The Firm represented AXIS Capital Holdings Limited in connection with a registered offering of 16,000,000 shares of 6.875% Series C Preferred Shares at a liquidation preference of $25 per share, representing $400,000,000 in aggregate liquidation preference, and a tender offer to purchase for cash any and all of its outstanding 7.50% Series B Preferred Shares.  AXIS intends to use the net proceeds from the offering to finance the tender offer and any remaining net proceeds for general corporate purposes, including to redeem in part its outstanding Series A Preferred Shares.

AXIS Capital Holdings Limited is a New York Stock Exchange-listed, Bermuda based holding company for the AXIS group of companies.  AXIS provides a range of specialty (re)insurance on a worldwide basis.

The Simpson Thacher team included Lesley Peng, Reece Hunt, Tornike Bolkvadze and Robert Dunn (Capital Markets); Jonathan Cantor and Andrew Purcell (Tax); Gregory Grogan and Douglas Tang (Executive Compensation & Employee Benefits); and Steven DeLott (Insurance).