<SEC-DOCUMENT>0001193125-15-200574.txt : 20150527
<SEC-HEADER>0001193125-15-200574.hdr.sgml : 20150527
<ACCEPTANCE-DATETIME>20150526203630
ACCESSION NUMBER:		0001193125-15-200574
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20150526
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150527
DATE AS OF CHANGE:		20150526

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AXIS CAPITAL HOLDINGS LTD
		CENTRAL INDEX KEY:			0001214816
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31721
		FILM NUMBER:		15890769

	BUSINESS ADDRESS:	
		STREET 1:		92 PITTS BAY ROAD
		CITY:			PEMBROKE
		STATE:			D0
		ZIP:			HM 08
		BUSINESS PHONE:		(441) 496-2600

	MAIL ADDRESS:	
		STREET 1:		92 PITTS BAY ROAD
		CITY:			PEMBROKE
		STATE:			D0
		ZIP:			HM 08
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d932911d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Current Report </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): May&nbsp;26, 2015 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>AXIS CAPITAL HOLDINGS LIMITED </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact Name Of Registrant As Specified In Charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Bermuda</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-31721</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>98-0395986</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of Incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File No.)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>92 Pitts Bay Road </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Pembroke, Bermuda HM 08 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B></B><B>(Address of principal executive offices, including zip code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(441) 496-2600 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s telephone number, including area code) </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or address, if changed since last report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e(4)(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;8.01. Other Events. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On May&nbsp;26, 2015, AXIS Capital Holdings Limited, a Bermuda exempted company (&#147;<B>AXIS</B>&#148;), and PartnerRe Ltd., a Bermuda
exempted company (&#147;<B>PartnerRe</B>&#148;), issued a joint press release announcing that they have received antitrust clearance from the European Commission with respect to the definitive amalgamation agreement that the companies announced on
January&nbsp;25, 2015, and that, accordingly, the parties have now received all competition-related approvals required for completion of their amalgamation agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9.01 Financial Statements and Exhibits </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Exhibits </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:37.10pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit&nbsp;No</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release dated May 26, 2015</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Important Information For Investors And Stockholders </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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.&nbsp;This communication relates to a proposed business combination between PartnerRe Ltd. (&#147;<B>PartnerRe</B>&#148;) and AXIS Capital Holdings Limited (&#147;<B>AXIS</B>&#148;).&nbsp;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 &#147;<B>SEC</B>&#148;).&nbsp;This communication is not
a 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.&nbsp;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.&nbsp;Any definitive proxy statement(s) (if and when available) will be mailed to stockholders of PartnerRe and/or AXIS, as applicable.&nbsp;Investors and security holders will be able to obtain free copies of these documents
(if and when available) and other documents filed with the SEC by PartnerRe and/or AXIS through the website maintained by the SEC at <U>http://www.sec.gov</U>.&nbsp;Copies of the documents filed with the SEC by PartnerRe will be available free of
charge on PartnerRe&#146;s internet website at <U>http://www.partnerre.com</U> or by contacting PartnerRe&#146;s Investor Relations Director by email at <U>robin.sidders@partnerre.com</U> or by phone at 1-441-294-5216.&nbsp;Copies of the documents
filed with the SEC by AXIS will be available free of charge on AXIS&#146; internet website at <U>http://www.axiscapital.com</U> or by contacting AXIS&#146; Investor Relations Contact by email at <U>linda.ventresca@axiscapital.com</U> or by phone at
1-441-405-2727.</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Participants in Solicitation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PartnerRe, AXIS, their respective directors and certain of their respective executive officers may be 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&nbsp;31, 2014, which was filed with the SEC on February&nbsp;26,
2015, its proxy statement for its 2014 annual meeting of stockholders, which was filed with the SEC on April&nbsp;1, 2014, its Quarterly Report on Form 10-Q for the quarter ended March&nbsp;31, 2015, which was filed with the SEC on May&nbsp;4, 2015
and its Current Reports on Form 8-K, which were filed with the SEC on March&nbsp;27, 2014,&nbsp;May&nbsp;16, 2014 and January&nbsp;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&nbsp;31, 2014, which was filed with the SEC on February&nbsp;23, 2015, its proxy statement for its 2014 annual meeting of stockholders, which was filed with the SEC on March&nbsp;28, 2014, its Quarterly Report on
