AXIS Insurance first in production with AdminServer P&C Solution

Chester, PA - 27 March 2008

AdminServer, Inc. announced today that AXIS Insurance, an operating segment of AXIS Capital Holdings Limited (“AXIS Capital”), is in production with AdminServer’s Property & Casualty Policy Administration System. The power and flexibility of AdminServer’s rules engine enabled the system to be configured, launched, and in production use in less than six months.

The AXIS implementation also includes an integrated broker portal for future online autorate and autobind business submission and tracking. The broker portal utilizes AdminServer’s Common Calculation Architecture, providing AXIS a common set of business rules leveraged for policy quotation, submission and policy processing. Each application utilizes its own unique set of business rules, but AdminServer’s Common Calculation Architecture ensures that the multiple systems access the same core set of business rules whenever possible for calculation consistency.

Raymond Karrenbauer, Chief Information Officer of AXIS Capital commented, “We are very impressed with the flexibility of the AdminServer System and its use of a rules-based model. The AdminServer solution was the one of the few systems we found that could deliver the comprehensive support we required in regard to rapid deployment of new and innovative products.”

John Murray, Chief Operations Officer of AXIS Capital, added, “The product and transaction configuration capabilities of the AdminServer System were key in enabling our quick implementation. With AdminServer, technology is now a true enabler; providing us the time, cost, and product flexibility advantages we were looking for.”

Chris Doggett, Co-Founder with AdminServer stated, “We thank AXIS Capital for selecting AdminServer for its P&C processing needs. Our system has been built from the ground up with a clear focus on flexibility and power, the right industry partners, and the best technology available.”

Doggett continued, “We are already well known as a technology leader in the Life and Annuity markets. And, while AXIS Capital is our first client in the P&C industry, we plan to leverage this success and aggressively expand our P&C presence and market share.”

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