0001193125-12-240001 Sample Contracts

May 16, 2012 Mr. Joseph C. Henry c/o AXIS Capital Holdings Limited Pembroke HM08, Bermuda Dear Joseph:
Employment Agreement • May 18th, 2012 • Axis Capital Holdings LTD • 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”).

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