AXIS Capital Holdings Limited announced the formation of AXIS Specialty Underwriters Inc., based in Miami ('AXIS Miami'), to operate as the company’s Latin American and Caribbean (LAC) regional coverholder for AXIS Syndicate 1686. AXIS Miami will operate within AXIS Insurance’s International Division and will provide direct and facultative reinsurance coverage to the LAC market, focused on energy and property. The launch of AXIS Miami, combined with AXIS Re Brazil’s existing Sao Paulo-based representative office for treaty business, enables the Company to deliver a full range of facultative and treaty reinsurance solutions in the LAC region. AXIS Re Brazil’s Sao Paulo representative office will continue to service treaty reinsurance clients throughout the LAC region, under the direction of AXIS Re Zurich.