Nichols receives $8mn in severance from Axis

Former Axis Re CEO Jay Nichols received $8mn in severance pay from
Axis Capital, according to yesterday's first quarter results
filing.
Nichols' resignation was announced on 14 February this year,
with the executive leaving the business on 31 March after a
transitional period.
In an 8K filing on 3 March, Axis Capital announced that Nichols
would receive severance of $2.9mn alongside the accelerated vesting
of his outstanding equity awards.
And in the Q1 filing the firm revealed that a total...