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AXIS Re Appoints Bruno Krenboeck as Marketing Director for Latin America

^{Published on 2011-09-01 19:21:30 - Market Wire}
 

PEMBROKE, Bermuda--([ BUSINESS WIRE ])--AXIS Capital Holdings Limited (aAXIS Capitala or the aCompanya) (NYSE: AXS), today announced that Bruno Krenboeck has joined AXIS Re as Marketing Director for Latin America.

"The appointment of Bruno Krenboeck demonstrates our commitment to the Latin American market. Through his industry stature and exceptional track record Bruno is well-suited to successfully lead our marketing activities in this important region. We are extremely pleased to have him in our organization."

AXIS Re has established a significant marketing position in the Latin American Credit & Bond markets over the last few years and is now focused on extending its P&C capabilities. Karl Mayr, Chairman of AXIS Re, commented on Brunoa™s appointment, stating, aThe appointment of Bruno Krenboeck demonstrates our commitment to the Latin American market. Through his industry stature and exceptional track record Bruno is well-suited to successfully lead our marketing activities in this important region. We are extremely pleased to have him in our organization.a

Bruno has over 17 years experience in the international insurance industry with specific expertise in marketing and underwriting businesses in Latin America. He most recently served as a Director at Swiss Re.

In his new role at AXIS, Bruno will be based in the Companya™s Zurich office, which now replaces Bermuda as the center of Latin American operations for AXIS Re. AXIS Rea™s Caribbean operations will continue to be run from Bermuda.

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholdersa™ equity at March 31, 2011 of $5.2 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 ].