Company: AXS-PE
Filing Date: 2025-03-05
Form Type: 8-K
Source: 0001104659-25-020625
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Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-03-05
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

On March 5, 2025, AXIS Capital Holdings Limited
(the “ Company”) entered into a stock repurchase agreement (the “ Repurchase Agreement”) with T-VIII PubOpps LP
(“ T8”), pursuant to which T8 agreed to sell 2,139,037 shares to the Company for an aggregate price of approximately $200 million
(the “ Repurchase”). T8 is an investment vehicle managed by Stone Point Capital LLC (“ Stone Point”). Stone Point
manages the Trident Funds including investment funds that hold approximately 5.6% of the Company’s outstanding common shares (which
will be approximately 3% following the Repurchase). Charles Davis, one of the Company’s directors, is the sole member of an entity
that is one of five general partners of the entity serving as general partner for the relevant investment funds. Mr. Davis is the Chairman,
Co-Chief Executive Officer and a member of Stone Point, and he serves as the Chairman of the Investment Committees of the Trident Funds.

The Repurchase was made under the Company’s
Board-authorized $400 million share repurchase program. The Repurchase Agreement is attached as Exhibit 10.1 to this Report on Form 8-K
and incorporated herein by reference.