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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Rule 13d-102)
Information to be Included in Statements Filed
Pursuant to Rule 13d-1(b)(c), and (d) and Amendments thereto
Filed Pursuant to Rule 13d-2(b)
Axis Capital Holdings Limited
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
2677606
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2004
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J.P. Morgan Partners (BHCA), L.P.
13-3371826
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
5,792,820 shares of Common Stock
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 5,792,820 shares of Common Stock
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,792,820 shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions) |_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.7%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
Page 2 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J.P. Morgan Partners Global Investors, L.P.
13-4197054
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
29,580 Shares of Common Stock
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 29,580 Shares of Common Stock
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,580 Shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions)
|_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.02%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
Page 3 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J.P. Morgan Partners Global Investors A, L.P.
26-0032493
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
98,562 Shares of Common Stock
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 98,562 Shares of Common Stock
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
98,562 Shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.1%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
Page 4 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J.P. Morgan Partners Global Investors (Cayman), L.P.
13-4197057
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
495,407 Shares of Common Stock
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 495,407 Shares of Common Stock
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
495,407 Shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.3%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
Page 5 of 32
SCHEDULE 13G
Issuer Axis Capital Holdings Limited CUSIP No. 2677606
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J.P. Morgan Partners Global Investors (Cayman) II, L.P.
26-0005546
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
55,211 Shares of Common Stock
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 55,211 Shares of Common Stock
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
55,211 Shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.04%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
Page 6 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J.P. Morgan Partners Global Investors (Cayman) III, L.P.
13-4197063
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
563,192 Shares of Common Stock
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 563,192 Shares of Common Stock
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,192 Shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.4%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
Page 7 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J.P. Morgan Partners Global Investors (Cayman IV), L.P.
13-4197064
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
417,789 Shares of Common Stock
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 417,789 Shares of Common Stock
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
417,789 Shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.3%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
Page 8 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J.P. Morgan Partners Global Investors (Cayman/Selldown) III, L.P.
98-0440874
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
213,967 Shares of Common Stock
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 213,967 Shares of Common Stock
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
213,967 Shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.1%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
Page 9 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J.P. Morgan Partners Global Investors (Cayman/Selldown) IV, L.P.
98-0440873
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
152,834 Shares of Common Stock
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 152,834 Shares of Common Stock
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
152,834 Shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.1%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
Page 10 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J.P. Morgan Capital, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
865,611 Shares of Common Stock
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 865,611 Shares of Common Stock
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
865,611 Shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.6%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
Page 11 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J.P. Morgan Corsair II Offshore Capital Partners, L.P.
980339267
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
3,706,111 Shares of Common Stock
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 3,706,111 Shares of Common Stock
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,706,111 Shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.4%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
Page 12 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
Item 1.
(a) Name of Issuer:
Axis Capital Holdings Limited
(b) Address of Issuer's Principal Executive Offices:
106 Pitts Bay Road
Pembroke, HM 08
Bermuda
Item 2.
(a) Name of Person Filing:
J.P. Morgan Partners (BHCA), L.P. ("JPMP (BHCA)")
J.P. Morgan Partners Global Investors, L.P. ("JPMP Global")
J.P. Morgan Partners Global Investors A, L.P. ("JPMP Global A")
J.P. Morgan Partners Global Investors (Cayman), L.P. ("JPMP Cayman")
J.P. Morgan Partners Global Investors (Cayman) II, L.P.
("JPMP Cayman II")
J.P. Morgan Partners Global Investors (Cayman) III, L.P.
("JPMP Cayman III")
J.P. Morgan Partners Global Investors (Cayman) IV, L.P.
("JPMP Cayman IV")
J.P. Morgan Partners Global Investors (Cayman/Selldown) III, L.P.
("JPMP Selldown III")
J.P. Morgan Partners Global Investors (Cayman/Selldown) IV, L.P.
("JPMP Selldown IV")
J.P. Morgan Capital, L.P. ("Morgan Capital")
J.P. Morgan Corsair II Offshore Capital Partners, L.P. ("Corsair")
Supplemental information relating to the ownership and control of
the person filing this statement is included in Exhibit 2(a)
attached hereto.
