AXIS CAPITAL HOLDINGS LTD

Proposal One

Board Refreshment Process

Our Board is committed to orderly director succession planning and having varied perspectives, skills, and experiences on our Board aligned with our long-term strategy. While our Board benefits immensely from the industry expertise of our longer-tenured directors, we recognize the importance of regular, thoughtful refreshment. The Corporate Governance, Nominating, and Sustainability Committee conducts an ongoing director succession and refreshment process, which includes periodic reviews of Board composition, skills, and tenure to ensure an appropriate balance of perspectives and to maintain alignment with the Company’s long‑term strategic needs. Accordingly, we assess director candidates based on these key qualities, attributes, and competencies. The Committee has engaged a third-party search firm to identify and evaluate potential candidates for service on our Board. This succession planning has been conducted over time, as part of a multi-stage process, to ensure that the Company continues to benefit from the Company-specific expertise of our longer-tenured directors, balanced with the fresh perspectives brought by our newer directors.

Our director succession planning and refreshment process is focused on expanding the collective skills and experience of our Board with our new directors bringing deep industry and financial expertise, regulatory experience, innovative thinking, and strategic perspective. The Committee considers a broad spectrum of backgrounds, skills, and personal and professional experiences to ensure a strong and effective Board that is responsive to the Company's evolving needs.

Due to the Company's proactive approach to director succession planning, the Company has added four directors with valuable skills since 2021, three of which are independent directors. We believe that these actions bring fresh perspectives and deliberations to our Board and reflect our commitment to Board refreshment.