AXIS Re SE -- Moody's confirms AXIS Capital's ratings after termination of merger agreement with PartnerRe

New York, August 03, 2015 -- Moody's Investors Service has confirmed the ratings of AXIS Capital Holdings Limited (Baa3(hyb) preferred stock) and its subsidiaries, including the guaranteed senior debt of its finance subsidiaries (Baa1 senior) and the insurance financial strength of its operating subsidiaries (A2 financial strength). The ratings have a stable outlook. (See complete ratings list below.) This rating action follows today's announcement that PartnerRe Ltd. has terminated its merger agreement with AXIS Capital and agreed to a sale to Exor S.p.A. Today's rating action concludes the review for possible upgrade that Moody's had initiated on AXIS Capital's ratings in January 2015 as a result of the merger announcement between PartnerRe and AXIS Capital.

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