0001104659-04-030957 Sample Contracts

AXIS SPECIALTY LIMITED 106 PITTS BAY ROAD PEMBROKE HM 08 BERMUDA
Employment Agreement • October 19th, 2004 • Axis Capital Holdings LTD • Fire, marine & casualty insurance

We are delighted that you have decided to join AXIS Specialty Limited, a Bermuda company (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 October 1, 2004

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