A packer assembly for dynamically sealing against an inner tubular of a telescoping joint including axially activated packers. The assembly includes an inner housing positionable about the inner tubular of the telescoping joint, the inner housing assembly comprising a packer configured to dynamically seal against the inner tubular of the telescoping joint, and an outer housing assembly positionable about the inner tubular of the telescoping joint and axially below the inner tubular housing, the outer housing comprising a packer configured to dynamically seal against the inner tubular of the telescoping joint.