Summary：AXIS Strengthens Leadership with Strategic Appointment of Pradip Patiath as DirectorPEMBROKE, Bermud

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AXIS Strengthens Leadership with Strategic Appointment of Pradip Patiath as Director

PEMBROKE, Bermuda, June 15, 2026 (GLOBE NEWSWIRE) -- AXIS Capital Holdings Limited (“AXIS Capital” or “AXIS” or the the Company”) (NYSE: AXS) today announced that it has appointed Pradip Patiath to the Company’s Board of Directors. Effective June 15, 2026, Mr. Patiath will bring his extensive expertise in global insurance and reinsurance to the AXIS leadership team, further bolstering the company's strategic direction.

The appointment of Pradip Patiath marks a significant development in AXIS Capital's ongoing efforts to enhance its governance and leadership structure. With over two decades of experience in the insurance industry, Mr. Patiath has a proven track record of driving business growth, managing risk, and fostering innovation. His expertise spans multiple sectors, including reinsurance, property, and casualty insurance. As a seasoned industry professional, Mr. Patiath is well-positioned to provide valuable insights and guidance to AXIS Capital's management team.

The insurance and reinsurance industry is currently navigating a complex landscape marked by evolving risk landscapes, regulatory changes, and shifting market dynamics. In this context, AXIS Capital's decision to appoint Pradip Patiath to its Board of Directors is a strategic move aimed at strengthening the company's leadership and enhancing its competitive edge. Mr. Patiath's expertise is expected to be particularly valuable in navigating the challenges and opportunities arising from emerging risks such as climate change, cyber threats, and global economic uncertainty.

As AXIS Capital continues to navigate the complexities of the global insurance market, the appointment of Pradip Patiath is expected to have a positive impact on the company's future outlook. With his expertise and guidance, AXIS Capital is well-positioned to capitalize on emerging opportunities, drive business growth, and deliver long-term value to its stakeholders. The company's commitment to strengthening its leadership and governance structure is a testament to its dedication to excellence and its focus on achieving sustainable success.

In conclusion, the appointment of Pradip Patiath to AXIS Capital's Board of Directors is a significant development that is expected to have a positive impact on the company's future prospects. With his extensive expertise and experience, Mr. Patiath is well-positioned to provide valuable insights and guidance to AXIS Capital's management team, driving business growth and delivering long-term value to stakeholders.