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Filing Details

Accession Number:: 0001181431-10-058531
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-12-02 11:10:09
Reporting Period:: 2010-12-02

Filing Date:: 2010-12-02
Accepted Time:: 2010-12-02 11:10:09
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
1071287	A Charles Davis	20 Horseneck Lane Greenwich CT 06830		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-12-02	2,900,032	$35.21	0	No	4	S	Indirect	See notes
Common Stock	Disposition	2010-12-02	81,172	$35.21	0	No	4	S	Indirect	See notes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See notes
No	4	S	Indirect	See notes

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	Indirect
Common Stock	Warrants	$12.50	2010-12-02	2011-11-20	473,264	473,264	Indirect

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

Footnotes

Mr. Davis is one of the four general partners of Trident Capital II, L.P. ("Trident GP"), which is the sole general partner of Trident II, L.P. ("Trident II"). Mr. Davis is also a director and shareholder of Stone Point GP Ltd., the entity that is the sole general partner of Marsh & McLennan Capital Professionals Fund, L.P. ("CPF"). Mr. Davis is also chief executive officer and a member of Stone Point Capital LLC, which serves as the investment manager of Trident II and CPF.
As noted in the tables above, after giving effect to the sale noted in Table I, Trident II currently beneficially owns Warrants to Purchase 16,918,312 Common Shares. Mr. Davis disclaims beneficial ownership of the Warrants that are, or may be deemed to be, beneficially owned by Trident II except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that Mr. Davis is the beneficial owner of such Warrants.
As noted in the tables above, after giving effect to the sale noted in Table I, CPF beneficially owns Warrants to Purchase 473,264 Common Shares. Mr. Davis disclaims beneficial ownership of the Warrants that are, or may be deemed to be, beneficially owned by CPF except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that Mr. Davis is the beneficial owner of such Warrants.
Marsh & McLennan Employees' Securities Company, L.P. ("ESC") beneficially owns Warrants to purchase 476,528 Common Shares. ESC has entered into an agreement with Trident II and CPF pursuant to which the parties have agreed to coordinate their disposition of Warrants of AXIS. Mr. Davis disclaims beneficial ownership of the Warrants that are, or may be deemed to be, beneficially owned by ESC. This report shall not be deemed an admission that Mr. Davis is the beneficial owner of such Warrants.
Warrants are currently exercisable.