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Filing Details

Accession Number:: 0001181431-10-058530
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-12-02 11:09:37
Reporting Period:: 2010-12-02

Filing Date:: 2010-12-02
Accepted Time:: 2010-12-02 11:09:37
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1214816	Axis Capital Holdings Ltd	AXS	Fire, Marine & Casualty Insurance (6331)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1089446	P L Ii Trident	C/O Maples &Amp; Calder, Ugland House Box 309, South Church Street George Town, Grand Cayman E9 BWI		No	No	Yes	No
1249878	Trident Capital Ii Lp	C/O Maples &Amp; Calder, Ugland House Box 309, South Church Street George Town, Grand Cayman E9 BWI		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2010-12-02	2,900,032	$35.21	No	4	S	Direct
Common Stock	Disposition	2010-12-02	81,172	$35.21	No	4	S	Direct
Common Stock	Disposition	2010-12-02	81,620	$35.21	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Warrants	$12.50	2010-12-02	2011-11-20	16,918,312	16,918,312	Direct
Common Stock	Warrants	$12.50	2010-12-02	2011-11-20	473,264	473,264	Direct
Common Stock	Warrants	$12.50	2010-12-02	2011-11-20	476,528	476,528	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2011-11-20	16,918,312	16,918,312	Direct
2011-11-20	473,264	473,264	Direct
2011-11-20	476,528	476,528	Direct

Footnotes

This filing relates to shares of Common Stock and Warrants of AXIS Capital Holdings Limited ("AXS"). Trident II, L.P. ("Trident") is making this joint filing on Form 4 on its behalf and on behalf of Trident Capital II, L.P. ("Trident GP"), Marsh & McLennan Capital Professionals Fund, L.P. ("CPF") and Marsh & McLennan Employees' Securities Company, L.P. ("ESC"). Trident, CPF and ESC have agreed that they will coordinate the timing of the sale of shares of Common Stock of AXS.
This transaction in Table I relates to the sale of shares of Common Stock of AXS by Trident; the disclosure of this holding in Table II relates to Warrants of AXS owned by Trident. The general partners of Trident GP are four single member limited liability companies, each of which is owned by an individual who is a member of Stone Point Capital LLC, which serves as the manager of Trident. Each of these single member limited liability companies disclaims beneficial ownership of the Warrants of AXS, except to the extent of any pecuniary interest therein, that are, or may be deemed to be, beneficially owned by Trident or Trident GP. In addition, Trident and Trident GP disclaim beneficial ownership of shares of the Warrants of AXS that are, or may be deemed to be, beneficially owned by CPF and ESC.
This transaction in Table I relates to the sale of shares of Common Stock of AXS by CPF; the disclosure of this holding in Table II relates to Warrants of AXS owned by CPF. The sole general partner of CPF is Stone Point GP Ltd., a company owned by certain individuals who are members of Stone Point Capital LLC, which serves as the investment manager of CPF. CPF disclaims beneficial ownership of shares of the Warrants of AXS that are, or may be deemed to be, beneficially owned by Trident and ESC.
This transaction in Table I relates to the sale of shares of Common Stock of AXS by ESC; the disclosure of this holding in Table II relates to Warrants of AXS owned by ESC. Marsh & McLennan GP I, Inc., a subsidiary of Marsh & McLennan Companies, Inc., is the sole general partner of ESC. ESC disclaims beneficial ownership of shares of the Warrants of AXS that are, or may be deemed to be, beneficially owned by Trident and CPF.
Warrants of AXS are currently exercisable.