Company: AXS-PE
Filing Date: 2025-11-07
Form Type: 8-K
Source: 0001214816-25-000197
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Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-11-07
Form: 8-K
Item: Item 5.02
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Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

On November 3, 2025, AXIS Specialty U. S. Services, Inc., a subsidiary of AXIS Capital Holdings Limited (the “ Company”) entered into a letter agreement (the “ Offer Letter”) with A. Tom Bolovinos to join the Company as Chief Accounting Officer, and, in connection with this role, Mr. Bolovinos will assume the position of Principal Accounting Officer, a designation currently held by Peter Vogt, effective as of December 2, 2025.

Mr. Bolovinos, age 44, joins the Company from Kemper Corporation, where he served as Senior Vice President - Corporate Controller since March 2023. From 2017 to 2023, he served as Vice President - Assistant Controller of Assurant, Inc. Prior to this, he held managerial positions at General Reinsurance Corporation and The Navigators Group, Inc. Mr. Bolovinos is a qualified accountant and received his Master of Science in Accounting degree and Bachelor of Science in Business Administration from the University of Connecticut.

Pursuant to the Offer Letter, Mr. Bolovinos will receive an annual base salary of $380,000 and will be eligible to participate in the Company’s non-equity incentive plan, with a target incentive opportunity equal to 65% of his base salary. Mr. Bolovinos will also receive a cash award of $360,000, payable within his first month of employment, which is subject to forfeiture if he voluntarily terminates his employment with the Company for any reason or he is involuntarily terminated for cause within his first year. In addition, Mr. Bolovinos will be granted a sign-on equity award of restricted stock units with a grant date fair value of $230,000, which will vest pro rata over a three-year period. He will also be eligible to participate in the Company’s 2017 Long Term Equity Compensation Plan, with an annual target equity award valued at $290,000. Mr. Bolovinos will be eligible to participate in the employee benefit plans customarily made available to the Company’s officers.

There are no arrangements or understandings between Mr. Bolovinos and any other persons pursuant to which he will be appointed the Company’s Chief Accounting Officer. There are no family relationships between Mr. Bolovinos and any director or executive officer of the Company, and he