other material
confidence high
sentiment neutral
materiality 0.55
AXIS Capital repurchases ~2.23M shares from Stone Point affiliate for ~$200M
AXIS CAPITAL HOLDINGS LTD
- Repurchased 2,234,636 shares at $89.50/share from T-VIII PubOpps LP, an affiliate of Stone Point Capital.
- Aggregate purchase price of $199,999,922, funded under existing Board-authorized repurchase program.
- Stone Point ownership reduced from ~8% to ~5% of outstanding common shares post-repurchase.
- Director Charles Davis (Chairman, Co-CEO of Stone Point) is affiliated with the seller; repurchase structured as a definitive agreement.
- Closing expected three business days after February 3, 2025, with cash payment and DWAC transfer of shares.