List of the largest companies in Bermuda
The list of the largest companies in Bermuda contains from Forbes Magazine in the list Forbes Global 2000 published the largest listed companies in Bermuda in the fiscal year of 2007.
The ranking of the annual list of the 2000 largest publicly traded companies in the world is calculated from a combination of sales , net profit , assets and market value . The placements of the companies in the equally weighted categories were added together to form a rank. The table also shows the headquarters and the industry . The figures are in billion US dollars and relate to fiscal 2007, for the market value to the stock exchange price on February 29, 2008.
Bermuda is located in the Atlantic Ocean , east of the US state of North Carolina . Since the archipelago is a tax haven (with low tax rates), credit institutions and insurance companies have settled there. Bermuda is considered to be the third largest center for reinsurance (e.g. Everest Re and Partner Re ) in competition with London and New York . As a British overseas territory, the archipelago is not part of the United Kingdom of Great Britain and Northern Ireland , but is under its sovereignty . Bermuda is also not part of the European Union .
At the time of the survey or in the 2007 financial year, all companies listed still had their legal seat in the capital of Bermuda, Hamilton . However, since 2008 numerous companies have relocated their headquarters from Bermuda to other countries. With Accenture , ACE Limited , Cooper Industries , Covidien , Foster Wheeler , Ingersoll-Rand , Tyco Electronics , Tyco International and Weatherford International , nine of the once twelve top-selling listed companies in Bermuda left the country within a few months.
| rank |
Rank Forbes 2000 |
Surname |
Revenue ($ billion) |
Profit ($ billion) |
Assets ($ billion) |
Market Value ($ billion) |
Branch |
|---|---|---|---|---|---|---|---|
| 1. | 273. | ACE Limited a | 14.15 | 2.58 | 72.09 | 18.55 | Insurance |
| 2. | 425. | Bunge Limited | 44.80 | 0.78 | 22.02 | 13.40 | food |
| 3. | 443. | Accenture a | 22.39 | 1.34 | 10.75 | 26.58 | Business consulting |
| 4th | 545. | Ingersoll-Rand a | 8.76 | 3.97 | 14.38 | 11.40 | Conglomerates |
| 5. | 548. | Tyco Electronics a | 14.04 | 0.49 | 24.97 | 16.04 | technology |
| 6th | 591. | Weatherford International a | 7.83 | 1.07 | 13.19 | 23.38 | oil and gas |
| 7th | 695. | Tyco International a | 19.29 | −2.31 | 32.47 | 19.43 | Conglomerates |
| 8th. | 800 | Covidien a | 10.36 | −0.26 | 18.82 | 21.34 | Medical technology |
| 9. | 824. | XL Capital a | 9.14 | 0.28 | 57.76 | 6.42 | Insurance |
| 10. | 876. | Everest Re Group | 4.78 | 0.84 | 18.00 | 6.09 | Insurance |
| 11. | 878. | Nabors Industries | 4.94 | 0.93 | 10.10 | 8.85 | oil and gas |
| 12. | 896. | Invesco | 3.88 | 0.67 | 12.93 | 10.88 | Financial service providers |
| 13. | 1018. | Axis Capital | 3.23 | 1.09 | 14.68 | 5.58 | Insurance |
| 14th | 1046. | White Mountains Insurance | 4.73 | 0.41 | 19.11 | 5.21 | Insurance |
| 15th | 1048. | Cooper Industries a | 5.90 | 0.69 | 6.13 | 7.39 | technology |
| 16. | 1083 | PartnerRe | 4.21 | 0.72 | 16.04 | 4.17 | Insurance |
| 17th | 1085. | Arch Capital | 3.45 | 0.86 | 15.62 | 4.61 | Insurance |
| 18th | 1147. | MF Global | 6.72 | 0.09 | 67.37 | 2.11 | Financial service providers |
| 19th | 1177. | Seadrill | 1.67 | 0.46 | 9.25 | 10.41 | oil and gas |
| 20th | 1233. | Foster Wheeler a | 5.11 | 0.39 | 3.25 | 9.43 | Construction |
| 21st | 1581. | Renaissance Re | 1.67 | 0.61 | 8.29 | 3.61 | Insurance |
| 22nd | 1737. | Allied World Assurance | 1.45 | 0.47 | 7.90 | 2.12 | Insurance |
| 23. | 1740. | Endurance Specialty | 1.85 | 0.52 | 7.27 | 2.37 | Insurance |
| 24. | 1786. | Aspen Insurance | 2.01 | 0.49 | 7.19 | 2.52 | Insurance |
a During the years 2008-2010 , these companies relocated their headquarters from Bermuda to other countries and are therefore no longer based in Bermuda.