EX-99.1

Important Information For Investors And Stockholders

This communication does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a

solicitation of any vote or approval. This communication relates to a proposed business combination between PartnerRe Ltd.

(“PartnerRe”) and AXIS Capital Holdings Limited (“AXIS”). In connection with this proposed business combination,

PartnerRe and/or AXIS may file one or more proxy statements, registration statements, proxy statement/prospectus or

other

documents

with

the

Securities

and

Exchange

Commission

(the

“SEC”).

This

communication

not

substitute

for

any

proxy statement, registration statement, proxy statement/prospectus or other document PartnerRe and/or AXIS may file

with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF PARTNERRE AND AXIS

ARE URGED TO READ THE PROXY STATEMENT(S), REGISTRATION STATEMENT(S), PROXY STATEMENT/PROSPECTUS AND

OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME

AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Any definitive proxy statement(s) (if and when

available) will be mailed to stockholders of PartnerRe and/or AXIS, as applicable. Investors and security holders will be able

obtain

free

copies

these

documents

(if

and

when

available)

and

other

documents

filed

with

the

SEC

PartnerRe

and/or AXIS through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC

by PartnerRe will be available free of charge on PartnerRe’s internet website at http://www.partnerre.com or by contacting

PartnerRe’s Investor Relations Director by email at robin.sidders@partnerre.com or by phone at 1-441-294-5216. Copies of

the

documents

filed

with

the

SEC

AXIS

will

available

free

charge

AXIS’

internet

website

http://www.axiscapital.com

contacting

AXIS’

Investor

Relations

Contact

linda.ventresca@axiscapital.com

or by phone at 1-441-405-2727.

Participants in Solicitation

PartnerRe,

AXIS,

their

respective

directors

and

certain

their

respective

executive

officers

may

considered

participants

in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive

officers of PartnerRe is set forth in its Annual Report on Form 10-K for the year ended December 31, 2014, which was filed

with the SEC on February 26, 2015, its proxy statement for its 2014 annual meeting of stockholders, which was filed with

the SEC on April 1, 2014, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, which was filed with the

SEC on May 4, 2015 and its Current Reports on Form 8-K, which were filed with the SEC on March 27, 2014, May 16, 2014

and January 29, 2015. Information about the directors and executive officers of AXIS is set forth in its Annual Report on

Form

10-K

for

the

year

ended

December

31,

2014,

which

was

filed

with

the

SEC

February

23,

2015,

its

proxy

statement

for its 2014 annual meeting of stockholders, which was filed with the SEC on March 28, 2014, its Quarterly Report on Form

10-Q

for

the

quarter

ended

March

31,

2015,

which

was

filed

with

the

SEC

May

2015

and

its

Current

Reports

Form

8-K, which were filed with the SEC on March 11, 2015, January 29, 2015, August 7, 2014, June 26, 2014, March 27, 2014

and February 26, 2014.

These documents can be obtained free of charge from the sources indicated above. Additional information regarding the

participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or

otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC when

they become available.

Forward Looking Statements

Certain statements in this communication regarding the proposed transaction between PartnerRe and AXIS are “forward-

looking”

statements. The words “anticipate,”

“believe,”

“ensure,”

“expect,”

“if,”

“intend,”

“estimate,”

“probable,”

“project,”

“forecasts,”

“predict,”

“outlook,”

“aim,”

“will,”

“could,”

“should,”

“would,”

“potential,”

“may,”

“might,”

“anticipate,”

“likely,”

“plan,”

“positioned,”

“strategy,”

and

similar

expressions,

and

the

negative

thereof,

are

intended

identify

forward-looking

statements. These forward-looking statements, which are subject to risks, uncertainties and assumptions about PartnerRe

and AXIS, may include projections of their respective future financial performance, their respective anticipated growth

strategies and anticipated trends in their respective businesses. These statements are only predictions based on current

expectations and projections about future events. There are important factors that could cause actual results, level of

activity, performance or achievements to differ materially from the results, level of activity, performance or achievements

expressed

implied

the

forward-looking

statements,

including

the

risk

factors

set

forth

PartnerRe’s

and

AXIS’

most

recent

reports

Form

10-K,

Form

10-Q

and

other

documents

file

with

the

SEC

and

the

factors

given

below:

PartnerRe’s forward-looking statements are based on assumptions that PartnerRe believes to be reasonable but that may

not prove to be accurate. AXIS’

forward-looking statements are based on assumptions that AXIS believes to be reasonable

but that may not prove to be accurate. Neither PartnerRe nor AXIS can guarantee future results, level of activity,

performance or achievements. Moreover, neither PartnerRe nor AXIS assumes responsibility for the accuracy and

completeness of any of these forward-looking statements. PartnerRe and AXIS assume no obligation to update or revise any

forward-looking

statements

result

new

information,

future

events

otherwise,

except

may

required

law.

Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date

hereof.

The failure to obtain the approval of shareholders of PartnerRe or AXIS in connection with the proposed transaction;

The failure to consummate or delay in consummating the proposed transaction for other reasons;

The timing to consummate the proposed transaction;

The

risk

that

condition

closing

the

proposed

transaction

may

not

satisfied;

The

risk

that

regulatory

approval

that

may

required

for

the

proposed

transaction

delayed,

not

obtained,

obtained subject to conditions that are not anticipated;

AXIS’

or PartnerRe’s ability to achieve the synergies and value creation contemplated by the proposed transaction;

The

ability

either

PartnerRe

AXIS

effectively

integrate

their

businesses;

and

The diversion of management time on transaction-related issues.