Form 10-Q for the quarter ended March&nbsp;31, 2015, which was filed with the SEC on May&nbsp;4, 2015 and its Current Reports on Form 8-K, which were filed with the SEC on March&nbsp;11, 2015,&nbsp;January&nbsp;29, 2015,&nbsp;August&nbsp;7,
2014,&nbsp;June&nbsp;26, 2014,&nbsp;March&nbsp;27, 2014 and February&nbsp;26, 2014. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These documents can be obtained free of charge from the sources
indicated above.&nbsp;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. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward Looking Statements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain statements in this communication regarding the proposed transaction between PartnerRe and AXIS are &#147;forward-looking&#148; statements.&nbsp;The
words &#147;anticipate,&#148; &#147;believe,&#148; &#147;ensure,&#148; &#147;expect,&#148; &#147;if,&#148; &#147;intend,&#148; &#147;estimate,&#148; &#147;probable,&#148; &#147;project,&#148; &#147;forecasts,&#148; &#147;predict,&#148;
&#147;outlook,&#148; &#147;aim,&#148; &#147;will,&#148; &#147;could,&#148; &#147;should,&#148; &#147;would,&#148; &#147;potential,&#148; &#147;may,&#148; &#147;might,&#148; &#147;anticipate,&#148; &#147;likely,&#148; &#147;plan,&#148;
&#147;positioned,&#148; &#147;strategy,&#148; and similar expressions, and the negative thereof, are intended to identify forward-looking statements.&nbsp;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.&nbsp;These statements are only predictions
based on current expectations and projections about future events.&nbsp;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 or implied by the forward-looking statements, including the risk factors set forth in PartnerRe&#146;s and AXIS&#146; most recent reports on Form 10-K, Form 10-Q and other documents on file with the SEC and the factors
given below: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the failure to obtain the approval of shareholders of PartnerRe or AXIS in connection with the proposed transaction; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the failure to consummate or delay in consummating the proposed transaction for other reasons; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the timing to consummate the proposed transaction; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the risk that a condition to closing of the proposed transaction may not be satisfied; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the risk that a regulatory approval that may be required for the proposed transaction is delayed, is not obtained, or is obtained subject to conditions that are not anticipated; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">AXIS&#146; or PartnerRe&#146;s ability to achieve the synergies and value creation contemplated by the proposed transaction; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the ability of either PartnerRe or AXIS to effectively integrate their businesses; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the diversion of management time on transaction-related issues. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PartnerRe&#146;s forward-looking statements
are based on assumptions that PartnerRe believes to be reasonable but that may not prove to be accurate. AXIS&#146; 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.&nbsp;Moreover, neither PartnerRe nor AXIS assumes responsibility for the accuracy and completeness of any of these forward-looking
statements.&nbsp;PartnerRe and AXIS assume no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as may be required by law.&nbsp;Readers are cautioned not to place undue
reliance on these forward-looking statements that speak only as of the date hereof. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SIGNATURES </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: May&nbsp;26, 2015 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>AXIS CAPITAL HOLDINGS LIMITED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Richard T. Gieryn, Jr.</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">Richard T. Gieryn, Jr.</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">General Counsel</TD></TR>
</TABLE></DIV>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">EXHIBIT INDEX </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:37.10pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit&nbsp;No</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release dated May 26, 2015</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d932911dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">


<IMG SRC="g932911g14l48.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g932911g91a51.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AXIS Capital and PartnerRe Announce Approval from </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>European Commission for Pending Merger </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>&#151; All Competition-Related Approvals Required for Transaction Now Received &#151; </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>&#151; Transaction Remains on Track to Close in Third Quarter of 2015 &#151; </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PEMBROKE, Bermuda, May&nbsp;26, 2015 &#151; AXIS Capital Holdings Limited (&#147;AXIS Capital&#148;) (NYSE:AXS) and PartnerRe Ltd. (&#147;PartnerRe&#148;)
(NYSE:PRE) today announced that they have received antitrust clearance from the European Commission with respect to the definitive amalgamation agreement that the companies announced on January&nbsp;25, 2015. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AXIS Capital and PartnerRe have now received all competition-related approvals required for the completion of their amalgamation agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The transaction remains on track to close in the third quarter of 2015, subject to approvals by the shareholders of both companies, regulatory clearances, and