(b) Address of Principal Business Office or, if none, Residence:
All Reportings Persons (other than Corsair):
c/o J.P. Morgan Partners, LLC
1221 Avenue of the Americas
New York, New York 10020
Corsair:
277 Park Avenue
New York, NY 10172
See also supplemental information relating to principal business
office is included in Exhibit 2(a) attached hereto.
(c) Citizenship:
JPMP (BHCA) : Delaware
JPMP Global : Delaware
JPMP Global A : Delaware
JPMP Cayman : Cayman Islands
JPMP Cayman II : Cayman Islands
JPMP Cayman III : Cayman Islands
JPMP Cayman IV : Cayman Islands
JPMP Selldown III : Cayman Islands
JPMP Selldown IV : Delaware
Morgan Capitl : Delaware
Corsair : Delaware
Page 13 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
(d) Title of Class of Securities (of Issuer):
Common Stock
(e) CUSIP Number:
2677606
Item 3. If this statement is filed pursuant to ss.ss. 240. 13d-1(b) or 240.
13d-2(b) or (c), check whether the person filing is a:
Not applicable.
Item 4. Ownership
(a) Amount Beneficially Owned:
JPMP (BHCA): 5,792,820
JPMP Global: 29,580
JPMP Global A: 98,562
JPMP Cayman: 495,407
JPMP Cayman II: 55,211
JPMP Cayman III: 563,192
JPMP Cayman IV: 417,789
JPMP Selldown III: 213,967
JPMP Selldown IV: 152,834
Morgan Capital: 865,611
Corsair: 3,706,111
(b) Percent of Class:
JPMP (BHCA): 3.7% (as of December 31, 2004)
JPMP Global: .02% (as of December 31, 2004)
JPMP Global A: .1% (as of December 31, 2004)
JPMP Cayman: .3% (as of December 31, 2004)
JPMP Cayman II: .04% (as of December 31, 2004)
JPMP Cayman III: .4% (as of December 31, 2004)
JPMP Cayman IV: .3% (as of December 31, 2004)
JPMP Selldown III: .1% (as of December 31, 2004)
JPMP Selldown IV: .1% (as of December 31, 2004)
Morgan Capital: .6% (as of December 31, 2004)
Corsair: 2.4% (as of December 31, 2004)
(c) Number of shares as to which such person has:
(i) JPMP (BHCA): 5,792,820
JPMP Global: 29,580
JPMP Global A: 98,562
JPMP Cayman: 495,407
JPMP Cayman II: 55,211
JPMP Cayman III: 563,192
JPMP Cayman IV: 417,789
JPMP Selldown III: 213,967
JPMP Selldown IV: 152,834
Morgan Capital: 865,611
Corsair: 3,706,111
Page 14 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
(ii) Not applicable
(iii) JPMP (BHCA): 5,792,820
JPMP Global: 29,580
JPMP Global A: 98,562
JPMP Cayman: 495,407
JPMP Cayman II: 55,211
JPMP Cayman III: 563,192
JPMP Cayman IV: 417,789
JPMP Selldown III: 213,967
JPMP Selldown IV: 152,834
Morgan Capital: 865,611
Corsair: 3,706,111
(iv) Not applicable
Item 5. Ownership of Five Percent or Less of a Class
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable
Page 15 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 14, 2005
J.P. MORGAN PARTNERS (BHCA), L.P.
By: JPMP Masterfund Manager, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
J.P. MORGAN PARTNERS GLOBAL
INVESTORS, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
J.P, MORGAN PARTNERS GLOBAL
INVESTORS A, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
Page 16 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
J.P. MORGAN PARTNERS GLOBAL
INVESTORS (CAYMAN), L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
J.P. MORGAN PARTNERS GLOBAL
INVESTORS (CAYMAN/SELLDOWN) III, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
J.P. MORGAN PARTNERS GLOBAL
INVESTORS (CAYMAN/SELLDOWN) IV, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
J.P. MORGAN PARTNERS GLOBAL
INVESTORS (CAYMAN) II, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
Page 17 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
J.P. MORGAN PARTNERS GLOBAL
INVESTORS (CAYMAN) III, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
Page 18 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
J.P. MORGAN PARTNERS GLOBAL
INVESTORS (CAYMAN) IV, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By:
-----------------------------------
Name: Jeffrey C. Walker
Title: President
J.P. MORGAN CAPITAL, L.P.
