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.
INDUSTRY KNOWLEDGE & NETWORK
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.
INTRODUCTION TO CLIENTS & PARTNERS
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.
EXECUTIVE RECRUITING & ALIGNMENT
Stone Point recruited the senior management team to lead AXIS and recruited a “best-in-class” board of directors.
CAPITAL RAISING & STRUCTURING
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.
OPERATIONAL ASSISTANCE & GOVERNANCE
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 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.
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