Axis Capital Holdings Ltd. celebrated its fifth anniversary in business yesterday by holding a ribbon-cutting at Axis House, its new headquarters in the Waterfront on Pitts Bay Road.

Finance Minister Paula Cox cut the ribbon for the new 35,000 square-foot headquarters.

Also speaking were John Charman, founder, CEO and president of AXIS Capital and Michael Butt, chairman.

Tours of the new building were available following the formal ceremonies.

The celebration was attended by AXIS Capital's board of directors, founders, local dignitaries including Derrick Burgess, Minister of Labour and Immigration, employees and colleagues.