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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RGzD9Kk83bQFt1IlewkkqPtBbShglqrYv+SYfyW6VetJFFqtFmEO9C6BFcvHrVIm
 OcuUsidyL+MxOMAUjoid0w==

<SEC-DOCUMENT>0001209191-03-011213.txt : 20030708
<SEC-HEADER>0001209191-03-011213.hdr.sgml : 20030708
<ACCEPTANCE-DATETIME>20030708170902
ACCESSION NUMBER:		0001209191-03-011213
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030703
FILED AS OF DATE:		20030708

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MARSH & MCLENNAN CAPITAL PROFESSIONALS FUND LP
		CENTRAL INDEX KEY:			0001098152

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31721
		FILM NUMBER:		03778856

	BUSINESS ADDRESS:	
		STREET 1:		20 HORSENECK LN
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AXIS CAPITAL HOLDINGS L
		CENTRAL INDEX KEY:			0001214816
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]

	BUSINESS ADDRESS:	
		STREET 1:		106 PITTS BAY ROAD
		CITY:			PEMBROKE
		STATE:			D0
		ZIP:			00000
		BUSINESS PHONE:		4412962600

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TRIDENT II L P
		CENTRAL INDEX KEY:			0001089446

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31721
		FILM NUMBER:		03778858

	BUSINESS ADDRESS:	
		STREET 1:		MMC CAPITAL INC
		STREET 2:		20 HORSENECK LANE
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
		BUSINESS PHONE:		2038622900

	MAIL ADDRESS:	
		STREET 1:		MMC CAPITAL INC
		STREET 2:		20 HORSENECK LANE
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MARSH & MCLENNAN EMPLOYEES SECURITIES CO LP
		CENTRAL INDEX KEY:			0001096727

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31721
		FILM NUMBER:		03778855

	BUSINESS ADDRESS:	
		STREET 1:		MMC CAPITAL INC
		STREET 2:		20 HORSENECK LANE
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
		BUSINESS PHONE:		2038622900

	MAIL ADDRESS:	
		STREET 1:		1166 AVE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TRIDENT CAPITAL II LP
		CENTRAL INDEX KEY:			0001249878
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31721
		FILM NUMBER:		03778857

	BUSINESS ADDRESS:	
		STREET 1:		C/O MAPLES & CALDER UGLAND HOUSE BOX 309
		STREET 2:		SOUTH CHURCH ST
		CITY:			GEORGE TOWN CAYMAN ISLAND
		STATE:			E9
		ZIP:			00000
		BUSINESS PHONE:		3459498066

	MAIL ADDRESS:	
		STREET 1:		SOUTH CHURCH STREET
		CITY:			GEORGETOWN CAYMAN ISLANDS
		STATE:			E9
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-07-03</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001214816</issuerCik>
        <issuerName>AXIS CAPITAL HOLDINGS L</issuerName>
        <issuerTradingSymbol>AXS</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId>
            <rptOwnerCik>0001089446</rptOwnerCik>
            <rptOwnerName>TRIDENT II L P</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther><officerTitle></officerTitle><otherText></otherText></reportingOwnerRelationship></reportingOwner><reportingOwner><reportingOwnerId>
            <rptOwnerCik>0001249878</rptOwnerCik>
            <rptOwnerName>TRIDENT CAPITAL II LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther><officerTitle></officerTitle><otherText></otherText></reportingOwnerRelationship></reportingOwner><reportingOwner><reportingOwnerId>
            <rptOwnerCik>0001098152</rptOwnerCik>
            <rptOwnerName>MARSH &amp; MCLENNAN CAPITAL PROFESSIONALS FUND LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther><officerTitle></officerTitle><otherText></otherText></reportingOwnerRelationship></reportingOwner><reportingOwner><reportingOwnerId>
            <rptOwnerCik>0001096727</rptOwnerCik>
            <rptOwnerName>MARSH &amp; MCLENNAN EMPLOYEES SECURITIES CO LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther><officerTitle></officerTitle><otherText></otherText></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityTitle><value>Common Shares</value></securityTitle><transactionDate><value>2003-07-03</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value></value></transactionTimeliness><transactionAmounts><transactionShares><value>183564</value></transactionShares><transactionValue><value>20.68</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>17529331</value><footnoteId id="F1" /></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><val
ue>D</value><footnoteId id="F2" /></directOrIndirectOwnership></ownershipNature></nonDerivativeSecurity><footnotes><footnote id="F1">Trident II, L.P. ("Trident") is making this joint filing on Form 4 on its own behalf and on behalf of Trident Capital II, L.P. ("Trident GP"), Marsh &amp; McLennan Capital Professionals Fund, L.P. ("CPF") and Marsh &amp; McLennan Employees' Securities Company, L.P. ("ESC").  The general partners of Trident GP are Marsh &amp; McLennan GP I, Inc. ("MMGPI"), a wholly owned subsidiary of Marsh &amp; McLennan Risk Capital Holdings, Ltd. ("MMRCH"), and two single member limited liability companies that are owned by individuals who are senior executive officers of Marsh &amp; McLennan Companies, Inc. ("MMC").  Each of these two single member limited liability companies disclaims beneficial ownership of Common Shares that are, or may be deemed to be, beneficially owned by Trident.  MMC, MMRCH and MMGPI each disclaim beneficial ownership of Common Shares that are, or may be deemed to be
, beneficially owned by Trident, other than Common Shares in which they are deemed to have a pecuniary interest.</footnote><footnote id="F2">Trident has agreed that it will coordinate the timing of the sale of the Common Shares held by it with the sale of the Common Shares held by MMRCH.  As a result, Trident may be deemed to beneficially own Common Shares that are held directly or indirectly by MMC.  Trident disclaims any beneficial ownership of any Common Shares held by MMC (other than the shares held by CPF and ESC).  MMC has made separate filings with respect to the Common Shares owned by it.  By virtue of its position as the general partner of Trident, Trident GP may be deemed to be the beneficial owner of any Common Shares beneficially owned by Trident.  MMC, by virtue of its holding interests (including through MMRCH and MMGPI) in Trident, Trident GP, ESC and CPF, may be deemed to have a pecuniary interest in approximately 29.13% of the Common Shares beneficially owned by Trident and Trident GP, 1.09%
 of the Common Shares beneficially owned by ESC and 57.29% of the Common Shares beneficially owned by CPF.</footnote></footnotes><ownerSignature><signatureName>TRIDENT II, L.P.
By:  Trident Capital II, L.P., its sole general partner
By:  CD Trident II, LLC, a general partner
By:  /s/ David J. Wermuth, Vice President</signatureName><signatureDate>2003-07-08</signatureDate></ownerSignature><ownerSignature><signatureName>Trident Capital II, L.P.; By:  CD Trident II, LLC, a general partner; By: /s/ David J. Wermuth, Vice President</signatureName><signatureDate>2003-07-07</signatureDate></ownerSignature><ownerSignature><signatureName>Marsh &amp; McLennan Capital Professionals Fund, L.P.; By:  Marsh &amp; McLennan GP I, Inc., its sole general partner; By: /s/ David J. Wermuth, Assistant Secretary</signatureName><signatureDate>2003-07-07</signatureDate></ownerSignature><ownerSignature><signatureName>Marsh &amp; McLennan Employees' Securities Company, L.P.; By:  Marsh &amp; McLennan GP I, Inc., its sole general partner; By: /s/ David J. Wermuth, Assistant Secretary</signatureName><signatureDate>2003-07-07</signatureDate></ownerSignature></ownershipDocument>

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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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