customary closing conditions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>About AXIS Capital</U></B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders&#146; equity attributable to AXIS Capital
at March&nbsp;31, 2015 of $6.0 billion and locations in Bermuda, the United States, Europe, Singapore, Canada, Australia, and Latin America. Its operating subsidiaries have been assigned a rating of &#147;A+&#148; (&#147;Strong&#148;) by
Standard&nbsp;&amp; Poor&#146;s and &#147;A+&#148; (&#147;Superior&#148;) by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>About PartnerRe Ltd.</U></B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PartnerRe Ltd. is a leading
global reinsurer, providing multi-line reinsurance to insurance companies. The Company, through its wholly owned subsidiaries, also offers capital markets products that include weather and credit protection to financial, industrial and service
companies. Risks reinsured include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multi-line and other lines in its Non-life operations,
mortality, longevity, and accident and health in its Life and Health operations, and alternative risk products. For the year ended December&nbsp;31, 2014, total revenues were $6.5 billion. At March&nbsp;31, 2015, total assets were $22.5 billion,
total capital was $8.0 billion, and total shareholders&#146; equity attributable to PartnerRe was $7.2 billion. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Important Information for Investors and Stockholders </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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.&nbsp;This communication relates to a proposed business combination between PartnerRe Ltd. (&#147;<B>PartnerRe</B>&#148;) and AXIS Capital Holdings Limited (&#147;<B>AXIS</B>&#148;).&nbsp;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 &#147;<B>SEC</B>&#148;).&nbsp;This communication is not
a 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.&nbsp;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.&nbsp;Any definitive proxy statement(s) (if and when available) will be mailed to stockholders of PartnerRe and/or AXIS, as applicable.&nbsp;Investors and security holders will be able to obtain free copies of these documents
(if and when available) and other documents filed with the SEC by PartnerRe and/or AXIS through the website maintained by the SEC at <U>http://www.sec.gov</U>.&nbsp;Copies of the documents filed with the SEC by PartnerRe will be available free of
charge on PartnerRe&#146;s internet website at <U>http://www.partnerre.com</U> or by contacting PartnerRe&#146;s Investor Relations Director by email at <U>robin.sidders@partnerre.com</U> or by phone at 1-441-294-5216.&nbsp;Copies of the documents
filed with the SEC by AXIS will be available free of charge on AXIS&#146; internet website at <U>http://www.axiscapital.com</U> or by contacting AXIS&#146; Investor Relations Contact by email at <U>linda.ventresca@axiscapital.com</U> or by phone at
1-441-405-2727.</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Participants in Solicitation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PartnerRe, AXIS, their respective directors and certain of their respective executive officers may be 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&nbsp;31, 2014, which was filed with the SEC on February&nbsp;26,
2015, its proxy statement for its 2014 annual meeting of stockholders, which was filed with the SEC on April&nbsp;1, 2014, its Quarterly Report on Form 10-Q for the quarter ended March&nbsp;31, 2015, which was filed with the SEC on May&nbsp;4, 2015
and its Current Reports on Form 8-K, which were filed with the SEC on January&nbsp;29, 2015,&nbsp;May&nbsp;16, 2014 and March&nbsp;27, 2014. 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&nbsp;31, 2014, which was filed with the SEC on February&nbsp;23, 2015, its proxy statement for its 2014 annual meeting of stockholders, which was filed with the SEC on March&nbsp;28, 2014, its Quarterly Report on
Form 10-Q for the quarter ended March&nbsp;31, 2015, which was filed with the SEC on May&nbsp;4, 2015 and its Current Reports on Form 8-K, which were filed with the SEC on March&nbsp;11, 2015,&nbsp;January&nbsp;29, 2015,&nbsp;August&nbsp;7,
2014,&nbsp;June&nbsp;26, 2014,&nbsp;March&nbsp;27, 2014 and February&nbsp;26, 2014. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These documents can be obtained free of charge from the sources
indicated above.&nbsp;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. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward Looking Statements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain statements in this communication regarding the proposed transaction between PartnerRe and AXIS are &#147;forward-looking&#148; statements.&nbsp;The
words &#147;anticipate,&#148; &#147;believe,&#148; &#147;ensure,&#148; &#147;expect,&#148; &#147;if,&#148; &#147;intend,&#148; &#147;estimate,&#148; &#147;probable,&#148; &#147;project,&#148; &#147;forecasts,&#148; &#147;predict,&#148;
&#147;outlook,&#148; &#147;aim,&#148; &#147;will,&#148; &#147;could,&#148; &#147;should,&#148; &#147;would,&#148; &#147;potential,&#148; &#147;may,&#148; &#147;might,&#148; &#147;anticipate,&#148; &#147;likely,&#148; &#147;plan,&#148;
&#147;positioned,&#148; &#147;strategy,&#148; and similar expressions, and </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the negative thereof, are intended to identify forward-looking statements.&nbsp;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.&nbsp;These statements are only predictions based on current
