5.50% Preferred Share. The Series B Preferred Share dividend is payable on December 1, 2015 to shareholders of record at the close of business on November 13, 2015. The Series C Preferred Share dividend is payable on October 15, 2015 to shareholders of record at the close of business on September 30, 2015. The Series D Preferred Share dividend is payable on December 1, 2015 to shareholders of record at the close of business on November 13, 2015.

About AXIS Capital

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders' equity attributable to AXIS Capital at June 30, 2015 of $5.9 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.

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