By: JPMP Capital LLC,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
J.P. MORGAN CORSAIR II OFFSHORE
CAPITAL PARTNERS, L.P.
By: Corsair II Offshore, L.L.C.
its General Partner
By: Corsair II, L.P.,
its Managing Member
By: Corsair II, L.L.C.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Amy Knapp
Title: Chief Financial Officer
Page 19 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
EXHIBIT 2(a)
Item 2. Identity and Background.
This statement is being filed by J.P. Morgan Partners (BHCA), L.P., a
Delaware limited partnership (hereinafter referred to as "JPMP (BHCA)"), whose
principal business office is located 1221 Avenue of the Americas, New York, New
York 10020. JPMP (BHCA) is engaged in the venture capital, private equity and
leveraged buyout business. The general partner of JPMP (BHCA) is JPMP Master
Fund Manager, L.P., a Delaware limited partnership (hereinafter referred to as
"JPMP Master Fund"), whose principal business office is located at the same
address as JPMP (BHCA), and is also engaged directly and indirectly (through
affiliates) in the venture capital, private equity and leveraged buyout
business. As general partner of JPMP (BHCA), JPMP Master Fund may be deemed to
beneficially own the shares held by JPMP (BHCA).
This statement is also being filed by J.P. Morgan Partners Global
Investors, L.P., a Delaware limited partnership ("JPMP Global"), whose principal
place of business is located at the same address as JPMP (BHCA); J.P. Morgan
Partners Global Investors A, L.P., a Delaware limited partnership ("JPMP Global
A"), whose principal place of business is located at the same address as JPMP
(BHCA); J.P. Morgan Partners Global Investors (Cayman), L.P., a limited
partnership organized under the laws of the Cayman Islands ("JPMP Cayman"),
whose principal place of business is located at the same address as JPMP (BHCA);
J.P. Morgan Partners Global Investors (Cayman) II, L.P., a limited partnership
organized under the laws of the Cayman Islands ("JPMP Cayman II"), whose
principal place of business is located at the same address as JPMP (BHCA); J.P.
Morgan Partners Global Investors (Cayman) III, L.P., a limited partnership
organized under the laws of the Cayman Islands ("JPMP Cayman III"), whose
principal place of business is located at the same address as JPMP (BHCA); and
J.P. Morgan Partners Global Investors (Cayman) IV, L.P., a limited partnership
organized under the laws of the Cayman Islands ("JPMP Cayman IV"; J.P. Morgan
Partners Global Investors (Cayman/Selldown) III, L.P. ("JPMP Selldown") and J.P.
Morgan Partners Global Investors (Cayman/Selldown) IV,L.P. ("JPMP Selldown IV")
and collectively with JPMP Global, JPMP Global A, JPMP Cayman, JPMP Cayman II
and JPMP Cayman III, JPMP Selldown the "Global Fund Entities"), whose principal
place of business is located at the same address as JPMP (BHCA) ). Each of the
Global Fund Entities is also engaged in the venture capital, private equity and
leveraged buyout business. The general partner of each of the Global Fund
Entities is J.P. Morgan Partners Global Investors, L.P., a Delaware limited
partnership ("JPMP Investors"), whose principal place of business is located at
the same address as JPMP (BHCA). JPMP Investors is engaged indirectly in the
venture capital, private equity and leveraged buyout business as general partner
of each of the Global Fund Entities. As general partner of each of the Global
Fund Entities. JPMP Investors may be deemed to beneficially own the shares held
by the Global Fund Entities.
The general partner of each of JPMP Master Fund and JPMP Investors, L.P.
is JPMP Capital Corp., a New York corporation (hereinafter referred to as "JPMP
Capital Corp."), whose principal business office is located at the same address
as JPMP (BHCA), and is also engaged directly and indirectly (through affiliates)
in the venture capital, private equity and leveraged buyout business. Set forth
in Schedule A hereto and incorporated herein by reference are the names,
business addresses, principal occupations and employments of each executive
officer and director of JPMP Capital Corp. As the general partner of each of
JPMP Master Fund and JPMP Investors, JPMP Capital Corp. may be deemed to
beneficially own the shares held by JPMP (BHCA) and the Global Fund Entities.
