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Bermuda Flag

Bermuda's International Non-Insurance Businesses, Part 2

Huge range and variety of offshore entities, listed D to L

line drawing

By Keith Archibald Forbes (see About Us) exclusively for Bermuda Online

To refer by email to this file, please use "bermuda-online.org/intcoys2" as your Subject

  D-E

Dairy Farm International Holdings C. H. Wilken, Secretary
Decca Holdings C/o Codan Services Ltd
Deleon Global Trading Almon Glenn Braswell has control, according to an account on page 25 of The Royal Gazette of January 16, 2003.
Denholm Ship Management Owned by John Denholm, British, worth at least $93 million, among the 500 richest British people in the world.
Deson Development International Holdings C/o Bank of Bermuda Ltd
DockPar LP Formed by DLJ LBO Plans Management Corporation 2 of Delaware, as a general partner of MBP III Plan Investors LP, by Mello Jones & Martin
Dockwise Shipping firm and marine contractor. Former parent Dockwise Transport NV. Specializes in providing transport services to the offshore, onshore and yachting industries, as well as the installation of heavy offshore platforms. Recently expanded its fleet with the addition of the fourth vessel out of a series of six, MV Treasure.  Two converted tankers Triumph and Trustee were delivered in 2008.
Dominion Petroleum

An independent energy company specializing in oil and gas reserves exploration in east and central Africa and the next phase of its development - high impact drilling.

DOV Bermuda Parents are DOV Pharmaceutical Inc, of Hackensack, New Jersey and Irish drug company Elan Corp.
Dresser Holdings Dallas, Texas. Privately held engineering company Dresser Inc, owned by Dresser Holdings Inc, a Delaware corporation. Has another Bermuda holding company.
Dragon Oil Since 2009. Arab-owned. Oil and gas exploration and production company  It operates oilfields in the Cheleken Contract Area offshore Turkmenistan.
Duke Energy Formerly Duke Energy Australia Ltd. C/o AS&K.
Dynamic Holdings C/o Butterfield Fund Services (Bermuda) Ltd
Eastern & Oriental Express C/o Appleby Spurling & Hunter
eForce Holdings Ltd C/o Codan Services Ltd
Elan International Services 1 North Shore Road, Hamilton Parish FL 04. Phone 292-9169. Fax 292-2224. One of the companies of the Irish pharmaceuticals company Elan.
Elan Pharmaceutical Investment Also Bermuda-based. Backs securities sold by Elan.
Elegance International Holdings C/o Codan Services Ltd
Elegant Derivative Partnership (Bermuda) C/o Conyers Dill & Pearman. Owned by two Malaysian entities
E-Life International C/o Codan Services Ltd
Eldorado Corporation It owns gold mines in Sonora State, Mexico, and two in Arizona, USA. The Mexican property apparently has 1.2 million ounces of gold in the ground. The Arizona sites are capable of being brought into production. Eldorado is primarily an exploration company, trading on the Toronto and Vancouver stock exchanges. Its working office is in Vancouver.
Emergent Alternative Funds It bought rights to $6 million of defaulted loans to Saddam Hussein's Iraq regime. Michael Lambert.
Endurance Specialty Holdings  
Energy XXI Acquisition Corp (Bermuda)  
Equinoxe Alternative Investment Holdings

A premium boutique fund administrator formed in Bermuda in 2007 by experienced hedge fund administration professionals. Also with offices in Dublin, the USA and Singapore from 2009.  A full-service alternative investment fund administration company.

Equus Asset Management Partners 2003 Bermuda exempted partnership specializing in private wealth asset management. 85 Reid Street Hamilton HM12 Bermuda. Phone 441 296.4527. Fax 441 296.4520.
Essex County P. O. Box HM 1179, Hamilton HM EX. Arranges leases and sales of US manufactured property to be used predominantly outside USA.
Exodus Platinum Genesis Fund

Hedge fund owned by Exodus Equities, which has a multi-million dollar portfolio

Exxon Known as ESSO outside the USA. In the top 5 of the largest corporations in the world, with operations in more than 110 countries. It is a world provider of oils, gas and chemicals. It sells these in Bermuda also, but gasoline in Bermuda is nearly US$6 a gallon, one of the highest prices in the world. Exxon has about 70 employees in Bermuda in a variety of local and international companies - several under the Exxon name - at Ferry Reach, St. George's Parish. Only Exxon and its rival Shell are allowed to retail gasoline (petrol) in Bermuda. Exxon does not own any of Bermuda's Esso gas stations. They must by law be owned and operated by Bermudians.
Everbest Century Holdings C/o Codan Services Ltd
Everest Capital It voted against a merger involving Norwegian marine geophysical company Wavefield Inseis ASA and TGS-NOPEC because the current proposed deal does not bring maximum value for shareholders.

