AXIS Capital Holdings Limited announced that it has entered into a stock repurchase agreement with T-VIII PubOpps LP, an investment vehicle managed by Stone Point Capital LLC. Under the agreement, AXIS will repurchase 2,234,636 shares for approximately $200 million. This repurchase is part of the company's Board-authorized share repurchase program. Following the transaction, Stone Point-managed funds will hold about 5% of AXIS's outstanding common shares, down from approximately 8%.