AXIS Capital Holdings Files 8-K Report
Ticker: AXS-PE · Form: 8-K · Filed: Feb 3, 2025 · CIK: 1214816
| Field | Detail |
|---|---|
| Company | Axis Capital Holdings Ltd (AXS-PE) |
| Form Type | 8-K |
| Filed Date | Feb 3, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0125, $200 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
TL;DR
AXIS Capital filed an 8-K on Feb 3, 2025, for a material agreement. Details TBD.
AI Summary
On February 3, 2025, AXIS Capital Holdings Limited filed an 8-K report. The filing indicates the company entered into a material definitive agreement and also includes financial statements and exhibits. No specific details regarding the agreement or financial figures were provided in the provided text.
Why It Matters
This filing signals a significant event for AXIS Capital Holdings, potentially involving a new material agreement that could impact its business operations and financial standing.
Risk Assessment
Risk Level: low — The filing is a standard 8-K report indicating a material agreement and financial statements, but lacks specific details to assess immediate risk.
Key Players & Entities
- AXIS CAPITAL HOLDINGS LIMITED (company) — Registrant
- February 3, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by AXIS Capital Holdings Limited?
The provided text of the 8-K filing does not specify the details of the material definitive agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on February 3, 2025.
What is the principal executive office address for AXIS Capital Holdings Limited?
The address of the principal executive offices is 92 Pitts Bay Road, Pembroke, Bermuda HM 08.
What is the telephone number for AXIS Capital Holdings Limited?
The registrant's telephone number is (441) 496-2600.
What are the main items reported in this 8-K filing?
This 8-K filing reports on the entry into a material definitive agreement and includes financial statements and exhibits.
Filing Stats: 599 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2025-02-03 08:30:16
Key Financial Figures
- $0.0125 — h registered Common shares, par value $0.0125 per share AXS New York Stock Exchange
- $200 million — for an aggregate price of approximately $200 million (the "Repurchase"). T8 is an investment
Filing Documents
- tm255279d1_8k.htm (8-K) — 31KB
- tm255279d1_ex10-1.htm (EX-10.1) — 15KB
- 0001104659-25-008417.txt ( ) — 263KB
- axs-20250203.xsd (EX-101.SCH) — 3KB
- axs-20250203_def.xml (EX-101.DEF) — 26KB
- axs-20250203_lab.xml (EX-101.LAB) — 36KB
- axs-20250203_pre.xml (EX-101.PRE) — 25KB
- tm255279d1_8k_htm.xml (XML) — 5KB
01
Item 1.01 Entry into a Material Definitive Agreement. On February 3, 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 2,234,636 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 8% of the Company's outstanding common shares (which will be approximately 5% 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 share repurchase program. The Repurchase Agreement is attached as Exhibit 10.1 to this Report on Form 8-K and incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Number Description of Document 10.1 Stock Repurchase Agreement, dated February 3, 2025, between AXIS Capital Holdings Limited and T-VIII PubOpps LP 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: February 3, 2025 AXIS CAPITAL HOLDINGS LIMITED By: /s/ G. Christina Gray-Trefry G. Christina Gray-Trefry General Counsel and Secretary