other material
confidence high
sentiment positive
materiality 0.70
AXIS Capital repurchases $200M of stock from Stone Point entity at $93.50/share
AXIS CAPITAL HOLDINGS LTD
- Repurchased 2,139,037 shares at $93.50 per share from T-VIII PubOpps LP, managed by Stone Point Capital.
- Transaction reduces Stone Point's ownership from ~5.6% to ~3% of outstanding shares.
- Director Charles Davis is affiliated with Stone Point; repurchase authorized under existing $400M buyback program.
- Aggregate repurchase price of ~$200M paid in cash at closing.
- Repurchase expected to close three business days after March 5, 2025.