Company: AXS-PE
Filing Date: 2025-11-04
Form Type: S-3ASR
Source: 0001104659-25-106379
Chunk: 98

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-11-04
Form: S-3ASR
Chunk 98
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S

Article 2 of the Articles of Association provides that the liability of the members of AXIS Finance PLC is limited to the amount, if any unpaid on the shares held by them in AXIS Finance PLC.

Article 85 of the Articles of Association provides that, save where such indemnity would be prohibited or rendered void by any provision of the Companies Act 2006 or by any other provision of law, a director or former director of AXIS Finance PLC, or of an associated company, may be indemnified out of the assets of AXIS Finance PLC against:

(a)

“any liability incurred by that director in connection with any negligence, default, breach of duty or breach of trust in relation to AXIS Finance PLC or an associated company,

(b)

any liability incurred by that director in connection with the activities of AXIS Finance PLC or an associated company in its capacity as a trustee or an occupational pension scheme (as defined in section 235(6) of the Companies Act 2006),

(c)

any other liability incurred by that director as an officer of AXIS Finance PLC or an associated company.”

Article 86 of the Articles of Association provides that the directors of AXIS Finance PLC may purchase and maintain insurance, at the expense of AXIS Finance PLC, for the benefit of any director or former director of AXIS Finance PLC or an associated company, in respect of any loss or liability which has been or may be incurred by such a director in connection with that director’s duties or powers in relation to AXIS Finance PLC, any associated company or any pension fund or employees’ share scheme of AXIS Finance PLC or associated company.

Section 232 of the Companies Act 2006 provides as follows:

(1)

“(Any provision that purports to exempt a director of a company (to any extent) from any liability that would otherwise attach to him in connection with any negligence, default, breach of duty or breach of trust in relation to the company is void.

(2)

Any provision by which a company directly or indirectly provides an indemnity (to any extent) for a director of the company, or of an associated company, against any liability attaching to him in connection with any negligence, default, breach of duty or breach of trust in relation to the company of which he is a director is void, except as permitted by —

(a)

section 233 (provision of insurance),

(b)

section 234 (qualifying third party indemnity provision), or

(c)

section 235 (qualifying pension scheme indemnity provision).

(3)

This section applies to any provision, whether