expectations and projections about future events.&nbsp;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 or implied by the forward-looking statements, including the risk factors set forth in PartnerRe&#146;s and AXIS&#146; most recent reports on Form 10-K, Form 10-Q and other documents on file with the SEC and the factors given below: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the failure to obtain the approval of shareholders of PartnerRe or AXIS in connection with the proposed transaction; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the failure to consummate or delay in consummating the proposed transaction for other reasons; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the timing to consummate the proposed transaction; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the risk that a condition to closing of the proposed transaction may not be satisfied; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the risk that a regulatory approval that may be required for the proposed transaction is delayed, is not obtained, or is obtained subject to conditions that are not anticipated; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">AXIS&#146; or PartnerRe&#146;s ability to achieve the synergies and value creation contemplated by the proposed transaction; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the ability of either PartnerRe or AXIS to effectively integrate their businesses; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the diversion of management time on transaction-related issues. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PartnerRe&#146;s forward-looking statements
are based on assumptions that PartnerRe believes to be reasonable but that may not prove to be accurate. AXIS&#146; 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.&nbsp;Moreover, neither PartnerRe nor AXIS assumes responsibility for the accuracy and completeness of any of these forward-looking
statements.&nbsp;PartnerRe and AXIS assume no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as may be required by law.&nbsp;Readers are cautioned not to place undue
reliance on these forward-looking statements that speak only as of the date hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>AXIS Capital: </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investor: </B> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B>AXIS Capital Holdings Limited<B>
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B>Linda Ventresca, (441)&nbsp;405-2727<B> <U> </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><U>investorrelations@axiscapital.com</U> <B> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B>or <B> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Media: </B> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B>Kekst and Company<B> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B>Michael Herley,
(212)&nbsp;521-4897<B> <U> </U></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><U>michael-herley@kekst.com </U><B> </B></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PartnerRe Ltd.:</B> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investor: </B> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Robin Sidders, (441)-294-5216 <U> </U></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>robin.sidders@partnerre.com </U> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">or <B> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Media: </B> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Celia Powell, (441)&nbsp;294-5210 <U> </U></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>celia.powell@partnerre.com </U> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">or </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Sard Verbinnen&nbsp;&amp; Co </B> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Drew Brown/Daniel
Goldstein, (212)&nbsp;687-8080 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Source: AXIS Capital Holdings Limited and PartnerRe Ltd. </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g932911g14l48.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g932911g14l48.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"`!1`(T#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V:BBB@"EJ
M5S>VL(DLM/\`MS=XQ,(S^&>#7*6OQ6T3^T&T_5K:[TBY1MK+<H-JGW(Z?7I7
M<5X]\;].MXKW3-13:L\ZO%(.[!<$']2/RH`]>CD2:-9(G5T<95E.01Z@T^O)
M_@QXCEE%SX>N9"RQ+YUMN/W1G#*/;D'\Z]7H`YSQEXQ3P=;6US-I\UU%.Y0M
M$P&QL9`.?7G\JS_"7Q,L/%>KMIL=E-:2^69$,CJ0^.H&/;FM/QUHHU[PA?68
M`,JIYL/^^O(_/I^-?/F@ZM+H6N6>J1#+6TH8KG&Y>C#\02*`/J2N5\5>/;+P
MQJ=GIK6LMW<W0SMC8#8,X!.?7G\J:T_B#5K3[6TT6F6)C\S>#EMF,YS]/I7$
M?#[0D\6^)M1U_4!)-:6[>7`7)&]NWY+^K5K*G&-KO[CGC5E._+'[]/\`@G;:
MU\0M-TJREN8H)KORAG"X4'GU/^%<I:_%V]UC48;&QTSR7G;:O\9KIOB!IEC9
M?#_53;6D49$:\A>?OKWKR#X>_P#(^Z1_UW_]E--S@I7@M/,(TZDH-5):^6AZ
ME)+XLN<DK>@'LJ;*YS4=5U*/4QI<2W=YJ9&3`'8[!ZMCH*[OX@>)SX6\-27,
M)'VN<^3;@]F/\7X#)_*L#X.Z2$T2YUVX+2WE_,P,K\MM4^ONV2?PK?ZVTK1B
MD<O]G1;O*;9CQM?0H%NIY/.ZG&Y0/8`U9AU._MR/)O9TQV\PXKT^XM+>[C,=
MQ`DJGLZYKBO$?AE=.C-Y99-OGYT/)3W'M771Q5.H^22L>=B,#5HIU(2NON%T
M[QI>0.$OD%Q'W91AQ_0UVEK=0WELEQ`X>.094UY/77>"[YUMKFW;YD1E91Z9
MSG^51B\-!1YX*QI@,;-S]G4=T=A1117E'OA7C7Q-CG\1^,YM/MCE=)TYYV`]
M0-Q_3;7LA(4$DX`ZFO*/!5]97>K^*?$>H/\`NKN4VT2]6=3G(`^FVFDY.R%*
M2BN:3LCA_A]J7]E^.-,G+8227R7/LXV_S(KW74/$UM;S?9;*-KVZ/`CBY`/N
M:^:YD:TNW1<@PR$#UX/%?3'ANVL$T:UNK*)5%S"DA<\LV0#R:N'(K\RN95/:
M2M[-V7?_`"**Z-JNL$2:S=F&'J+6`X_,_P#ZZ\2\=Z"/#OBV[LHU*V[D2P9_
MN-_@<C\*^D:\R^-.B?:-)M-:C3+VC^5*1_<;I^3?SHG4<]]ATJ4:>JU;ZLYP
M^-Y)OA9;Z#"Y?4I9?L>T?>,74'\00OYUZOX2T%/#?ANTTU0/,1-TS#^*0\L?
