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AXIS Capital to Host Teleconference to Discuss Second Quarter 2008 Financial Results

PEMBROKE, Bermuda-(Business Wire)-July 2, 2008 - AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that it expects to release financial results for the second quarter ended June 30, 2008, on Monday, August 4, 2008, after the close of the financial markets.

John Charman, CEO and President, and David Greenfield, CFO, will host an investment community teleconference, including a question and answer period, on Tuesday, August 5, 2008, at 8:00 AM (Eastern) to discuss the second quarter results and related matters.

The teleconference can be accessed by dialing (866) 510-0712 (U.S. callers) or (617) 597-5380 (international callers) and entering the pass code 41534364 approximately ten minutes in advance of the call. A live, listen-only webcast of the call will also 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, August 15, 2008, by dialing (888) 286-8010 (U.S. callers) or (617) 801-6888 (international callers) and entering the pass code 48567247. The webcast will be archived in the Investor Information section of the Company's website.

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders' equity at March 31, 2008 of $5.4 billion and locations in Bermuda, the United States, Europe, Australia and Singapore. Its operating subsidiaries have been assigned a rating of "A" ("Excellent") by A.M. Best and a rating of "A" ("Strong") with a positive outlook by Standard & Poor's. AXIS Capital has been assigned a senior unsecured debt rating of Baa1 (stable) by Moody's Investors Service and BBB+ (stable) by Standard & Poor's. For more information about AXIS Capital, visit our website at www.axiscapital.com.

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