This statement is also being filed by J.P. Morgan Capital, L.P., a
Delaware limited partnership ("Morgan Capital"), whose principal place of
business is located at the same address as JPMP (BHCA) and J.P. Morgan Corsair
II Offshore Capital Partners, L.P., a limited partnership organized under the
laws of the Cayman Islands ("Corsair"), whose principal place of business is
located at 277 Park Avenue New York, New York 10172. Each of Morgan Capital and
Corsair is engaged in the private equity and leveraged buyout business. The
general partner of Corsair is Corsair II Offshore, L.L.C., a Delaware limited
liability company ("Corsair LLC"), whose principal place of business is located
at the same address as Corsair. Corsair LLC is also engaged directly and
indirectly (through affiliates) in the private equity and leveraged buyout
business. The Managing Member of Corsair LLC is Corsair II, L.P., a Delaware
limited partnership ("Corsair LP"), whose principal place of business is located
at the same address as Corsair. Corsair LP is also engaged directly and
indirectly (through affiliates) in the private equity and leveraged buyout
business. The general partner of Corsair LP is Corsair II, L.L.C., a Delaware
limited liability company ("Corsair II"), whose principal place of business is
located at the same address as Corsair. Corsair II is also engaged directly and
indirectly (through affiliates) in the private equity and leveraged buyout
business. Set forth in Schedule B hereto and incorporated herein by reference
are the names, business addresses, principal occupations and employments of each
executive officer and director of Corsair II. The Managing Member of Corsair II
is J.P. Morgan Investment Partners, L.P., a Delaware limited partnership ("JPM
Investment"), whose principal place of business is located at the same address
as JPMP (BHCA). JPM Investment is also engaged directly and indirectly (through
affiliates) in the private equity and leveraged buyout business.
Page 20 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
The general partner of Morgan Capital and JPM Investment is JPMP Capital,
L.L.C. (formerly known as J.P. Morgan Capital Corporation), a Delaware limited
liability company ("JPMP Capital"), whose principal place of business is located
at the same address as JPMP (BHCA). JPMP Capital is also engaged directly and
indirectly (through affiliates) in the venture capital, private equity and
leveraged buyout business. Set forth in Schedule C hereto and incorporated
herein by reference are the names, business addresses, principal occupations and
employments of each executive officer and director of JPMP Capital. As general
partner of Morgan Capital, JPMP Capital may be deemed to beneficially own the
shares held by Morgan Capital.
Each of JPMP Capital Corp. and JPMP Capital is a wholly owned subsidiary
of JPMorgan Chase & Co., a Delaware corporation (hereinafter referred to as
"JPMorgan Chase") which is engaged (primarily through subsidiaries) in the
commercial banking business with its principal office located at 270 Park
Avenue, New York, New York 10017. Set forth in Schedule D hereto and
incorporated herein by reference are the names, business addresses, principal
occupations and employments of each executive officer and director of JPMorgan
Chase.
Page 21 of 32
EXHIBIT 2(b)
JOINT FILING AGREEMENT
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other, except to the extent that he or it knows or has reason to
believe that such information is accurate.
Dated this 14 day of February, 2005.
J.P. MORGAN PARTNERS (BHCA), L.P.
By: JPMP Masterfund Manager, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
J.P. MORGAN PARTNERS GLOBAL
INVESTORS, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
Page 22 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
J.P, MORGAN PARTNERS GLOBAL
INVESTORS A, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
J.P. MORGAN PARTNERS GLOBAL
INVESTORS (CAYMAN), L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
J.P. MORGAN PARTNERS GLOBAL
INVESTORS (CAYMAN) II, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
Page 23 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
J.P. MORGAN PARTNERS GLOBAL
INVESTORS (CAYMAN) III, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
J.P. MORGAN PARTNERS GLOBAL
INVESTORS (CAYMAN) IV, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By:
-----------------------------------
Name: Jeffrey C. Walker
Title: President
J.P. MORGAN PARTNERS GLOBAL
INVESTORS (CAYMAN/SELLDOWN) III, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
J.P. MORGAN PARTNERS GLOBAL
INVESTORS (CAYMAN/SELLDOWN) IV, L.P.