MSX_"O#?ALMD_CS31?#*[CY7IYF#MS^/ZXKZ+K,V.8^)7_)/M6_ZYK_Z&M>+?
M#W_D?=(_Z[_^RFO:?B5_R3[5O^N:_P#H:UXM\/?^1]TC_KO_`.RF@#M/CE*_
MGZ/#D[`LK8[9^45O_!S48[KP<;,-^]LYV5E_V6^8']3^55OC/H[WGAZVU.)<
MM8RD/CLCX!/Y@5YQX"\4MX5\1QW$C'['<8BN5_V<\-]0>?IF@#Z.JIJ:))I=
MTLF-IB;/Y591UDC61&#(P!5@<@@]ZQ/%FH+9:.\0;][<_(H]NY_+^=:4HN4T
MD85YJ%.4I=CST=*[7P58_P"@3W,@XE<!?HO_`-<FN2L;*;4+R.U@7+N>O91W
M)KT^QLX["RBM8ON1+@>_J?SKU,=52AR+=GAY70<JCJ/9?F6***YSQ+XD_L]3
M9VC`W+#YF_YYC_&O+ITY5)<L3W:U:%&#G/8K>.O%<&B:%>Q0GS+MHB@`/$98
M8!/OSTK!^&G@]!X?M=0U!=RS9ECB]0>A;\`.*Y;QK;7']C6()9I]2N<1)_$X
M'?\`%B,5T=GK'Q.L;*"S@\*V@B@C6-!N'0#`_CK6I:C+E@_5F%%/$4^:JM+W
M2_(XCXG::--\=7H1=L=P%G4`8'S#G]0:]4^%&H_;_`MK&6R]H[0'Z`Y'Z$5Y
MA\06\47T]KJ/B/1XK`A3#&T1&'[X/)]ZZ/X(:EMN=3TMC]]5G0?3Y3_,5S':
M>OUP/Q:UDVOAZ+1;<;[O59!&J#D[01G\S@?C7>].37EFAY\<?%2ZUIOGT[1Q
MLM\]"PR%_7<WY4"/)P;K2M2!P8;JTFZ'JKJ?\17T]HFIQ:UHMGJ4/W+F)7QZ
M'N/P.17B?Q;T3^R_%S7L:XAU%/-'H''#?T/XUUGP6UO[1I5WHLK9>U?S8@?[
MC=?R/\Z!G3?$K_DGVK?]<U_]#6O%OA[_`,C[I'_7?_V4U[3\2O\`DGVK?]<U
M_P#0UKQ;X>_\C[I'_7?_`-E-`'T5>6D%_9S6=S&)(9T*.A[@]:^:_%7AV?PO
MK\^FS99%.Z&0C_61GH?Z'W%?3=<!\6M`75M"M[B%4^VV\P6/)`+(W##\.#^%
M-)MV1+DHJ[V*/PJ\8QR^'9].U&;#Z:H,;,>6B/0>Y!X_$47]Y=>(-6W)&S,Y
MVQ1#^%?\]:Y_PYX>AM+F"QAD1KZZ.-['&<#)Q[#%>LZ+H5MH\.$_>3L/GE(Y
M/L/05Z$>7"QO+63_``/(J<^.ERQT@NO<9H&AQZ/;?-A[B0?O'_H/:M>DI:X)
MS<Y<TMSU:=.-.*C%:(RO$&KC2-/,BX,\GRQ`^OK^%<)I5F^KZQ%#(Q;S'W2L
M>N.IJQXFOGO=:G!;,<+&-!Z8Z_K5KP44&ML&^\86V_F*]:G3]CAW);M'S]:K
M]9Q<8/X4[&9JZIK?QHTO34`-OI,(=E'0$#=_5!7J-<-X/\+ZM8^,=<U_6(HX
MVO&*P!)`_P`I;/X<!:[FO'/HSB?BUI_VWP-/*%R]I*DPX[9VG]&KROX:ZE_9
MOCO3V)PEP3`W_`AQ^N*]\UK3QJNB7M@0#]I@>,9]2./UKQ*U^%GC2TNH;F.T
MMA)#(KJ?M*]0<T#/3OB5XA_X1_PE.8GVW5Y^XAP>1D?,?P&?TJ3X=>'O^$>\
M(VT,B;;FX'GS^NYAP/P&!63X@\*:SXG\=:;<WT$2:+8A6QYH)=OO-\ON0!]!
