AXIS Capital names Principal Accounting Officer; $360k sign-on

AXIS Capital Holdings (AXS) appointed A. Tom Bolovinos as Chief Accounting Officer and Principal Accounting Officer, effective December 2, 2025.

Rhea-AI Filing Summary

AXIS Capital Holdings (AXS) appointed A. Tom Bolovinos as Chief Accounting Officer and Principal Accounting Officer, effective December 2, 2025. He joins from Kemper Corporation, where he was Senior Vice President – Corporate Controller, and previously held leadership roles at Assurant, General Reinsurance, and The Navigators Group.

Compensation includes an annual base salary of $380,000 and eligibility for a non‑equity incentive with a target equal to 65% of base salary. He will receive a $360,000 cash award within his first month, subject to forfeiture if he resigns for any reason or is terminated for cause within his first year. Equity elements include a sign‑on RSU grant with a grant date fair value of $230,000 vesting pro rata over three years, plus eligibility under the 2017 Long Term Equity Compensation Plan with an annual target equity award valued at $290,000. The company disclosed no related‑party relationships or arrangements tied to this appointment.

Insights

Corporate governance analyst

Executive appointment with defined pay mix; routine governance disclosure.

AXIS Capital named A. Tom Bolovinos Principal Accounting Officer effective December 2, 2025. The pay structure blends fixed and variable components: base salary of $380,000, target bonus at 65% of salary, and equity via RSUs and annual long-term awards. This aligns the role’s incentives with multi‑year performance through pro rata vesting of the $230,000 sign‑on RSUs over three years and a recurring target equity award of $290,000.

The $360,000 cash sign‑on includes a one‑year forfeiture condition if he resigns or is terminated for cause, which supports retention in the first year. Disclosures note no family relationships, no Item 404(a) transactions, and no appointment arrangements with third parties, indicating standard governance practices.

The filing does not change capital structure or guidance. Any operational impact will depend on accounting leadership transition after December 2, 2025.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who did AXIS Capital (AXS) appoint as Principal Accounting Officer?

AXIS Capital appointed A. Tom Bolovinos as Chief Accounting Officer and designated him as Principal Accounting Officer.

When does A. Tom Bolovinos start at AXIS Capital (AXS)?

His appointment is effective December 2, 2025.

What is the base salary and bonus target for AXIS Capital’s new PAO?

He will receive a $380,000 base salary and a non‑equity incentive target equal to 65% of base salary.

What sign-on compensation will A. Tom Bolovinos receive at AXS?

A cash award of $360,000 payable within his first month, subject to forfeiture if he resigns or is terminated for cause within his first year.

What equity awards are included in the AXIS Capital (AXS) package?

A sign‑on RSU grant valued at $230,000 vesting pro rata over three years, plus eligibility for an annual long‑term equity award targeted at $290,000.

Does AXIS Capital disclose any related-party relationships or arrangements?

No. The company states no family relationships, no Item 404(a) transactions, and no appointment arrangements with other persons.

What is A. Tom Bolovinos’s background before joining AXIS Capital (AXS)?

He served as SVP–Corporate Controller at Kemper and previously held roles at Assurant, General Reinsurance, and The Navigators Group.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/07/2025 - 04:07 PM Learn about SEC filing dates

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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): November 3, 2025

AXIS CAPITAL HOLDINGS LIMITED

(Exact Name Of Registrant As Specified In Charter)

Bermuda

001-31721

98-0395986

(State of Incorporation)

(Commission File No.)

(I.R.S. Employer Identification No.)

92 Pitts Bay Road

Pembroke, Bermuda HM 08

(Address of principal executive offices, including zip code)

(441) 496-2600

(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):

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

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

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

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

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common shares, par value $0.0125 per share			AXS			New York Stock Exchange
Depositary shares, each representing a 1/100th interest in a 5.50% Series E preferred share			AXS PRE			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 3, 2025, AXIS Specialty U.S. Services, Inc., a subsidiary of AXIS Capital Holdings Limited (the “Company”) entered into a letter agreement (the “Offer Letter”) with A. Tom Bolovinos to join the Company as Chief Accounting Officer, and, in connection with this role, Mr. Bolovinos will assume the position of Principal Accounting Officer, a designation currently held by Peter Vogt, effective as of December 2, 2025.

Mr. Bolovinos, age 44, joins the Company from Kemper Corporation, where he served as Senior Vice President – Corporate Controller since March 2023. From 2017 to 2023, he served as Vice President – Assistant Controller of Assurant, Inc. Prior to this, he held managerial positions at General Reinsurance Corporation and The Navigators Group, Inc. Mr. Bolovinos is a qualified accountant and received his Master of Science in Accounting degree and Bachelor of Science in Business Administration from the University of Connecticut.

Pursuant to the Offer Letter, Mr. Bolovinos will receive an annual base salary of $380,000 and will be eligible to participate in the Company’s non-equity incentive plan, with a target incentive opportunity equal to 65% of his base salary. Mr. Bolovinos will also receive a cash award of $360,000, payable within his first month of employment, which is subject to forfeiture if he voluntarily terminates his employment with the Company for any reason or he is involuntarily terminated for cause within his first year. In addition, Mr. Bolovinos will be granted a sign-on equity award of restricted stock units with a grant date fair value of $230,000, which will vest pro rata over a three-year period. He will also be eligible to participate in the Company’s 2017 Long Term Equity Compensation Plan, with an annual target equity award valued at $290,000. Mr. Bolovinos will be eligible to participate in the employee benefit plans customarily made available to the Company’s officers.

There are no arrangements or understandings between Mr. Bolovinos and any other persons pursuant to which he will be appointed the Company’s Chief Accounting Officer. There are no family relationships between Mr. Bolovinos and any director or executive officer of the Company, and he is not a party to any transaction that is required to be reported pursuant to Item 404(a) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit Number						Description of Document
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: November 7, 2025

 

			AXIS CAPITAL HOLDINGS LIMITED
			By:			/s/ G. Christina Gray-Trefry
						G. Christina Gray-Trefry
						General Counsel and Secretary