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Axis Capital Holdings Ltd – ‘10-K’ for 12/31/16 – ‘EX-10.6’

On:  Friday, 2/24/17, at 7:44pm ET   ·   As of:  2/27/17   ·   For:  12/31/16   ·   Accession #:  1214816-17-14   ·   File #:  1-31721

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/27/17  Axis Capital Holdings Ltd         10-K       12/31/16  144:42M

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   3.56M 
 3: EX-10.10    Material Contract                                   HTML     39K 
 4: EX-10.22    Material Contract                                   HTML     58K 
 5: EX-10.25    Material Contract                                   HTML     41K 
 6: EX-10.26    Material Contract                                   HTML     62K 
 7: EX-10.27    Material Contract                                   HTML     61K 
 8: EX-10.28    Material Contract                                   HTML     55K 
 9: EX-10.32    Material Contract                                   HTML     46K 
 2: EX-10.6     Material Contract                                   HTML     38K 
11: EX-21.1     Subsidiaries List                                   HTML     42K 
12: EX-23.1     Consent of Experts or Counsel                       HTML     33K 
10: EX-12.1     Statement re: Computation of Ratios                 HTML     59K 
13: EX-31.1     Certification -- §302 - SOA'02                      HTML     40K 
14: EX-31.2     Certification -- §302 - SOA'02                      HTML     40K 
15: EX-32.1     Certification -- §906 - SOA'02                      HTML     35K 
16: EX-32.2     Certification -- §906 - SOA'02                      HTML     35K 
23: R1          Document and Entity Information                     HTML     60K 
24: R2          Consolidated Balance Sheets                         HTML    129K 
25: R3          Consolidated Balance Sheets (Parenthetical)         HTML     44K 
26: R4          Consolidated Statements of Operations               HTML    116K 
27: R5          Consolidated Statements of Comprehensive Income     HTML     61K 
28: R6          Consolidated Statements of Changes in               HTML    119K 
                Shareholders' Equity                                             
29: R7          Consolidated Statements of Cash Flows               HTML    175K 
30: R8          History                                             HTML     35K 
31: R9          Significant Accounting Policies                     HTML    108K 
32: R10         Segment Information                                 HTML    319K 
33: R11         Goodwill and Intangible Assets                      HTML     94K 
34: R12         Investments                                         HTML    720K 
35: R13         Fair Value Measurements                             HTML    679K 
36: R14         Derivative Instruments                              HTML    161K 
37: R15         Reserve for Losses and Loss Expenses                HTML   1.52M 
38: R16         Reinsurance                                         HTML     76K 
39: R17         Debt and Financing Arrangements                     HTML     59K 
40: R18         Commitments and Contingencies                       HTML     71K 
41: R19         Earnings Per Common Share                           HTML     91K 
42: R20         Shareholders' Equity                                HTML    146K 
43: R21         Noncontrolling Interests                            HTML     50K 
44: R22         Retirement Plans                                    HTML     37K 
45: R23         Share-Based Compensation                            HTML    102K 
46: R24         Related Party Transactions                          HTML     46K 
47: R25         Reorganization and Related Expenses                 HTML     36K 
48: R26         Income Taxes                                        HTML    227K 
49: R27         Other Comprehensive Income (Loss)                   HTML    139K 
50: R28         Statutory Financial Information                     HTML     70K 
51: R29         Unaudited Condensed Quarterly Financial Data        HTML     99K 
52: R30         Subsequent Events                                   HTML     34K 
53: R31         Schedule I                                          HTML     83K 
54: R32         Schedule Ii                                         HTML    175K 
55: R33         Schedule Iii                                        HTML    163K 
56: R34         Schedule Iv                                         HTML     94K 
57: R35         Significant Accounting Policies (Policies)          HTML    164K 
58: R36         Segment Information (Tables)                        HTML    318K 
59: R37         Goodwill and Intangible Assets (Tables)             HTML     86K 
60: R38         Investments (Tables)                                HTML    692K 
61: R39         Fair Value Measurements (Tables)                    HTML    928K 
62: R40         Derivative Instruments (Tables)                     HTML    177K 
63: R41         Reserve for Losses and Loss Expenses (Tables)       HTML   1.46M 
64: R42         Reinsurance (Tables)                                HTML     68K 
65: R43         Commitments and Contingencies (Tables)              HTML     47K 
66: R44         Earnings Per Common Share (Tables)                  HTML     90K 
67: R45         Shareholders' Equity (Tables)                       HTML    117K 
68: R46         Noncontrolling Interests (Tables)                   HTML     46K 
69: R47         Share-Based Compensation (Tables)                   HTML     86K 
70: R48         Income Taxes (Tables)                               HTML    262K 
71: R49         Other Comprehensive Income (Loss) (Tables)          HTML    138K 
72: R50         Statutory Financial Information (Tables)            HTML     60K 
73: R51         Unaudited Condensed Quarterly Financial Data        HTML     98K 
                (Tables)                                                         
74: R52         Segment Information (Details)                       HTML    134K 
75: R53         Segment Information (Details 2)                     HTML     43K 
76: R54         Segment Information (Details 3)                     HTML     93K 
77: R55         Goodwill and Intangible Assets (Details)            HTML     96K 
78: R56         Goodwill and Intangible Assets (Details 2)          HTML     51K 
79: R57         Investments (Details)                               HTML     96K 
80: R58         Investments (Details 2)                             HTML     98K 