M7?4".*^*^A_VMX/DN8US/I[>>N!SMZ,/RY_"O(_`>M_V!XOLKMVVPR-Y,WIL
M;C/X'!_"OH^:))X)(95#1R*593W!&"*\(O/A%XI2]G6T@MY+<2-Y3FX`)7/!
MQVXH&>I?$G_DGVK?]<E_]#6O%OA[_P`C[I'_`%W_`/937J6NW<MU\.SHFH31
M+J\D"12*C[U#*PY)'J!FN<\+?#V82I<Q(Y<=+F7Y57_=%;PH2DN:6B[LY*F+
MA%\L?>EV1Z'K'BJTT[,-N1<W'3:I^53[G^E<;XG.K1:!=>(-0<(R`"".4?>+
M$``+V'.?PKM]*\,V&E`2L//G')DD'`^@[5Y?\1/$DWC/7+?PWH"-=0PR<F/D
M2R=,Y_NJ,\_6M/;0I*U+?O\`Y&2P]2N^:N]/Y5M\^Y#\);:ZU?QM)JMR[2"S
M@8EST#-\H`].,_E7M]<]X)\*Q>$M!2S!$ES*?,N91_$_H/8=!715RMMN[.Y)
M)604444AGEVM0O;ZU>1N,'S68>X)R/YU!:74MC=QW,#8DC.1[^U>A:YH$&L1
M`DB*=/N2`?H?45Q-[X>U2P8^9:M(@_CB&X&O<H8BG4ARRW/E\5A*M&HYQ5UO
M<[72?$=CJ:*/,6&?'S1.<<^Q[UK5Y$RE3AE*D>HQ5F#5K^V&V"^F0>@?BL)X
M!-W@SJI9JTK5(_<>JTE>;Q^)-<(VI>2/_P!LP3_*IX[CQ3>']VUZ0?1=H_I6
M#P4EO)(ZEF<)?#!L]!+!1EB`!W-4+K7=+LP?.O8LC^%3N/Y"N5C\+:[?'-Y<
M;`?^>DI<_D*T[/P/8Q8-U-).?0?*O^-0Z5&/Q3OZ&BKXFI\%.WJQEUXWC+>7
MI]G),YZ%^/T'-0"R\3:[S=3?8[=OX?N\?0<_G746FG6=BNVUMHXAZJO)_&K%
M+VT(?PX_-ZE?5JE3^-._DM$8NF^%--L,.R?:)1_'+R!]!TJ[J6K6FDQ*UP9"
MS<1Q0Q-([^P515ZBL)SE-WD[G53I0IJT%8X/5;7Q?XT!M$C_`.$>TA^':4AK
MF9?3:#\H]LUO^&?!^C^%+8Q:=!F5QB2XDYD?\>P]A6[14&@4444`%%%%`"4"
MBB@#,U7_`%;5@Q?ZU?K11792^$\O$?Q#IK/[J_2K=%%<L]ST*7PAVI:**DT"
6BBB@`HHHH`****`"BBB@`HHHH`__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g932911g91a51.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g932911g91a51.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!H17AI9@``24DJ``@````#``!1!``!
