AXIS CAPITAL HOLDINGS LIMITED (NYSE:AXS) Files An 8-K Entry into a Material Definitive Agreement

Item1.01

On March27, 2017, AXIS Specialty Limited, AXIS Re SE, AXIS
Specialty Europe SE, AXIS Insurance Company, AXIS Surplus
Insurance Company and AXIS Reinsurance Company (the Companies)
amended their existing $500 million secured letter of credit
facility with Citibank Europe plc (the $500 Million Facility) to
include an additional $250 million secured letter of credit
capacity to a Committed Facility Letter and an amendment to the
Master Agreement among the Companies and Citibank Europe plc
dated May14, 2010 (the $250 Million Facility). The $250 Million
Facility expires March31, 2018 for letters of credit with a tenor
not to extend beyond March31, 2019. The terms and conditions of
the $500 Million Facility remain unchanged. The Companies are
subsidiaries of AXIS Capital Holdings Limited, a Bermuda company.
Under the terms of the $250 Million Facility, the additional
secured letter of credit capacity may be used by the Companies to
issue letters of credit, which will be principally utilized to
support reinsurance obligations in the United States and
elsewhere.

The description of the $250 Million Facility contained herein is
qualified in its entirety by reference to the Committed Facility
Letter and Amendment to the Master Agreement which are attached
hereto as Exhibits 10.1 and 10.2, respectively, and are
incorporated herein by reference

The disclosure required by this item is included in Item 1.01.
Entry into a Material Definitive Agreement, which is incorporated
by reference.

About AXIS CAPITAL HOLDINGS LIMITED (NYSE:AXS)

AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe, Australia and Singapore. It operates in two segments: AXIS Insurance and AXIS Re. Its insurance segment operates through offices in Bermuda, the United States, Canada, Europe, Australia and Singapore and offers specialty insurance products to various markets. Its insurance segment’s offerings include property, marine, terrorism, aviation, professional lines, liability and accident and health. Its reinsurance segment operates through offices in Bermuda, the United States, Switzerland, Singapore, Brazil, and Canada. The reinsurance segment provides non-life reinsurance to insurance companies. Its reinsurance segment’s offering include catastrophe; property; professional lines; credit and surety; motor; liability; engineering, and agriculture.

AXIS CAPITAL HOLDINGS LIMITED (NYSE:AXS) Recent Trading Information

AXIS CAPITAL HOLDINGS LIMITED (NYSE:AXS) closed its last trading session down -0.44 at 67.03 with 336,710 shares trading hands.