Market Overview

AXIS Launches AXIS Digital Ventures, Accelerates InsurTech Partnership Efforts and Initiatives


AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today
announced the launch of AXIS Digital Ventures, a new unit that will lead
enterprise-wide efforts to partner with entrepreneurial companies
focused on data and analytics with high value (re)insurance
applications, new product opportunities including emerging risks, and
new distribution and (re)insurance business models. AXIS Digital
Ventures is also charged with introducing innovative enabling
technologies across the Company's businesses.

The launch of AXIS Digital Ventures follows the Company's announcement
from earlier this year that it is strengthening its operating model to
become more agile and better positioned to leverage change to its
advantage, including enhancing its ability to utilize digital
technologies and data and analytics.

"With the launch of AXIS Digital Ventures, we are accelerating our
efforts to leverage digital technologies and InsurTech more broadly to
drive innovation, increase efficiency, enhance profitability and
identify new products and solutions that will deliver more value to our
clients and partners in distribution," said Albert Benchimol, President
and CEO of AXIS Capital. "Since our inception, AXIS has been focused on
delivering insights that enhance the underwriting and servicing of
(re)insurance. With AXIS Digital Ventures, we are building on this by
leveraging the powerful tools and data available today to deliver deeper
insights and provide our services in the way our diverse customer base
wants them, while delivering on our promise to pay as we always have."

AXIS named Zach Powell as the Head of AXIS Digital Ventures and he will
report to Group Chief Underwriting Officer Eric Gesick. AXIS Digital
Ventures is part of the Company's Global Underwriting and Analytics
office (GUA), which is headed by Mr. Gesick.

Mr. Powell previously served as a Director of Corporate Development at
AXIS where he worked on sourcing, evaluating and executing acquisitions
and strategic investments. Prior to AXIS, he worked at Swiss Re in the
Principal Investments group. Before Swiss Re, Mr. Powell began his
career at SFRi LLC, an investment bank focused on the (re)insurance

Added Mr. Gesick, "Zach will be a great ambassador for our new AXIS
Digital Ventures unit. He knows the AXIS organization, knows our
business, and brings a strong understanding of the InsurTech landscape."

About AXIS Capital

AXIS Capital, through its operating subsidiaries, is a global provider
of specialty lines insurance and treaty reinsurance with shareholders'
equity at June 30, 2018 of $5.3 billion and locations in Bermuda, the
United States, Europe, Singapore, Middle East, Canada, 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

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