Axis Capital to Present at the Annual AIFA Conference in New Orleans,

    Business Editors
    AIFA Conference

    PEMBROKE, Bermuda--(BUSINESS WIRE)--March 2, 2005--AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) announced today that Michael Morrill, CEO and President of AXIS Reinsurance Co., is scheduled to give a presentation on Tuesday, March 8, 2005, at the Annual Association of Insurance and Financial Analysts (AIFA) Conference at The Fairmont New Orleans in New Orleans, Louisiana from 12:45 p.m. to 1:25 p.m. EST.
    A live, listen-only webcast and simultaneous slide presentation will be available through the Investor Information section of the AXIS Capital website at www.axiscapital.com and a replay will be available for approximately 14 days following the presentation.
    AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders' equity in excess of $3.2 billion 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--NM/ny*

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

KEYWORD: INTERNATIONAL LATIN AMERICA INDUSTRY KEYWORD: INSURANCE BANKING TRADESHOW CONFERENCE CALLS SOURCE: AXIS Capital Holdings Limited

Copyright Business Wire 2005