AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS) today announced that Mark Paccione has been appointed as Executive Vice President of Commercial Management Solutions (CMS) at AXIS Insurance. The CMS team specializes in commercial public and private D&O, Employment Practices, Fiduciary Liability and Crime products. Mr. Paccione reports directly to John Van Decker, President, North American Professional Lines for AXIS Insurance. Mr. Paccione is based in New York.

Commenting on the appointment, Mr. Van Decker said, "Mark is an experienced leader with a broad background and proven track record in professional liability insurance. He brings a unique combination of management, underwriting and distribution knowledge necessary to navigate in a challenging market. We are confident in the strength and depth of the CMS team, and believe that under Mark's leadership, the team will continue to thrive."

Mr. Paccione has more than 25 years of experience in the insurance industry, most recently serving as Senior Vice President with AXIS Insurance, leading its northeast region for CMS over the past five years. Previously, Mr. Paccione worked for Everest Re, where he helped establish its commercial management liability group. Before that, he spent 18 years at Chubb & Son in various management and executive roles.

Mr. Paccione received a Bachelor's degree in Business Administration, with a concentration in finance, from the College of William and Mary in Williamsburg, Virginia. He is an active member of the Professional Liability Underwriting Society. In addition, he previously served on the Board of Directors for the Insurance Federation of New York.

About AXIS Capital

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders' equity at March 31, 2016 of $6.0 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. Please be sure to follow AXIS Capital on  LinkedIn.

About AXIS Insurance

AXIS Insurance—a business segment of AXIS Capital Holdings Limited (NYSE:AXS)—provides Property & Casualty, Professional Lines, Terrorism, Marine, Energy, Aviation, Credit & Political Risk, Environmental, Accident & Health coverages and other customized insurance solutions. Our products are offered through our distribution partners, which include wholesale brokers, retail brokers and designated managing general agents/underwriters ("MGAs"/"MGUs") in the U.S. and abroad. Coverages are backed by the financial strength and security of the AXIS Insurance Companies, rated "A+" (Strong) by Standard & Poor's and "A+" (Superior) XV by A.M. Best. For more information, visit our website at http://www.axiscapital.com/en-us/insurance.

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