Axis’s $2.3bn LPT deal primarily concerns liability, PL and motor: CFO
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Axis’s $2.3bn LPT deal primarily concerns liability, PL and motor: CFO

The three lines add up to 80% of the deal.

By Clark Mindock
December 17, 2024
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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)

The newly announced $2.3bn loss portfolio transfer (LPT) reinsurance agreement between Axis and Enstar will primarily cover liability, professional and commercial auto lines of underwriting years 2021 and before, according to Axis CFO Peter Vogt.

Vogt,

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News Legacy Bermuda Results Axis Capital Enstar
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