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AXIS Capital Increases Quarterly Common Share Dividend by 10% to $0.23 from $0.21 Per Share

^{Published on 2010-12-09 14:35:46 - Market Wire}
 

PEMBROKE, Bermuda--([ BUSINESS WIRE ])--AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that the Companya™s Board of Directors has declared a quarterly dividend of $0.23 per common share. The common dividend will be payable on January 18, 2011 to the shareholders of record at the close of business on December 31, 2010.

In addition, the Board declared a dividend of $0.453125 per Series A 7.25% Preferred Share and a dividend of $1.875 per Series B 7.5% Preferred Share. The Series A Preferred Share dividend is payable on January 18, 2011 to shareholders of record at the close of business on December 31, 2010 and the Series B Preferred Share dividend is payable on March 1, 2011 to shareholders of record at the close of business on February 15, 2011.

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholdersa™ equity at September 30, 2010 of $5.8 billion and locations in Bermuda, the United States, Europe, Singapore, Canada and Australia. Its operating subsidiaries have been assigned a rating of aA+a (aStronga) by Standard & Poora™s and aAa (aExcellenta) by A.M. Best. AXIS Capital and AXIS Specialty Finance LLC have been assigned senior unsecured debt ratings of A- (stable) by Standard & Poora™s and Baa1 (stable) by Moodya™s Investors Service. For more information about AXIS Capital, visit our website at [ www.axiscapital.com ].