Company: AXS-PE
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001214816-25-000088
Chunk: 47

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 47
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 to compensation programs.            
 •Reviews and approves annual incentive spend and long-term incentive funding for the entire organization, based on final year results. |     |                      |
| Reviews                                         
 human capital management matters and strategies |     |                                                                                                                                                                                   |     |                                         |     |                                                                                                                   |     |                                                                                                                                        |     |                      |

### Risk Management and Compensation
In line with the Company’s requirements for managing compensation risk, the Human Capital and Compensation Committee seeks to ensure that our executive compensation program does not encourage executives to take risks that are inconsistent with the long-term success of the Company. The Committee believes that AXIS’ executive compensation program does not encourage inappropriate risk-taking. Specifically, in 2024, the Company’s annual incentive and long-term incentive plans were tied to our OROACE, rTSR, and Adjusted DBVPS performance, respectively, aligning our shareholders’ short- and long-term interests with the decision-making of our executives.

Additionally,

• the Committee retains discretion in overseeing our compensation programs, such that meaningful reductions in compensation are possible;

• the Committee also retains downward discretion if our risk management policies or tolerances have been breached;

| 58 |     | AXIS 2025 Proxy Statement |

| Compensation Discussion and Analysis |

• our executive compensation Clawback Policy ensures that our executives are not inappropriately rewarded in the event that we are required to restate our financial results;

• our stock ownership guidelines are designed to ensure that the long-term interests of our executives are aligned with those of our shareholders;

• the Chair of our Human Capital and Compensation Committee meets annually with our Risk Committee to review the Company’s compensation policies; and

• our Human Capital and Compensation Committee retains an independent consultant, apart from any consultant retained by management, as discussed in detail below.

Human Capital and Compensation Committee Consultant

Our Human Capital and Compensation Committee has sole authority to select, retain and terminate any consultants or advisors used to provide independent advice to the Human Capital and Compensation Committee and evaluate executive compensation, including the sole authority to approve the fees and any other retention terms for such consultant or advisor. Frederick W. Cook & Co. ("FW Cook") served as the Committee’s independent compensation consultant in 2024.

The independent compensation consultant assisted in establishing the Company's compensation policies and programs. During 2024, the independent compensation consultant:

• reviewed and advised the Human Capital and Compensation Committee on matters concerning compensation of the CEO and our other executive officers;

• reported on all aspects of short and long-term compensation program design, including incentive mix,