AXIS to Purchase Renewal Rights to Kemper’s D&O Business

January 30, 2003

Bermuda-based AXIS Capital Holdings Limited announced that its U.S. subsidiary has agreed to acquire the renewal rights to the D&O and related product lines written by Kemper’s Financial Insurance Solutions Group.

In addition, John Kuhn, president of Financial Insurance Solutions, will join AXIS with a team of over 50 staff to head this new unit.

Dennis Reding, president of the US specialty insurance business noted, ” We are very pleased that John and his talented team have chosen to join our US Insurance Group. This is a unique opportunity to obtain the renewal rights to one of the leading D&O and EPL underwriters in the U.S. along with an acknowledged professional and experienced underwriting team. This new business unit will complement our existing portfolio of products and capabilities, and will fit nicely within our existing infrastructure.”

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