By: JPMP Global Investors, L.P.,
its General Partner
By: JPMP Capital Corp.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
Page 24 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
J.P. MORGAN CAPITAL, L.P.
By: JPMP Capital LLC,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Jeffrey C. Walker
Title: President
Page 25 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
J.P. MORGAN CORSAIR II OFFSHORE
CAPITAL PARTNERS, L.P.
By: Corsair II Offshore, L.L.C.
its General Partner
By: Corsair II, L.P.,
its Managing Member
By: Corsair II, L.L.C.,
its General Partner
By: /s/ Jeffrey C. Walker
-----------------------------------
Name: Amy Knapp
Title: Chief Financial Officer
Page 26 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
SCHEDULE A
JPMP CAPITAL CORP.
Executive Officers(1)
Chief Executive Officer William B. Harrison**
President Jeffrey C. Walker*
Chief Investment Officer Arnold L. Chavkin*
Managing Director Srinivas Akkaraju*
Managing Director Christopher Albinson*
Managing Director Dr. Dana Beth Ardi*
Managing Director Richard Aube*
Managing Director Christopher C. Behrens*
Managing Director John Breckenridge*
Managing Director Julie Casella-Esposito*
Managing Director Rodney A. Ferguson*
Managing Director Cornell P. French*
Managing Director Michael R. Hannon*
Managing Director Matthew Lori*
Managing Director Jonathan R. Lynch*
Managing Director Bryan Martin*
Managing Director Sunil Mishra*
Managing Director Stephen P. Murray*
Managing Director Timothy Purcell*
Managing Director John Reardon*
Managing Director Faith Rosenfeld*
Managing Director Shahan D. Soghikian*
Managing Director William Stuck*
Managing Director Patrick J. Sullivan*
Managing Director Timothy J. Walsh*
Managing Director Richard D. Waters, Jr. *
Managing Director Damion E. Wicker, M.D.*
Directors(1)
William B. Harrison**
Jeffrey C. Walker*
----------
(1) Each of whom is a United States citizen except for Mr. Irigoin.
* Principal occupation is employee and/or officer of J.P. Morgan Partners,
LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the
Americas, New York, New York 10020.
** Principal occupation is employee or officer of J.P. Morgan Chase & Co.
Business address is c/o J.P. Morgan Chase & Co., 270 Park Avenue, New
York, New York 10017.
(1) Each of whom is a United States citizen.
Page 27 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
SCHEDULE B
CORSAIR II, L.L.C.
Executive Officers(2)
Chairman Nicholas Paumgarten*
President Ignacio Jayanti*
Vice President Kimbill Brooker*
Chief Financial Officer Amy Knapp*
Directors(1)
Nicholas Paumgarten*
Jeffrey C. Walker**
Richard Herbst*
--------
(2) Each of whom is a United States citizen.
* Principal occupation is employee or officer of J.P. Morgan Chase & Co.
Business address is c/o Corsair II, L.L.C. Co., 277 Park Avenue, New York,
New York 10172.
** Principal occupation is employee and/or officer of J.P. Morgan Partners,
LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the
Americas, New York, New York 10020.
Page 28 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
SCHEDULE C
JPMP CAPITAL, LLC
Executive Officers(1)
President Jeffrey C. Walker*
Chief Investment Officer Arnold L. Chavkin*
Managing Director Srinivas Akkaraju*
Managing Director Christopher Albinson*
Managing Director Dr. Dana Beth Ardi*
Managing Director Richard Aube*
Managing Director Christopher C. Behrens*
Managing Director John Breckenridge*
Managing Director Julie Casella-Esposito*
Managing Director Rodney A. Ferguson*
Managing Director Cornell P. French*
Managing Director Michael R. Hannon*
Managing Director Matthew Lori*
Managing Director Jonathan R. Lynch*
Managing Director Bryan Martin*
Managing Director Sunil Mishra*
Managing Director Stephen P. Murray*
Managing Director Timothy Purcell*
Managing Director John Reardon*
Managing Director Faith Rosenfeld*
Managing Director Shahan D. Soghikian*
Managing Director William Stuck*
Managing Director Patrick J. Sullivan*
Managing Director Timothy J. Walsh*
Managing Director Richard D. Waters, Jr. *
Managing Director Damion E. Wicker, M.D.*
Directors(1)
Jeffrey C. Walker*
----------
(1) Each of whom is a United States citizen.
