AXIS Capital Elects Geoffrey Bell as an Independent Director to Its Board.PEMBROKE, Bermuda -- AXIS Capital Holdings Limited ("AXIS Capital") (NYSE NYSE See: New York Stock Exchange : AXS) today announced that the Company's Board of Directors has elected Geoffrey Bell to its Board. Michael Butt, Chairman of AXIS Capital, said: "We are pleased to welcome Geoffrey to AXIS Capital's Board of Directors. I am delighted that Geoffrey is joining our Board. His immense wealth of knowledge and depth of experience of the international financial markets will be of significant value to our Board as we continue to develop our global franchise." Mr. Bell, 66, is currently President of Geoffrey Bell and Company formed in 1982 as a consultant to major corporations and banks internationally providing advice on capital market transactions as well as undertaking economic, financial and country risk analysis. He is also the Founder and is a member of the Board of Directors of the Consultative Group of International Economic and Monetary Affairs known as the Group of 30. From 1987 to 1993, Mr. Bell was Chairman of Guinness Mahon Holdings, one of London's oldest merchant banks. He began his merchant banking career at Schroders in 1969 and became a director of Schroders as well as an Executive Vice President of J. Henry Schroder Bank in New York working on the international expansion of the group. Between 1966 and 1969, he served as Economic Advisor to the British Embassy in Washington. He was educated at the London School of Economics The School is a member of the Russell Group, the European University Association, Association of Commonwealth Universities, the Community of European Management Schools and International Companies, The Association of Professional Schools of International Affairs as well as the Golden ("LSE LSE - Language Sensitive Editor "), before working at Her Majesty's Treasury, and later returning to the LSE to lecture on monetary economics in 1964. In 1994, he was appointed a Governor of the LSE. AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. with shareholders' equity at June 30, 2006 of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.8 billion and locations in Bermuda, the United States, Europe and Singapore. Its operating subsidiaries have been assigned a rating of "A" ("Excellent") by A.M. Best and a rating of "A" ("Strong") by Standard & Poor's. AXIS Capital has been assigned a senior unsecured debt rating of Baa1 (stable) by Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. and BBB BBB A medium grade assigned to a debt obligation by a rating agency to indicate an adequate ability to pay interest and repay principal. However, adverse developments are more likely to impair this ability than would be the case for bonds rated A and above. + (stable) by Standard & Poor's. For more information about AXIS Capital, visit our website at www.axiscapital.com. |
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