AXIS CAPITAL SERIES C 6.875%

Ticker: AXS 6.875 PERP C CUSIP: G0692U307 Class: PUBLIC

IAT REINSURANCE CO LTD.'s Holding History (CIK: 0001633625)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016

Shares 60,000 Value ($000) $1,513 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	60,000	$1,513	—	—