Axis Reinsurance Company (Canadian Branch)

Application For An Insurance Licence

Notice is hereby given, pursuant to section 49 of the Insurance Act (Ontario), that Axis Reinsurance Company intends to apply to the Superintendent of Financial Services for an insurance licence authorizing the company to carry on within Ontario under the name Axis Reinsurance Company (Canadian Branch), in English, and Axis Compagnie de Réassurance (succursale canadienne), in French, the business of accident and sickness, aircraft, automobile, boiler and machinery, credit, credit protection, fidelity, hail, legal expense, liability, property and surety insurance.

Toronto, July 26, 2008

Walker Sorensen LLP
Solicitors for the applicant

(141-P206)