Creates Broadly Diversified Global Specialty Insurance and Reinsurance Company with Expanded Market Presence, Gross Premiums above $10 Billion, and Total Capitalization above $14 Billion )--AXIS Capital Holdings Limited and PartnerRe Ltd. today announced that they have signed a definitive amalgamation agreement to create one of the world's preeminent specialty insurance and reinsurance companies, with gross premiums written in excess of $10 billion, total capital of more than $14 billion, and cash and invested assets of more than $33 billion.