Company: AXS-PE
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001214816-25-000088
Chunk: 48

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 48
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 measures and plan leverage;

• reported on emerging trends and developments in executive compensation and corporate governance;

• prepared quarterly formal presentations for the Human Capital and Compensation Committee regarding executive compensation;

#### •

#### advised on peer groups;
• prepared and reviewed compensation benchmarking analysis for each of the Company’s executive committee members; and

• reviewed and advised on director compensation (including subsidiary boards).

Each year, our compensation consultant is required to submit a letter describing any conflicts of interest and other factors relating to its independence. The Committee has determined that FW Cook is independent and its work during 2024 did not, and its work during 2025 will not, raise any conflict of interest.

From time to time, management also engages its own external compensation consultant to advise on the Company’s compensation programs generally, prepare reports that compare our compensation programs to those of peer companies and help ensure the competitiveness and appropriateness of our compensation programs.

#### Peer Benchmarking
AXIS gives careful consideration to each element of total compensation and evaluates each NEO's competitive position on a total direct compensation basis, including base salary and short- and long-term incentive targets. When setting executive compensation, we consider market pay practices and pay levels using a compensation peer group and industry-leading surveys.

The Committee regularly reviews the Company’s peer groups and considers advice from its compensation consultant. In selecting its compensation peer group, the Committee seeks companies operating in similar industries, with a similar business model and similar size and geographic footprint. In 2024, with the support of FW Cook, the Committee reassessed its compensation and performance peer groups to provide a more robust data set for compensation and performance assessment decisions and, with respect to the performance peer group, to reflect peers that the Company considers when discussing Company performance with the investor community.

| AXIS 2025 Proxy Statement |     | 59 |

| Compensation Discussion and Analysis |

The Committee has established a separate performance peer group to assess relative performance to determine vesting for performance-contingent equity awards. The performance peer group augments the compensation peer group with additional global (re)insurers. Importantly, the Committee believed a larger peer group was necessary to compare performance given that the compensation group is fairly small. The Committee also considered that the industry consolidation of recent years is expected to continue.

| 2024 Compensation Benchmarking Peer Group |     |                                                                                                                         |
| •American Financial Group, Inc.           
 •Arch Capital Group Ltd.                  
 •Beazley                                  
 •Cincinnati Financial Corporation         
 •CNA Financial Corporation                
 •Everest Re