AXIS Capital Holdings has finalized a previously announced loss portfolio transfer transaction through several of its subsidiaries—AXIS Specialty Limited, AXIS Reinsurance Company, AXIS Re SE, and AXIS Managing Agency Ltd. (on behalf of Lloyd’s Syndicate 1686)—with Cavello Bay Reinsurance Limited, a subsidiary of Enstar Group. The deal closed after receiving regulatory approvals and meeting all other necessary conditions. This transaction is part of AXIS Capital’s broader risk management and capital optimization strategy.