-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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,
 D66K2zSHUSoRuNMJZSyohX5oti+Cj2nSfoAArkFRpiIbsLpw+lMPz7f2uaRuOrrR
 7XQGJhkIQCPHJvdeqqGpXA==

<SEC-DOCUMENT>0001209191-03-011208.txt : 20030708
<SEC-HEADER>0001209191-03-011208.hdr.sgml : 20030708
<ACCEPTANCE-DATETIME>20030708165959
ACCESSION NUMBER:		0001209191-03-011208
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:		03778815

	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:			MARSH & MCLENNAN GP I INC
		CENTRAL INDEX KEY:			0001249874
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31721
		FILM NUMBER:		03778813

	BUSINESS ADDRESS:	
		STREET 1:		1166 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			100362774
		BUSINESS PHONE:		2123455000

	MAIL ADDRESS:	
		STREET 1:		1166 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			100362774

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MARSH & MCLENNAN COMPANIES INC
		CENTRAL INDEX KEY:			0000062709
		STANDARD INDUSTRIAL CLASSIFICATION:	INSURANCE AGENTS BROKERS & SERVICES [6411]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31721
		FILM NUMBER:		03778816

	BUSINESS ADDRESS:	
		STREET 1:		1166 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		2123455000

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

	FORMER NAME:	
		FORMER CONFORMED NAME:	MARLENNAN CORP
		DATE OF NAME CHANGE:	19760505

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MARSH & MCLENNAN RISK CAPITAL HOLDINGS LTD
		CENTRAL INDEX KEY:			0001026605
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31721
		FILM NUMBER:		03778812

	BUSINESS ADDRESS:	
		STREET 1:		1166 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036-2774
		BUSINESS PHONE:		2123455000

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

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:		03778814

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
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    <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>0000062709</rptOwnerCik>
            <rptOwnerName>MARSH &amp; MCLENNAN COMPANIES INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
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            <reportingOwnerRelationship>
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            <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><reportingOwner><reportingOwnerId>
            <rptOwnerCik>0001249874</rptOwnerCik>
            <rptOwnerName>MARSH &amp; MCLENNAN GP I INC</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>0001026605</rptOwnerCik>
            <rptOwnerName>MARSH &amp; MCLENNAN RISK CAPITAL HOLDINGS LTD</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>77631</value></transactionShares><transactionValue><value>20.68</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>7404827</value><footnoteId id="F1" /></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value
>I</value><footnoteId id="F2" /></directOrIndirectOwnership><natureOfOwnership><value>Footnote</value><footnoteId id="F3" /></natureOfOwnership></ownershipNature></nonDerivativeSecurity><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>3004</value><footnoteId id="F4" /></transactionShares><transactionValue><value>20.68</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>286542</value><footnoteId id="F5" /></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I
</value></directOrIndirectOwnership><natureOfOwnership><value>Footnote</value><footnoteId id="F6" /></natureOfOwnership></ownershipNature></nonDerivativeSecurity><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>53481</value><footnoteId id="F7" /></transactionShares><transactionValue><value>20.68</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>5107105</value><footnoteId id="F8" /></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndi
rectOwnership><natureOfOwnership><value>Footnote</value><footnoteId id="F9" /></natureOfOwnership></ownershipNature></nonDerivativeSecurity><footnotes><footnote id="F1">These Common Shares are owned of record by Marsh &amp; McLennan Risk Capital Holdings, Ltd. ("MMRCH"), an indirect wholly owned subsidiary of Marsh &amp; McLennan Companies, Inc. ("MMC").</footnote><footnote id="F2">MMC is making this joint filing on Form 4 on its own behalf and on behalf of MMRCH, Marsh &amp; McLennan GP I, Inc. ("MMGPI"), Marsh &amp; McLennan Capital Professionals Fund, L.P. ("CPF") and Marsh &amp; McLennan Employees' Securities Company, L.P. ("ESC").</footnote><footnote id="F3">MMRCH has agreed that it will coordinate the timing of the sale of Common Shares held by it with the sale of Common Shares held by Trident II, L.P. ("Trident").  As a result of such agreement, MMC and MMRCH may be deemed to beneficially own Common Shares that are held by Trident.  See Footnotes 7, 8 and 9.  MMC and MMRCH disclaim any beneficial owne
rship of any Common Shares held by Trident (other than the shares held by CPF and ESC).  Trident has made separate filings with respect to the Common Shares beneficially owned by it.</footnote><footnote id="F4">CPF disposed of 5,145 Common Shares and ESC disposed of 5,174 Common Shares.  By virtue of holding indirect partnership interests in ESC and CPF, MMC has a pecuniary interest in approximately 1.09% of the Common Shares beneficially owned by ESC and approximately 57.29% of the Common Shares beneficially owned by CPF.  As a result of the foregoing dispositions, MMC's pecuniary interest in the Common Shares held by CPF and ESC has decreased by 3,004 Common Shares.</footnote><footnote id="F5">As a result of these dispositions, ESC beneficially owns 493,460 Common Shares and CPF beneficially owns 490,756 Common Shares.  By virtue of holding indirect partnership interests in ESC and CPF, MMC has a pecuniary interest in approximately 1.09% of the Common Shares benefially owned by ESC (5,368 Common Shares) an
d approximately 57.29% of the Common Shares beneficially owned by CPF (281,174 Common Shares).  </footnote><footnote id="F6">See footnotes 3 and 4.</footnote><footnote id="F7">Trident disposed of 183,564 Common Shares.  MMC, by virtue of holding interests (including through MMRCH and MMGPI) in Trident, may be deemed to have a pecuniary interest in approximately 29.13% of the Common Shares beneficially owned by Trident.  As a result of the foregoing dispositions, MMC's pecuniary interest in the Common Shares held by Trident has decreased by 53,481 Common Shares).</footnote><footnote id="F8">As a result of the dispositions, Trident beneficially owns 17,529,331 Common Shares.  MMC, by virtue of holding interests (including through MMRCH and MMGPI) in Trident, may be deemed to have a pecuniary interest in approximately 29.13% of the Common Shares benefically owned by Trident (i.e. 5,107,105 Common Shares).</footnote><footnote id="F9">Trident has made separate filings on its behalf and on behalf of Trident Capita
l II, L.P. ("Trident GP"), CPF and ESC.  The general partners of Trident GP are MMGPI and two single member limited liability companies that are owned by individuals who are senior executive officers of MMC.  In the Trident filings, the two single member limited liability companies that act as general partners of Trident GP each disclaimed benefical ownership of Common Shares that are, or may be deemed to be, benefically 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 may be deemed to have a pecuniary interest.</footnote></footnotes><ownerSignature><signatureName>MARSH &amp; MCLENNAN COMPANIES, INC.
By: /s/Mark J. Dallara
Name:  Mark J. Dallara
Title:  Vice President and Counsel</signatureName><signatureDate>2003-07-08</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><ownerSignature><signatureName>Marsh &amp; McLennan GP I, Inc.; By: David J. Wermuth, Assistant Secretary</signatureName><signatureDate>2003-07-07</signatureDate></ownerSignature><ownerSignature><signatureName>Marsh &amp; McLennan Risk Capital Holdings, Ltd.; By: Mark J. Dallara, Secretary</signatureName><signatureDate>2003-07-07</signatureDate></ownerSignature></ownershipD
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-----END PRIVACY-ENHANCED MESSAGE-----