M``````````11`0`!``````!S`&F'!``!````,@`````````!`(:2`@`;````
M1`````````!3;V9T=V%R93H@36EC<F]S;V9T($]F9FEC90``_]L`0P`(!@8'
M!@4(!P<'"0D("@P4#0P+"PP9$A,/%!T:'QX=&AP<("0N)R`B+",<'"@W*2PP
M,30T-!\G.3TX,CPN,S0R_]L`0P$)"0D,"PP8#0T8,B$<(3(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R_\``$0@`
M5P"B`P$B``(1`0,1`?_$`!\```$%`0$!`0$!```````````!`@,$!08'"`D*
M"__$`+40``(!`P,"!`,%!00$```!?0$"`P`$$042(3%!!A-180<B<10R@9&A
M""-"L<$54M'P)#-B<H()"A87&!D:)28G*"DJ-#4V-S@Y.D-$149'2$E*4U15
M5E=865IC9&5F9VAI:G-T=79W>'EZ@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>H
MJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35UM?8V=KAXN/DY>;GZ.GJ\?+S]/7V
M]_CY^O_$`!\!``,!`0$!`0$!`0$````````!`@,$!08'"`D*"__$`+41``(!
M`@0$`P0'!00$``$"=P`!`@,1!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P
M%6)RT0H6)#3A)?$7&!D:)B<H*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E
M9F=H:6IS='5V=WAY>H*#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6V
MM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_:``P#
M`0`"$0,1`#\`[/XR^)]?\&:#::QHNH1QB:X%I)!+;JX!,<I#J3R"#@D'()1.
M@WA]#QK?^*/"7A^'Q!::G:7T=BZR:E:W2)`L\9+9$+=4.7`"DL3L3EFW"7F_
MVCO^2>:?_P!A6/\`]%2UVGBN/7]?\*WND:3I<=K<7]NT#RZG,JQQ(Z+N_P!4
M7)?YV4<8RC$G&W>`;'AS7['Q3X?L]:TUI#:72%D\Q=K*02K*1ZA@1QD<<$CF
MM2N#\,Z1/X7L(?"B7EW8Z9I=N@74Y$B'VZ>X>08C+;E4(YX0@L6:,'Y1^]I^
M$]9UG6/A?JTNG:MYE_9RW5M97=S&EU($C/[OS/(9_,DVX^8#DD'9(,&0`](H
MKS?X?)XB\4>'-'\2:CXPGD:6TN8FAL[:.-"S/A6;<F#)&5(SMV\*!D;S+7^#
MFG70\.->GQ=?:C'_`&A=>9:LT$B!MY'SL/,;<W$ORR;3O!^8$LP!ZA17E_@V
M[\1>+Y?%-EJOB&^@;3-;,$$^GPQPC;$Q.P!HF&TG:2"[L0`&P"3)7TGXA:QI
M_@OQ,VI"?6-:TC59M*M98--<"ZD)VPEPGRC+G!"D$#:.69=P!ZQ17G?B6/Q[
M_8T%UX=%V^M(A65+LVT<!5URVQ`Y&]6D3;O9L"V8;CN)FL>*M;UBU\3^$K.W
MU*/2+36GDANDN1`TL+K&2JH,G+LS[<Y=0Z1<$,5D`+'Q4UK5_#G@.\UK1KR.
MWN+1T+!X1()%<^5CGH0TBN#SR@!!!(J/[;XENOAY9>)--U#S-2?3UU!K*2S6
M:.<F*23R45-KC+2(H.XG$2=27+8_Q2T^XTKX$ZM8W6HSZC)#Y*BZN`/,=/M*
M;`Y'WF"[5+?Q$9/)KG]5\;ZSX=^$&B6DFA06]O>Z?9V,6J74J3VP$D)W,T0!
M<XC4'!0C)<?,%'F`'IG@3Q=#XW\)VVMQ0QV[R.Z2VRSB4PLK$88X')7:V"!P
MP^M=)7G]F=+^$OPC-W:SSZO:6D2S+(LV1</*P`*<E4C+.#\N<`D_,Q):/Q/#
MXZD\/I/X>.I?V\J+_K9+2*`!BK2`1DN"?GV#<V5$!PYR?/`/1**KV$UQ<:=;
M37EK]DNI(D>:W\P2>4Y`+)N'#8.1D=<58H`****`"BBB@`HHHH`\G^.VFZIX
MA\,V>D:/I-]?7$=V+N1H8<HB+%-QGNQP<!<]`#@N@;U"QNOMMG'<&WGMV;(:
M&=-KHP)!!['!!Y!*GJ"0038HH`XO5Y]?M/&\$BZ')J]C(B1Z?(CK%%8RE)O-
M>4EB23MC&_9\J.RKEB5ER].CUG2/"'B_3]1T6^OKSS;NZ1;>)/+NTGDDP(1)
M)*O8L8RO`8#8['+^D44`<7\*;34].^'FGZ;K&G26-Y9/+;M&R1H'"R-AE"'!
