0001104659-06-015328 Sample Contracts

AXIS SPECIALTY U.S. SERVICES, INC. 430 PARK AVENUE, 15TH FLOOR NEW YORK, NEW YORK 10022
Axis Capital Holdings LTD • March 9th, 2006 • Fire, marine & casualty insurance • New York

We are delighted that you have decided to join AXIS Specialty U.S. Services, Inc., a Delaware corporation (the “Company”) and wholly owned, indirect subsidiary of AXIS Capital Holdings Limited, a Bermuda company (the “Parent”). We thought it would be useful to lay out the terms and conditions of our agreement in this letter agreement (this “Agreement”). This Agreement is dated as of January 1, 2004.

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Employment Contract between
Axis Capital Holdings LTD • March 9th, 2006 • Fire, marine & casualty insurance

The Employee is currently employed within the AXIS group of companies (hereinafter the "AXIS Group") in the function as Senior Vice-President of AXIS Re Speciality, Bermuda, based on an employment contract dated August 1, 2003.

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