AXIS Capital Reschedules Teleconference for May 3, 2005 to Discuss Fir

    Business Editors

    PEMBROKE, Bermuda--(BUSINESS WIRE)--April 18, 2005--AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) announced today that due to scheduling conflicts, the company now plans to release financial results for the first quarter ended March 31, 2005, on Monday, May 2, 2005, after the close of the financial markets, one day ahead of the previously announced date.
    John Charman, CEO and President, and Andrew Cook, CFO, will host an investment community teleconference, including a question and answer period, on Tuesday, May 3, 2005, at 8:30 AM (Eastern) to discuss the first quarter results and related matters.
    Dial-in details for the teleconference remain the same. Callers can access it by dialing (800) 291-5365 (U.S. callers) or (617) 614-3922 (international callers) and entering the pass code 52796206 approximately ten minutes in advance of the call. A live, listen-only webcast of the call will be available via the Investor Information section of the Company's website at www.axiscapital.com.
    A replay of the teleconference will be available through Thursday, May 19, 2005, by dialing (888) 286-8010 (U.S. callers) or (617) 801-6888 (international callers) and entering the pass code 37176262. The webcast will be archived in the Investor Information section of the Company's website through Thursday, May 26, 2005.

    AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders' equity in excess of $3.2 billion at December 31, 2004 and locations in Bermuda, the United States, Europe and Singapore. Its operating subsidiaries have been assigned a rating of "A" ("Excellent") by A.M. Best and a rating of "A" ("Strong") by Standard & Poor's. AXIS Capital has been assigned a senior unsecured debt rating of Baa1 (stable) by Moody's Investors Service and BBB+ (stable) by Standard & Poor's. For more information about AXIS Capital, visit the Company's website at www.axiscapital.com.

--30--TM/ny*

CONTACT: AXIS Capital Holdings Limited Investor Contacts: Andrew Cook / Linda Ventresca, 441-297-9513 info@axiscapital.com or Kekst and Company Media Contacts: Laura Accettella, 212-521-4859

KEYWORD: SINGAPORE UNITED KINGDOM INTERNATIONAL LATIN AMERICA ASIA PACIFIC EUROPE INDUSTRY KEYWORD: INSURANCE BANKING CONFERENCE CALLS EARNINGS SOURCE: AXIS Capital Holdings Limited

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