---
schema_version: "secwatch.filing_event.v1"
accession: "0001214816-24-000115"
form_type: "8-K"
ticker: "AXS"
cik: "0001214816"
company_name: "AXIS CAPITAL HOLDINGS LTD"
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T02:48:38.231595+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AXIS Capital enters $2.3B loss portfolio transfer with Enstar on reinsurance reserves

## Summary
- Cedes 75% of $3.1B reinsurance segment reserves ($2.3B) to Enstar subsidiary Cavello Bay Reinsurance Limited.
- Expects ~$60M benefit over several years from excess of reserves ceded over consideration.
- Covers casualty portfolios from 2021 and prior underwriting years; AXIS retains claims control.
- Closing expected in H1 2025, subject to regulatory approvals and customary conditions.
- Stone Point (owns ~8% AXS) also holds Enstar shares; AXIS director Charles Davis is Co-CEO of Stone Point.

## SEC filing metadata
- accession: 0001214816-24-000115
- form_type: 8-K
- ticker: AXS
- cik: 0001214816
- company_name: AXIS CAPITAL HOLDINGS LTD
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000115/0001214816-24-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000115/axs-20241213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214816-24-000115
- JSON: https://secwatch.observer/filing/0001214816-24-000115.json
- Plain text: https://secwatch.observer/filing/0001214816-24-000115.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.