[December 06, 2018]

AXIS Capital Declares Quarterly Dividends and Increases Common Share Dividend by 2.6%

AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS) today announced that the Company's Board of Directors has declared a quarterly dividend of $0.40 per common share, which represents an increase of 2.6%. The common dividend will be payable on January 15, 2019 to shareholders of record at the close of business on December 31, 2018.

In addition, the Board declared a dividend of $0.34375 per Series D 5.50% Preferred Share, and a dividend of $34.375 per Series E 5.50% Preferred Share (equivalent to $0.34375 per depositary share). The Series D Preferred Share dividend is payable on March 1, 2019 to shareholders of record at the close of business on February 15, 2019. The Series E Preferred Share dividend is payable on January 15, 2019 to shareholders of record at the close of business on December 31, 2018.

About AXIS Capital
AXIS Capital, through is operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders' equity at September 30, 2018, of $5.3 billion and locations in Bermuda, the United States, Europe, Singapore, Middle East, Canada and Latin America. Its operating subsidiaries have been assigned a rating of "A+" ("Strong") by Standard & Poor's and "A+" ("Superior") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20181206005963/en/

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