Bermuda is a British Overseas Territory in the North Atlantic Ocean. It is approximately 1,070 km (665 mi) east-southeast of Cape Hatteras, North Carolina; 1,236 km (768 mi) south of Cape Sable Island, Nova Scotia; and 1,578 km (981 mi) north of San Juan, Puerto Rico. The capital city is Hamilton. Bermuda is an associate member of CARICOM.
Bermuda's economy is based on offshore insurance and reinsurance, and tourism, the two largest economic sectors.[1][2] Bermuda had one of the world's highest GDP per capita for most of the 20th century[3] and several years beyond. Recently, its economic status has been affected by the global recession.
A large number of foreign owned companies are domiciled in Bermuda due to its status as tax haven.
Notable firms
editThis list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
Name | Industry | Sector | Headquarters | Founded | Notes | Status | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Bacardi | Consumer goods | Distillers & vintners | Hamilton | 1862 | Spirits | P | A | ||||||||
Bermuda Monetary Authority | Financials | Investment services | Hamilton | 1969 | Financial regulator | S | A | ||||||||
Brookfield Infrastructure Partners | Financials | Investment services | Hamilton | 2008 | Investments | P | A | ||||||||
Butterfield Bank | Financials | Banks | Hamilton | 1858 | Bank | P | A | ||||||||
Catlin Group | Financials | Reinsurance | Hamilton | 1984 | Insurance, reinsurance, acquired by XL Catlin (Ireland) in 2015 | P | D | ||||||||
Central European Media Enterprises | Consumer services | Broadcasting & entertainment | Hamilton | 1994 | Media and entertainment | P | A | ||||||||
Fidelity International | Financials | Asset management | Hamilton | 1969 | Mutual funds, pensions, fund platforms | P | A|-style="background:#ffffff;" | Frontline Ltd. | Industrials | Marine transportation | Hamilton | 1985 | Marine transport | P | A |
Genpact | Industrials | Business support services | Hamilton[4] | 1997 | Business process support, outsourcing | P | A | ||||||||
Golden Ocean Group | Industrials | Marine transportation | Hamilton | 2004 | Transport | P | A | ||||||||
Gosling Brothers | Consumer goods | Distillers & vintners | Hamilton | 1806 | Rum | P | A | ||||||||
Hiscox | Financials | Full line insurance | Hamilton | 1901 | Insurance | P | A | ||||||||
HSBC Bank Bermuda | Financials | Banks | Hamilton | 1889 | Bank, part of HSBC Group (UK) since 2004 | P | A | ||||||||
Juniperus Capital | Financials | Nonequity investment instruments | Hamilton | 2008 | Hedge fund | P | A | ||||||||
London & Overseas Freighters | Industrials | Marine transportation | Hamilton | 1948 | Marine transport, defunct 1997 | P | D | ||||||||
Marshall Diel & Myers | Consumer Services | Consumer Services | Hamilton | 1989 | Litigation law firm | P | D | ||||||||
Nabors Industries | Oil & gas | Exploration & production | Hamilton | 1968 | Oil and natural gas | P | A | ||||||||
OneBeacon | Financials | Full line insurance | Hamilton | 2001 | Insurance | P | A | ||||||||
Orient Overseas (International) Limited | Financials | Investment services | Hamilton | 1968 | Investments | P | A | ||||||||
Scorpion Offshore | Oil & gas | Exploration & production | Hamilton | 2005 | Drilling | P | A | ||||||||
Sea Containers | Industrials | Marine transportation | Hamilton | 1965 | Marine transport, defunct 2009 | P | D | ||||||||
Seadrill | Oil & gas | Exploration & production | Hamilton | 2005 | Drilling | P | A | ||||||||
Signet Jewelers | Consumer goods | Clothing & accessories | Hamilton | 1949 | Jewelry | P | A | ||||||||
Tokio Millennium Re Ltd. | Financials | Reinsurance | Hamilton | 2000 | Reinsurance, part of Tokio Marine Nichido (Japan) | P | A | ||||||||
Vostok Gas | Oil & gas | Exploration & production | Hamilton | 1996 | Oil & gas investments, defunct 2012 | P | D |
-
Front Street businesses in Hamilton, Bermuda.
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Bermuda Monetary Authority building.
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Tokio Millennium Re Ltd. House Bermuda.
See also
editReferences
edit- ^ "Bermuda – History and Heritage". Smithsonian. 6 November 2007. Archived from the original on 20 December 2008. Retrieved 3 December 2008.
- ^ "Bermuda's Tourism Industry" Tayfun King, Fast Track, BBC World News (3 November 2009).
- ^ Rushe, George. "Bermuda". Encyclopedia Britannica. Retrieved 1 September 2015.
- ^ "Genpact Limited: Private Company Information". Bloomberg. Retrieved 20 December 2017.