Axis and Enstar complete $2.3bn loss portfolio transfer
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Axis and Enstar complete $2.3bn loss portfolio transfer

Axis is retroceding $2.3bn of reinsurance segment reserves to Enstar.

By Kyoung-son Song
April 24, 2025
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Police block off a bridge leading to the barrier island of St. Pete Beach, Fla., ahead of the arrival of Hurricane Milton, in South Pasadena, Fla., Wednesday, Oct. 9, 2024. (AP Photo/Rebecca Blackwell)

Axis Capital has completed a $2.3bn loss portfolio transfer (LPT) with Enstar, the companies said in an announcement.

Signed in September 2024, the agreement covers reinsurance segment reserves totalling $3.1bn

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Topics

News Reinsurance Legacy Commercial lines Axis Capital Enstar Insurers Risk losses Reinsurers
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