UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

FORM 8-K

 

 

Current Report

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  October 23, 2007

 

 

AXIS CAPITAL HOLDINGS LIMITED
(Exact Name Of Registrant As Specified In Charter)

 

 

92 Pitts Bay Road
Pembroke, Bermuda HM 08
(Address of principal executive offices, including zip code)

 

(441) 405-2600
(Registrant’s telephone number, including area code)

 

Not applicable
(Former name or address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

 

o                 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o                 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o                 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e(4)(c))

 

 

 

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(e)  On October 23, 2007, the registrant entered into an amendment to the Employment Agreement with John R. Charman, its President and Chief Executive Officer. The amendment extends the term of Mr. Charman’s employment until December 31, 2009. A copy of the amendment is filed as Exhibit 10.1 hereto.

 

Item 9.01

Financial Statements and Exhibits

 

(d)         Exhibits

 

10.1	Amendment No. 1 to Employment Agreement between John R. Charman and AXIS Specialty Limited, dated October 23, 2007.
99.1	Press release dated October 23, 2007.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: October 23, 2007

 

 

		AXIS CAPITAL HOLDINGS LIMITED
		By:	/s/ Richard T. Gieryn, Jr.
			Richard T. Gieryn, Jr.
			General Counsel

 

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EXHIBIT INDEX

 

Exhibit Number		Description of Document
10.1		Amendment No. 1 to Employment Agreement between John R. Charman and AXIS Specialty Limited, dated October 23, 2007.
99.1		Press release dated October 23, 2007.

 

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