* Principal occupation is employee and/or officer of J.P. Morgan Partners,
LLC. Business address is c/o J.P. Morgan Partners, LLC, 1221 Avenue of the
Americas, New York, New York 10020.
** Principal occupation is employee or officer of JPMorgan Chase & Co.
Business address is c/o JPMorgan Chase & Co., 270 Park Avenue, New York,
New York 10017.
Page 29 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
SCHEDULE D
JPMORGAN CHASE & CO.
Executive Officers(1)
Chairman of the Board and Chief Executive Officer William B. Harrison Jr.*
President and Chief Operating Officer James Dimon*
Chief Information Officer Austin A. Adams*
Co-Chairman, Investment Bank Steven D. Black*
Chief Executive Officer, Card Services William I. Campbell*
Chief Financial Officer Michael J. Cavanagh*
Chairman, West Coast Region David A. Coulter*
Director of Human Resources, Head of Real
Estate/Facilities, General Services, Security John J. Farrell*
Co-General Counsel Joan Guggenheimer*
Director of Corporate Marketing and Communications Frederick W. Hill*
Head, Commercial Banking Samuel Todd Maclin*
Head, Strategy and Business Development Jay Mandelbaum*
Co-General Counsel William H. McDavid*
Chief Executive Officer, Treasury &
Securities Services Heidi Miller*
Head, Retail Financial Services Charles W. Scharf*
Executive Vice President, Card Services Richard J. Srednicki*
Head, Asset & Wealth Management James E. Staley*
Chief Risk Officer Don M. Wilson III*
Co-Chairman, Investment Bank William T. Winters*
----------
(1) Each of whom is a United States citizen.
* Principal occupation is employee or officer of JPMorgan Chase & Co.
Business address is c/o JPMorgan Chase & Co., 270 Park Avenue, New York,
New York 10017.
Page 30 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
Directors(3)
Name Principal Occupation or Employment;
Business or Residence Address
--------------------------------------------------------------------------------
Hans W. Becherer Retired Chairman of the Board and
Chief Executive Officer
Deere & Company
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
John H. Biggs Former Chairman and CEO
TIAA - CREF
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
Lawrence A. Bossidy Retired Chairman of the Board
Honeywell International Inc.
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
Stephen B. Burke President
Comcast Cable Communications, Inc.
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
James S. Crown President
Henry Crown and Company
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
James Dimon President and Chief Operating Officer
JPMorgan Chase & Co.
270 Park Avenue, 8th Floor
New York, New York 10017-2070
--------------------------------------------------------------------------------
Ellen V. Futter President and Trustee
American Museum of Natural History
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
William H. Gray, III Retired President and Chief Executive Officer
The College Fund/UNCF
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
----------
(3) Each of whom is a United States citizen.
Page 31 of 32
SCHEDULE 13G
Issuer: Axis Capital Holdings Limited CUSIP No. 2677606
Name Principal Occupation or Employment;
Business or Residence Address
--------------------------------------------------------------------------------
William B. Harrison, Jr. Chairman of the Board and Chief Executive Officer
JPMorgan Chase & Co.
270 Park Avenue, 8th Floor
New York, New York 10017-2070
--------------------------------------------------------------------------------
Laban P. Jackson, Jr. Chairman and Chief Executive Officer
Clear Creek Properties, Inc.
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
Lee R. Raymond Chairman of the Board and Chief Executive Officer
Exxon Mobil Corporation
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
John W. Kessler Owner
John W. Kessler Company
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
Robert I. Lipp Chairman
The St. Paul Travelers Companies, Inc.
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
Richard A. Monoogian Chairman and Chief Executive Officer
Masco Corporation
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
David C. Novak Chairman and Chief Executive Officer
Yum! Brands, Inc.
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
John R. Stafford Retired Chairman of the Board
Wyeth
c/o JPMorgan Chase & Co.
270 Park Avenue
New York, New York 10017
--------------------------------------------------------------------------------
Page 32 of 32