81: R59         Investments (Details 3)                             HTML    111K 
82: R60         Investments (Details 4)                             HTML     51K 
83: R61         Investments (Details 5)                             HTML    101K 
84: R62         Investments (Details 6)                             HTML     47K 
85: R63         Investments (Details 7)                             HTML     61K 
86: R64         Investments (Details 8)                             HTML     55K 
87: R65         Investments (Details 9)                             HTML     60K 
88: R66         Investments (Details 10)                            HTML     48K 
89: R67         Investments (Details 11)                            HTML     62K 
90: R68         Investments (Details 12)                            HTML     48K 
91: R69         Investments (Details 13)                            HTML     36K 
92: R70         Fair Value Measurements (Details)                   HTML    223K 
93: R71         Fair Value Measurements (Details 2)                 HTML     83K 
94: R72         Fair Value Measurements (Details 3)                 HTML    147K 
95: R73         Fair Value Measurements (Details 4)                 HTML     39K 
96: R74         Derivative Instruments (Details)                    HTML     71K 
97: R75         Derivative Instruments (Details 2)                  HTML     55K 
98: R76         Derivative Instruments (Details 3)                  HTML     52K 
99: R77         Reserve for Losses and Loss Expenses (Details)      HTML     40K 
100: R78         Reserve for Losses and Loss Expenses (Details 2)    HTML     64K  
101: R79         Reserve for Losses and Loss Expenses (Details 3)    HTML     40K  
102: R80         Reserve for Losses and Loss Expenses (Details 4)    HTML     63K  
103: R81         Reserve for Losses and Loss Expenses (Details 5)    HTML    431K  
104: R82         Reserve for Losses and Loss Expenses (Details 6)    HTML    334K  
105: R83         Reserve for Losses and Loss Expenses (Details 7)    HTML    105K  
106: R84         Reserve for Losses and Loss Expenses (Details 8)    HTML     91K  
107: R85         Reinsurance (Details)                               HTML     69K  
108: R86         Debt and Financing Arrangements (Details)           HTML     73K  
109: R87         Debt and Financiing Arrangements (Details 2)        HTML     50K  
110: R88         Commitments and Contingencies (Details)             HTML     44K  
111: R89         Commitments and Contingencies (Details 2)           HTML     59K  
112: R90         Commitments and Contingencies (Details 3)           HTML     53K  
113: R91         Commitments and Contingencies (Details 4)           HTML     43K  
114: R92         Earnings Per Common Share (Details)                 HTML     81K  
115: R93         Shareholders' Equity (Details)                      HTML     64K  
116: R94         Shareholders' Equity (Details 2)                    HTML     55K  
117: R95         Shareholders' Equity (Details 3)                    HTML     52K  
118: R96         Shareholders' Equity (Details 4)                    HTML    103K  
119: R97         Noncontrolling Interests (Details)                  HTML     36K  
120: R98         Retirement Plans (Details)                          HTML     35K  
121: R99         Share-Based Compensation (Details)                  HTML     90K  
122: R100        Share-Based Compensation (Details 2)                HTML     96K  
123: R101        Related Party Transactions (Details)                HTML     75K  
124: R102        Reorganization and Related Expenses (Details)       HTML     39K  
125: R103        Income Taxes (Details)                              HTML     59K  
126: R104        Income Taxes (Details 2)                            HTML     84K  
127: R105        Income Taxes (Details 3)                            HTML     58K  
128: R106        Income Taxes (Details 4)                            HTML     48K  
129: R107        Income Taxes (Details 5)                            HTML     69K  
130: R108        Other Comprehensive Income (Loss) (Details)         HTML     72K  
131: R109        Other Comprehensive Income (Loss) (Details 2)       HTML     57K  
132: R110        Statutory Financial Information (Details)           HTML     68K  
133: R111        Unaudited Condensed Quarterly Financial Data        HTML     56K  
                (Details)                                                        
134: R112        Schedule I - Summary of Investments, Other Than     HTML     77K  
                Investments in Related Parties (Details)                         
135: R113        Schedule Ii - Condensed Parent Company Balance      HTML     94K  
                Sheets (Details)                                                 
136: R114        Schedule Ii - Condensed Parent Company Balance      HTML     42K  
                Sheet (Details 2)                                                
137: R115        Schedule Ii - Condensed Parent Company Balance      HTML     80K  
                Sheet Notes (Details 3)                                          
138: R116        Schedule Ii - Condensed Parent Company Statements   HTML     81K  
                of Operations (Details 4)                                        
139: R117        Schedule Ii - Condensed Parent Company Statements   HTML    104K  
                of Cash Flows (Details 5)                                        
140: R118        Schedule Iii - Supplementary Insurance Information  HTML     70K  
                (Details)                                                        
141: R119        Schedule Iv - Supplementary Reinsurance             HTML     51K  
                Information (Details)                                            
143: XML         IDEA XML File -- Filing Summary                      XML    237K  
142: EXCEL       IDEA Workbook of Financial Reports                  XLSX    240K  
17: EX-101.INS  XBRL Instance -- axs-20161231                        XML  16.89M 
19: EX-101.CAL  XBRL Calculations -- axs-20161231_cal                XML    486K 
20: EX-101.DEF  XBRL Definitions -- axs-20161231_def                 XML   1.59M 
21: EX-101.LAB  XBRL Labels -- axs-20161231_lab                      XML   3.41M 
22: EX-101.PRE  XBRL Presentations -- axs-20161231_pre               XML   2.16M 
18: EX-101.SCH  XBRL Schema -- axs-20161231                          XSD    315K 
144: ZIP         XBRL Zipped Folder -- 0001214816-17-000014-xbrl      Zip    788K  