M!'\1Y8@MR&#-'X%37='6;P]J&F3LL%W<7']H.0L+PR2R,FUC+*\DA;DAMI56
M^8D@&3N**`/-_AEI&K:5XA\9R:KHT]A_:&H?;[=Y3$V^.1Y,+NCS\RXY!=@-
MPP%R2_-VO@/7/$6B>/="U/3I-,?4-3_M;3)+SRI45G=CP8]VU]L85B';`<87
MD[_;**`/.]/\8>/%2RL-1\!2-JDKHLTZ721VB!FF.[>#(0%6-,]3EB,#*!SQ
M1_;UIXG\'/'#=ZE'8W$UQJ5U#:.50/&X`6-7"D;?-`^_(N$'S,^V7T2B@#S_
M`.,<.HZC\/[S1],TB^U"XOMNUK9%98O+993O!8-RJ,!@'+87JR@W+/PC8^(_
MA;I7ASQ!92#R;*&WD5EVR03Q)L+(2.H8-AAE6!_B5N>THH`\3TWPAK4W@C5/
MAKJ^B1[+9Y&T76)8B\$A9Y'5GV,3$_#D'.`&"L#D++U&B^,/'A>'3]=\!2)?
MNX7[3;72?90&64AF.6*`&-0<%CALXR41_1**`*]C#<06<<=W=?:KCDR2B,("
M22<*HZ*,X`))P!DL<DV***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BN.UOXB6&CZA-8_8KJ6>%BK9`C7[N1C/)&<#..A)&>,T
M7^*VG"+*:==-)N;Y690,<[3G)Y/RY&.,GKCGEEC</%M.6QZ4,HQLXJ<:;L_0
M[^BN`?XK:<(LIIUTTFYOE9E`QSM.<GD_+D8XR>N.1_BMIPBRFG732;F^5F4#
M'.TYR>3\N1CC)ZXY7U_#_P`Q7]BX_P#Y]O\`#_,[^BN`?XK:<(LIIUTTFYOE
M9E`QSM.<GD_+D8XR>N.9[7XG:9=75O;BQO`TLWEG"AL*20I`!)8_=RH'<XS@
M9%CL.W;F$\GQR5W3?X'<4445UGF!1110`4444`%%%%`!1110`45YOX_^+MGX
M!UR/2KG29[N26T6YC>.4*.?-7:<CCYD09YX=CU4!N7D_:4T<;_+\/WS8W;-T
MR+G_`%FW/7&<19ZXWOUV#>`>X45X?)^TIHXW^7X?OFQNV;ID7/\`K-N>N,XB
MSUQO?KL&\D_:4T<;_+\/WS8W;-TR+G_6;<]<9Q%GKC>_78-X![A17A\G[2FC
MC?Y?A^^;&[9NF1<_ZS;GKC.(L]<;WZ[!O)/VE-'&_P`OP_?-C=LW3(N?]9MS
MUQG$6>N-[]=@W@'5:W\.+S5-7O+^*\MXA.[.(RO0_-U(`ZD)VS\S9W%<M1;X
M47PW;-3MSUVY1AG[V,^G1/IN;KM&[O/"WB&W\5>'+36[1=MO=;S&I)R`'9<-
MD##<<@9`.0"PPQV*X99=AY-MK?S/8AGV.A%0C)66FR/*V^%%\-VS4[<]=N48
M9^]C/IT3Z;FZ[1N&^%%\-VS4[<]=N489^]C/IT3Z;FZ[1N]4HI?V;ANWXLK_
M`%@Q_P#,ON1Y6WPHOANV:G;GKMRC#/WL9].B?3<W7:-TL/PMO(+I)?[0MY%C
M?=M*8W`%L`Y##G"=01\S<':-WI]%"RW#KI^+!Y_CVK.2^Y!1117>>*%%%%`!
M1110`4444`%%%%`'D?Q1^$>I>/O$L6JVFI6EJD-DMNL<RL2S`S-DD=!N:,=^
M"Q_A`;C)/V:]8&_R_$%BV-VS="ZY_P!9MSUQG$6>N-[]=@WE%`!)^S7K`W^7
MX@L6QNV;H77/^LVYZXSB+/7&]^NP;R3]FO6!O\OQ!8MC=LW0NN?]9MSUQG$6
M>N-[]=@WE%`!)^S7K`W^7X@L6QNV;H77/^LVYZXSB+/7&]^NP;R3]FO6!O\`
M+\06+8W;-T+KG_6;<]<9Q%GKC>_78-Y10![?X)T"X\+^$+'1+J>">2S\R,2P
E1"-73S&*$J!PQ4KNZ_-DDL>3T%%%`!1110`4444`%%%%`'__V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
