0001047469-04-005860 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • February 27th, 2004 • Axis Capital Holdings LTD • Fire, marine & casualty insurance

AGREEMENT, made and entered into as of December 15, 2003 by and between Axis Specialty Limited, a Bermuda corporation (together with its successors and assigns, the "Company"), and John R. Charman (the "Executive").

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SERVICE AGREEMENT
Service Agreement • February 27th, 2004 • Axis Capital Holdings LTD • Fire, marine & casualty insurance • New York

AGREEMENT, made and entered into as of December 15, 2003 by and between Axis Specialty Limited, a Bermuda corporation (together with its successors and assigns, the "Company"), and Michael A. Butt (the "Executive").

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