JPMorgan Selling Block of AXIS Capital Stock

AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) announced Tuesday that JPMorgan Partners, a private equity affiliate of JPMorgan Chase & Co., and related entities ("JPMorgan") have agreed to sell approximately 7.8 million of AXIS Capital's common shares in a block trade. The shares to be sold do not include 3.8 million shares owned by J.P. Morgan Capital, L.P. and J.P. Morgan Corsair II Offshore Capital Partners, L.P. Morgan Stanley & Co. Incorporated has agreed to purchase the common shares from JPMorgan and subsequently sell the shares to public investors. The common shares were...