• Investment Year:2001, 2020
  • Status: Current | IPO: AXS
  • Stage:
  • HQ:Bermuda



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AXIS, a Bermuda-based global insurance and reinsurance company, was formed in November 2001 in response to the significant market dislocation that occurred following the events of September 11, 2001.

The company focuses on specialty insurance lines, such as marine and energy, aviation and aerospace, war, commercial property and political risk, as well as a number of property and specialty classes of reinsurance. AXIS trades on the NYSE: AXS.


AXIS was the first and largest de novo company formation after the events of September 11, 2001. Critical to its early success was the strength of Stone Point’s network and sponsorship.


Stone Point’s relationships with leading brokers accelerated the launch of the business and helped establish the company as a leading underwriter of specialized risks.


Stone Point recruited the senior management team to lead AXIS and recruited a “best-in-class” board of directors.


As lead investor, Stone Point assembled the equity sponsor group, which capitalized the company with $1.7 billion initially. This substantial capital raise facilitated the company’s A.M. Best rating.


We assisted with AXIS’s immediate launch, including securing infrastructure and regulatory and rating agency approvals. Stone Point also helped the company’s management team create a budgeting process and develop strategic and financial reviews of key initiatives.


Stone Point was instrumental in AXIS’s initial public offering.

I chose Stone Point for their proven intellectual capital and for being extraordinarily good people to have as partners.
John Charman, Former CEO of Axis

John Charman is not currently an investor in any Stone Point funds. John Charman has, and may have in the future, other business relationships with Stone Point and its affiliates. This includes John Charman’s former role as Chief Executive Officer for AXIS, which is a portfolio company of Trident VIII and a former portfolio company of Trident II.

Investments highlighted or discussed in this selection have been selected to illustrate SPC’s investment approach and/or market outlook and are not intended to be an indicator of past or future performance. Each investment discussed in this selection has been selected solely for this purpose and has not been selected on the basis of performance or any performance-related criteria. The investments discussed herein do not represent an entire portfolio and in the aggregate may only represent a small percentage of holdings. Nothing in this presentation shall constitute a recommendation or endorsement to buy or sell any security or other financial instrument referenced herein.