AXIS Completes Previously Announced Transaction With Enstar
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2025
0mins
Source: Newsfilter
AXIS Capital and Enstar Transaction: AXIS Capital Holdings Limited and Enstar Group Limited have completed a loss portfolio transfer transaction, covering $3.1 billion in reinsurance segment reserves primarily related to casualty portfolios from 2021 and earlier years.
Transaction Details: The agreement involves a 75% ground-up quota share, with AXIS retroceding $2.3 billion of reserves to Enstar, facilitated by Enstar's subsidiary, Cavello Bay Reinsurance Limited, following regulatory approvals.
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Analyst Views on AXS
Wall Street analysts forecast AXS stock price to rise
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 102.750
Low
110.00
Averages
124.22
High
141.00
Current: 102.750
Low
110.00
Averages
124.22
High
141.00
About AXS
AXIS Capital Holdings Limited is a holding company. The Company, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions with operations in Bermuda, the United States, Europe, Singapore, and Canada. Its underwriting operations are organized around its global underwriting platforms: AXIS Insurance and AXIS Re. It operates through two segments: insurance and reinsurance. The insurance segment offers specialty insurance products to a variety of niche markets on a worldwide basis. The product lines in this segment are professional lines, property, liability, cyber, marine and aviation, accident and health, and credit and political risk. The reinsurance segment provides treaty reinsurance to insurance companies on a worldwide basis. The product lines in this segment are liability, accident and health, professional lines, credit and surety, motor, agriculture, marine and aviation, catastrophe, property, and engineering.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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