Top 10 Companies in Bermuda

Top 10 Companies in Bermuda: Shaping the Island’s Economy

Bermuda, a British Overseas Territory, is known for its thriving international business sector. The island hosts numerous global companies that play a significant role in its economy. Here are the top 10 companies in Bermuda:

1. ACE Limited

• Industry: Insurance
• Market Influence: Major global property and casualty insurer
• Notable Achievements: Acquired by Chubb in 2016, creating one of the world’s largest insurance companies

2. Aon Bermuda

• Industry: Insurance
• Market Influence: Leading insurance broker and risk management consultant
• Notable Achievements: Operates one of the largest insurance hubs in Bermuda

3. Ariel Re

• Industry: Insurance
• Market Influence: Specialty reinsurer focused on catastrophe risk
• Notable Achievements: Founded by Warren Buffett’s Berkshire Hathaway, Ariel Re is a significant player in the catastrophe insurance market

4. Axis Capital

• Industry: Insurance
• Market Influence: Global specialty insurer and reinsurer
• Notable Achievements: Listed on the New York Stock Exchange, Axis Capital has a strong financial performance record

5. Bacardi Limited

• Industry: Spirits
• Market Influence: World’s largest privately-owned spirits company
• Notable Achievements: Producer of iconic brands such as Bacardi rum, Bombay Sapphire gin, and Dewar’s scotch

6. Bermuda Commercial Bank

• Industry: Banking
• Market Influence: Leading commercial bank in Bermuda
• Notable Achievements: Provides a full range of banking services to individuals and businesses

7. Butterfield Group

• Industry: Banking
• Market Influence: International banking and financial services company
• Notable Achievements: Operates in Bermuda, the Cayman Islands, and the Bahamas

8. Catlin Group

• Industry: Insurance
• Market Influence: Global insurance and reinsurance company
• Notable Achievements: Acquired by XL Group in 2015, creating a major force in the insurance industry

9. Everest Reinsurance

• Industry: Insurance
• Market Influence: Global reinsurance provider
• Notable Achievements: Listed on the New York Stock Exchange, Everest Reinsurance is a highly respected player in the reinsurance market

10. XL Catlin

• Industry: Insurance
• Market Influence: Global insurance and reinsurance company
• Notable Achievements: Formed through the merger of XL Group and Catlin Group, XL Catlin is one of the world’s largest insurers

These companies play a vital role in Bermuda’s economy, providing employment, generating revenue, and supporting the island’s international business status. Their presence has helped to transform Bermuda into a global hub for insurance, banking, and reinsurance.