0001214816-18-000030 Sample Contracts

Employee Restricted Stock Unit Agreement (Performance Vesting / 100% Stock Settled)
Employee Restricted Stock Unit Agreement • May 9th, 2018 • Axis Capital Holdings LTD • Fire, marine & casualty insurance

You (the “Participant”) have been granted an award of Restricted Stock Units (the “Award”) with a value based on ordinary shares, par value $0.0125 per share (“Shares”), of AXIS Capital Holdings Limited, a Bermuda company (the “Company”), pursuant to the AXIS Capital Holdings Limited 2017 Long-Term Equity Compensation Plan (the “Plan”). The date of grant of the Award (the “Award Date”), the vesting start date (the “Vesting Start Date”) and the base number of Restricted Stock Units subject to the Award (the “Target Number”) are as set forth in your restricted stock unit account maintained on the Morgan Stanley Benefit Access website or such other website as may be designated by the Compensation Committee of the Board of Directors of AXIS Capital Holdings Limited (the “Committee”). The actual number of Restricted Stock Units that you will be eligible to earn with respect to this Award (the “Award Units”), subject to meeting the applicable service and performance vesting requirements, wil

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Separation Agreement • May 9th, 2018 • Axis Capital Holdings LTD • Fire, marine & casualty insurance • New York

AXIS Stock Price as of January 24, 2018 $51.46 Award Number Award Date Award Type Vest Date Unvested Share Amount Estimated Value of Unvested Shares Comments A3630 (1) 3/1/2015 PSU 3/1/2018 5,613 $288,845 Vests Prior to Departure A1397 3/1/2014 RSU 3/1/2018 1,015 $52,232 Vests Prior to Departure A2169 3/1/2014 RSU 3/1/2018 1,015 $52,232 Vests Prior to Departure A3614 3/1/2015 RSU 3/1/2018 1,578 $81,204 Vests Prior to Departure A4406 3/1/2016 RSU 3/1/2018 1,673 $86,093 Vests Prior to Departure A5453 3/1/2017 RSU 3/1/2018 1,616 $83,159 Vests Prior to Departure Sub Total 12,510 $643,765 A4424 (2) 3/1/2016 PSU 3/1/2019 6,691 $344,319 A5463 (2) 3/1/2017 PSU 3/1/2020 5,624 $289,411 A3614 3/1/2015 RSU 3/1/2019 1,579 $81,255 A4406 3/1/2016 RSU 3/1/2019 1,673 $86,093 A5453 3/1/2017 RSU 3/1/2019 1,617 $83,211 A4406 3/1/2016 RSU 3/1/2020 1,673 $86,093 A5453 3/1/2017 RSU 3/1/2020 1,617 $83,211 A5453 3/1/2017 RS

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