---
schema_version: "secwatch.filing_event.v1"
accession: "0001214816-25-000102"
form_type: "8-K"
ticker: "AXS"
cik: "0001214816"
company_name: "AXIS CAPITAL HOLDINGS LTD"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T06:45:29.612957+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AXIS completes $2.3B loss portfolio transfer with Enstar covering prior-year casualty reserves

## Summary
- Transaction covers $3.1B of reinsurance segment reserves as of Sept 30, 2024, with AXIS retroceding $2.3B to Enstar.
- Structured as a 75% ground-up quota share; reserves predominantly for casualty portfolios from 2021 and prior years.
- Enstar subsidiary Cavello Bay Reinsurance Limited, rated 'A' by S&P and AM Best, provides the reinsurance.
- Completion follows receipt of regulatory approvals and satisfaction of closing conditions.

## SEC filing metadata
- accession: 0001214816-25-000102
- form_type: 8-K
- ticker: AXS
- cik: 0001214816
- company_name: AXIS CAPITAL HOLDINGS LTD
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1214816/000121481625000102/0001214816-25-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1214816/000121481625000102/axs-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214816-25-000102
- JSON: https://secwatch.observer/filing/0001214816-25-000102.json
- Plain text: https://secwatch.observer/filing/0001214816-25-000102.txt

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