On March 23, 2026, AXIS Capital Holdings Limited announced an amendment to its existing $300 million secured letter of credit facility with Citibank Europe plc. The amendment reduces the aggregate secured capacity to $250 million and extends the tenors of issuable letters of credit to March 31, 2028. This adjustment reflects the company's strategic financial management and aims to optimize its liquidity position while maintaining access to necessary credit resources. The companies involved in this amendment include AXIS Specialty Limited, AXIS Re SE, AXIS Specialty Europe SE, AXIS Insurance Company, AXIS Surplus Insurance Company, and AXIS Reinsurance Company, all subsidiaries of AXIS Capital Holdings Limited. The terms of the uncommitted secured letter of credit facility dated March 26, 2024, remain unchanged by this amendment. This move is expected to have a small positive effect on the stock price as it demonstrates proactive financial management in a challenging economic environment.

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