AXIS Opens London Branch Underwriting Office

June 18, 2003

Bermuda-based AXIS Capital Holdings Limited announced that it has received regulatory approval for the establishment of a London branch of its European insurance subsidiary, AXIS Specialty Europe Limited.

AXIS recently established European operations in Ireland to provide insurance business throughout the European Union. It has named John Gressier as the London Branch Manager and Jonathan Battle as Deputy Branch Manager. The office will operate from premises at No. 2 Minster Court, Mincing Lane, London.

John Charman, President and CEO, stated: “The addition of a London underwriting presence enhances the AXIS franchise built up over the last eighteen months and gives us a key presence in each of the significant insurance marketplaces globally. The branch will complement our Irish head office and will assist us with servicing the London broker community.”

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