AXIS to Announce Q1 Results Tomorrow; Host Teleconference

May 3, 2006

AXIS Capital Holdings Limited announced that it expects to release financial results for the first quarter ended March 31, 2006, on Thursday, May 4, 2006, after the close of the financial markets.

CEO and President John Charman will host an investment community teleconference, including a question and answer period, on Friday, May 5, 2006, at 8:00 AM (Eastern) to discuss the first quarter results and related matters.

The teleconference can be accessed by dialing (800) 591-6923 (U.S. callers) or (617) 614-4907 (international callers) and entering the pass code 40007235 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 Friday, May 19, 2006, by dialing (888) 286-8010 (U.S. callers) or (617) 801-6888 (international callers) and entering the pass code 72752201. The webcast will be archived in the Investor Information section of the Company’s website through Friday, May 26, 2006.

Topics Profit Loss

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