Overview of Transformational Opportunity

(Re)insurance

Powerhouse

Brings

together

two

strong,

world-class,

successful

companies

building

existing

strengths

~$13bn

combined

shareholders'

equity

(

)

Top 5 global reinsurance franchise with leading position in the broker channel

Top 10 global life and health reinsurer

Primary

specialty

platform

with

$2.5bn+

premiums

across

diversified

array

of product lines

Value Creation

Through Combined

Franchise Strengths

Increased relevance with distribution partners across the three major business

units

Over $200 million in identifiable and actionable expense savings

Significantly enhances capital generation

Diverse sources of income to enhance ROE profile and value creation over time

Expanded ability to reinvest in franchise while returning capital to shareholders

Clear Common Vision

Accelerates Strategies

For Both Companies

Growth accompanied by excellence in risk management

Embrace secular change in the delivery of capital to address risk

Best-in-class talent across all aspects of business

Compatible cultures facilitate integration

(1) Financial data as of 3/31/15.

Revised Amalgamation Overview

Consideration to

Shareholders

AXIS shareholders to receive 1 share of the amalgamated company per common

share in a tax free reorganization

PartnerRe

shareholders

receive

2.18

the

amalgamated

company

per

common share

Preferred shares to remain outstanding as preferred shares of the Amalgamated

company

Dividend to PartnerRe

Common Shareholders

Extraordinary one-time dividend of $11.50 per share payable at, and contingent

upon, closing

Pro Forma Ownership

PartnerRe will own approximately 51.5% percent of the amalgamated company

AXIS will own approximately 48.5% percent of the amalgamated company

Corporate Governance

of Combined Company

Board

Directors

comprise

members,

consisting

seven

AXIS

appointees

and seven PartnerRe appointees

Management

teams

reflect

balance,

leveraging

talent

from

both

organizations

Approvals

Customary regulatory approvals

PartnerRe and AXIS shareholder approvals

Expected close in the second half of 2015

Market position

Top Global P&C Reinsurers by P&C

Reinsurance GPW

(1)

Transformative Combination Creating a

Leading Global Reinsurance Platform

(1) Rankings are by 2013 GPW.

(2) Berkshire Hathaway Reinsurance includes General Re. Corp.

(3) GPW not disclosed. Indicated values are on a NPW basis.

Top 5 global reinsurer

Leading position among broker-based

reinsurers

Strong positions in specialty

reinsurance lines

Combination of two additive platforms

with highly regarded UW and service

capabilities

Limited overlap in current portfolios

suggesting manageable attrition

Ability to channel third-party capital to

deliver expanded client solutions

$2.1

$2.3

$2.4

$3.3

$3.4

$3.5

$3.7

$4.0

$4.6

$4.7

$6.4

$6.7

$10.4

$18.0

$22.6

Generali

RenRe / Platinum

AXIS

Mitsui Sumitomo

Fairfax Financial

Sompo Japan

General Insurance Co. of India

Mapfre

Allianz

Alleghany

Korean Re

XL / Catlin

Everest Re

PartnerRe

China Re

SCOR

PartnerRe + AXIS

Berkshire Re

Hannover Re

Swiss Re

Munich Re

($ in billions)

Note: Chart excludes life and health reinsurance GPW if publicly disclosed. Excludes Lloyd’s.

$2.1

(3)

$8.8

(2)

Pro Forma Combined Life and A&H Breakdown

3/31/15 LTM GPW

Leadership in Life, Accident & Health with

High Growth Potential

By Line of Business

Total GPW:

$1.6bn

Life Reinsurance

60%

A&H

40%

Global product development

Significant geographic reach

Advantages to hybrid (insurance and

reinsurance) model

Combination with little overlap and highly

complementary capabilities

Products for developed market demographics

(e.g. longevity, disability) and less developed

markets (e.g. medical, employee benefits)

Healthcare spending booming internationally

Growth in U.S. healthcare market since

Affordable Care Act

Ability to leverage broad product capabilities

for high growth

Top 10 global life and health reinsurer

Top 3 U.S. health reinsurer

Significant market presence

World-Class Combined Management Team

Non-executive Chairman

Jean-Paul L. Montupet, Chairman PartnerRe

Chairman Emeritus

Michael A. Butt, Chairman AXIS Capital

CEO

Albert A. Benchimol, CEO AXIS Capital

CFO

Joseph Henry, CFO AXIS Capital

Deputy CFO and Lead Integration Officer

(1)

Bill Babcock, PartnerRe CFO

CEO, Reinsurance

Emmanuel Clarke, CEO PartnerRe Global

CEO, Insurance

Peter Wilson, CEO AXIS Insurance

CEO, Life, Accident & Health

Chris DiSipio, CEO AXIS Accident & Health

Head of Strategic Business Development and

Capital Solutions

John “Jay”

Nichols, CEO AXIS Re

(1) Assuming the role of CFO no later than July, 2016.

Tremendous Opportunity for Value Creation

Profitable

Growth through

Increased

Market Presence

~$13bn

combined

shareholders'

equity

(

)

$10.4bn

combined

GPW

across

attractive

businesses

(

)

Sustainable, long-term commercial growth prospects through combined scale,

efficiencies and expanded product capability

Expanded

global

platform

and

local

market

expertise

will

support

and

enhance

growth

opportunities

At Least $200M

of Annual Run-

Rate Synergies

Expected to be realized within the first 18 months

Identifiable and achievable expense savings

Principal sources include staff redundancies, systems and infrastructure and holding

company expenses

Limited

Execution Risk

Quality

both

companies’

balance

sheets

Familiarity

between

the

companies’

management

teams

Shared philosophy of underwriting conservatism

Potential for

Increased

Valuation

Attractive entry point for shareholders

Stronger platform and EPS/ROE accretion drive sustainable value creation

(1) Financial data as of 3/31/15.