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Dr. Karl Mayr has been Chief Executive Officer and President of AXIS Re Zürich since August 2003. He is also Chairman of the Board of our subsidiary, AXIS Re Limited, and a director of our subsidiary, AXIS Specialty Holdings Ireland Limited. He has 25 years of reinsurance experience. Mr. Mayr joined Frankona Ruckversicherungs-AG in 1980, where he was appointed a member of the Board of Management in 1992. From 1988 to 1992, he held senior officer positions at the U.S. branch of Frankona in Kansas City, Missouri, which he headed up from 1990. After the acquisition of Frankona by ERC, he served on various boards of management in their German companies as well as a director on the boards of several of their European affiliates. From 2002 until July 2003, he was Chief Executive Officer of GE Frankona Re. | 