Axis Capital Enters Stock Repurchase Agreement with Stone Point Capital

On February 3, 2025, AXIS Capital Holdings Limited announced the signing of a stock repurchase agreement with T-VIII PubOpps LP, managed by Stone Point Capital LLC. The agreement involves the repurchase of 2,234,636 shares for an approximate total price of $200 million.

Under the terms of the agreement, T-VIII PubOpps LP will be selling a significant portion of its shares back to AXIS Capital. Following the transaction, T8’s ownership stake in AXIS Capital will decrease from approximately 8% to around 5%. It is noteworthy that Charles Davis, a director at AXIS Capital, holds a key role at Stone Point Capital LLC, the managing entity behind T8.

This repurchase transaction aligns with AXIS Capital’s Board-authorized share repurchase program. The details of the Repurchase Agreement have been included as Exhibit 10.1 in the recently filed Form 8-K by the Company.

Investors and industry analysts will likely keep a close watch on how this strategic move influences AXIS Capital’s market dynamics and future financial performance. This news comes as part of a series of ongoing developments within the financial sector.

For further information, interested parties can refer to the original SEC filing on the company’s website or through the official SEC database.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read AXIS Capital’s 8K filing here.

AXIS Capital Company Profile

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.