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AXIS Capital Holdings Limited was founded in Pembroke, Bermuda in 2001.
In February 2004, the company formed a healthcare unit providing professional liability insurance.
In June 2015, AXIS and PartnerRe Ltd started a public campaign to convince shareholders of the positive aspects of a potential $13 billion merger between the two companies, with competition seen from Exor SpA, which bid $6.8 billion.
In 2017 AXIS Capital has completed its acquisition of Novae Group P.L.C and Aviabel S.A.
In February 2020, AXIS Capital Holdings chairman of the board and co-founder Michael Butt announced his retirement after five decades in the insurance business. AXIS board member and lead independent director Henry B. Smith has been appointed as successor to the chairmanship post.
In May 2023, Vincent Tizzio was appointed President and CEO of AXIS, succeeding Albert Benchimol.