Material Agreement - Form 8-K - Insurance News | InsuranceNewsNet

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January 3, 2024 Newswires
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Material Agreement – Form 8-K

U.S. Markets (Alternative Disclosure) via PUBT
Item 1.01 Entry into a Material Definitive Agreement
Pursuant to a Deed of Amendment, dated December 29, 2023, AXIS Specialty Limited, AXIS Re SE, AXIS Specialty Europe SE, AXIS Insurance Company, AXIS Surplus Insurance Company and AXIS Reinsurance Company (the "Companies") amended their existing $500 million secured letter of credit facility with Citibank Europe plc to extend the tenors of issuable letters of credit (i) denominated in a currency other than Australian or New Zealand dollars to March 31, 2025; and (ii) denominated in either Australian dollars or New Zealand dollars to March 31, 2026 (the "Amendment"). The Amendment is effective December 31, 2023. The Companies are subsidiaries of AXIS Capital Holdings Limited, a Bermuda company.

The description of the Amendment contained herein is qualified in its entirety by reference to the full text of the Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

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Axis Capital Holdings Limited published this content on 03 January 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 January 2024 22:24:31 UTC.

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