Exhibit 21.1

AXIS CAPITAL HOLDINGS LIMITED

SUBSIDIARIES OF THE REGISTRANT

Subsidiaries	Jurisdiction of Incorporation
AXIS Specialty Holdings Bermuda Limited	Bermuda
AXIS Specialty Limited	Bermuda
AXIS Specialty Investments Limited	Bermuda
AXIS Specialty Investments II Limited	Bermuda
AXIS Specialty Markets Limited	Bermuda
AXIS Ventures Limited	Bermuda
AXIS Ventures Reinsurance Limited	Bermuda
AXIS Reinsurance Managers Limited	Bermuda
Novae Bermuda Holdings Limited	Bermuda
Novae Bermuda Underwriting Limited	Bermuda
Glen Rock Holdings Ltd.	Bermuda
AXIS Re SE	Ireland
AXIS Specialty Europe SE	Ireland
AXIS Specialty Global Holdings Limited	Ireland
AXIS Specialty Holdings Ireland Limited	Ireland
Ternian Insurance Group LLC	Arizona
AXIS Specialty Insurance Company	Connecticut
AXIS Group Services, Inc.	Delaware
AXIS Specialty Finance LLC	Delaware
AXIS Specialty U.S. Holdings, Inc.	Delaware
AXIS Specialty U.S. Services, Inc.	Delaware
AXIS Specialty Underwriters, Inc.	Delaware
AXIS Insurance Company	Illinois
AXIS Surplus Insurance Company	Illinois

AXIS Reinsurance Company	New York
AXIS Managing Agency Ltd.	United Kingdom
AXIS Specialty Finance PLC	United Kingdom
AXIS Specialty UK Holdings Limited	United Kingdom
AXIS Corporate Capital UK Limited	United Kingdom
Novae Group Limited	United Kingdom
AXIS UK Services Limited	United Kingdom
Novae Holdings Limited	United Kingdom
Novae Corporate Underwriting Limited	United Kingdom
Novae Syndicates Limited	United Kingdom
AXIS Underwriting Limited	United Kingdom
Contessa Limited	United Kingdom
AXIS Re SE Escritório de Representação No Brasil Ltda.	Brazil
AXIS Specialty Canada Services, ULC	British Columbia
AXIS Reinsurance (DIFC) Limited	Dubai
Aviabel RE S.A.	Luxembourg