AMENDMENT NO. 1 to EMPLOYMENT AGREEMENT dated May 3, 2012 by and among AXIS Specialty U.S. Services, Inc. (the “Company”), AXIS Capital Holdings Limited (“Holdings”) and Albert A. Benchimol (the “Executive”) Dated March 9, 2015Employment Agreement • March 11th, 2015 • Axis Capital Holdings LTD • Fire, marine & casualty insurance
WHEREAS, the Compensation Committee of the Board of Directors of Holdings, the Company and the Executive have determined that it is in the best interests of the Company, Holdings and their shareholders to amend the Agreement in order to extend the term of service thereof;
