AXIS Logo] January 23, 2015 John D. Nichols, Jr. [Address] Dear Jay:Axis Capital Holdings LTD • January 29th, 2015 • Fire, marine & casualty insurance • New York
Company FiledJanuary 29th, 2015 Industry JurisdictionWe are delighted that you have decided to continue your service with 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”).