‘EX-10.6’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <!   C:   C: 
  Exhibit  




AMENDMENT NO. 4

to

CONSULTING AGREEMENT
dated May 3, 2012

by and between
AXIS Specialty Limited (the “Company”)
and
Michael A. Butt (the “Consultant”)

Dated December 8, 2016

WHEREAS, the Company and the Consultant entered into a consulting agreement dated as of May 3, 2012, as amended (the “Agreement”); and

WHEREAS, the Compensation Committee of the Board of Directors of AXIS Capital Holdings Limited, the Company and the Consultant have determined that it is in the best interests of the Company and its shareholders to make certain revisions to the Agreement in order to further extend the term of service thereof;

NOW, THEREFORE, the Agreement is hereby amended, effective as of the date hereof, as follows:

1.
Section 3 of the Agreement (Consulting Fee) is hereby amended to insert the following after “April 2017.”:

“For service from the date of the Annual General Meeting of AXIS Capital Holdings Limited in 2017 through the Annual General Meeting of AXIS Capital Holdings Limited in 2018, the Company shall pay the Consultant a fee in the amount of $500,000 payable in the amount of $125,000 no later than the first business day of July and October 2017 and January and April 2018.”

2.
Section 4 of the Agreement (Consulting Term) is hereby amended by deleting the reference to “2017” with “2018”.

3.
Section 8 of the Agreement (Noncompetition and Nonsolicitation) is hereby amended by deleting the reference to May 31, 2018 in the last line thereof and replacing such reference with May 31, 2019.

4.
Except as set forth herein, all other terms and conditions of the Agreement shall remain in full force and effect.

                                               
[signatures on following page]








IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first written above.

AXIS Specialty Limited


By:
Name:
Title:
Executive Vice President and
Chief Financial Officer

Consultant

/s/ Michael A. Butt
Michael A. Butt



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
5/31/19
5/31/18
Filed as of:2/27/178-K,  IRANNOTICE
Filed on:2/24/17
For Period end:12/31/1613F-HR
12/8/16
5/3/124,  8-K,  DEF 14A
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/27/24  AXIS Capital Holdings Ltd.        10-K       12/31/23  164:38M
 2/27/23  AXIS Capital Holdings Ltd.        10-K       12/31/22  156:41M
 2/25/22  AXIS Capital Holdings Ltd.        10-K       12/31/21  150:37M
 2/26/21  AXIS Capital Holdings Ltd.        10-K       12/31/20  155:38M
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Filing Submission 0001214816-17-000014   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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