F

Fabian & Fabian Capital

Bermuda -headquartered international real estate investor with an interest in the Romania market.

Fairfax Financial Holdings World ranking about 866. Based in Toronto, it is heavily into property, casualty, insurance and reinsurance. Its Bermuda-based Odyssey Re insurance subsidiary also active.
Fairfield Greenwich Group (FGG) Founded 1983, alternative asset management fund company with about $5 billion in assets under administration. Headquartered in New York. With staffed investment advisory office in Bermuda. Fairfield Sentry Ltd., also Bermuda-incorporated and  run by FGG, was heavily hit by the Madoff fraud.
Fenris Holdings NV  
Fidelity International Fidelity officeP. O. Box HM 670, Hamilton HM CX. In Bermuda since 1969, it is the international headquarters and subsidiary of Boston's Fidelity Investments Ltd. It co-ordinates corporate finance, fund treasury, legal and compliance functions  in Europe and Asia. The chairman & CEO of the parent FMR Corporation begun in 1946 by his father, is Mr. Edward Johnson III, who owns a substantial Bermuda home. The ownership structure is similar to the US domestic operation of FMR. The Johnson family has controlling interest, with the balance owned during their employment by employees. Photo by the author.
Fiduciary Partners Trust Company Formed 11 June 2003
FIR Capital

Venture capital company that focuses its activities in Brazil. In 2007 it partnered with Draper Fisher Jurvetson, a San Francisco-based venture capital firm that backed Hotmail and Skype. 

First Sign International Holdings C/o Butterfield Fund Services (Bermuda) Ltd
Flag Telecom Holdings It filed in US Bankruptcy Court under Chapter 11. Compared to earlier, now with only a small presence in Bermuda. Nynex is the managing sponsor, providing full communications services in the northeastern USA and elsewhere globally. Other sponsors are the Dallah Al Baraka Group of Jeddah, Saudi Arabia; Marubeni Corporation of Japan; Gulf Associates Inc. of New York; Telecom Holding Co. Ltd., a wholly-owned subsidiary of Telecom Asia, the largest market-capitalized company on the stock exchange in Thailand; and The Asian Infrastructure Fund (AIF) of Hong Kong, a $1 billion fund that invests in entities engaged in developing and operating infrastructure projects in Asia. The FLAG (Fiber-optic Link Around the Globe) cable system cost $1.7 billion and entered service in November, 1997. FLAG is the first international submarine telecommunications cable to serve China. 
Fletcher International In late 2009 bought $5 million worth of stock in the USA's Syntroleum Corp.
Flying Lion Private jet airline, Bermuda-registered. Flies UK opposition politicians world-wide. Owned by millionaire Lord Ashcroft. Registered at Cedar Avenue in Hamilton. A Falcon 900EX allows its MP passengers to travel in comfort and style, with features such as supple leathers, glistening veneers and deep pile carpet as standard, according to French maker, Dassault.
Forest Laboratories

Makes Lexapro, the world's third-best selling antidepressant, sold only in the USA. Has a complex, multi-national tax avoidance structure.

Forexter Trades foreign currencies in a unique way.
Forum Fund Services Offshore funds
Fortuna International Holdings C/o Butterfield Fund Services Ltd
Fortune Telecom Holdings C/o Codan Services Ltd
Forum Financial Group Fund administrators, Forum Fund Services, now owned by US financial giant Citigroup.
Foster Wheeler In February 2009 finished its relocation to Switzerland from Bermuda. In the top 100 of Federal contractors, with significant US Defense and Homeland Security contracts. In November 2000 the directors of this Clinton, New Jersey-based engineering and construction service provider approved the change of its legal domicile from Clinton, New Jersey, to Bermuda and duly re-incorporated in Bermuda, for significant tax savings. Most of its revenue and income come from outside the USA. Via its subsidiaries, it has a broad range of construction, design, engineering, manufacturing, project development, management, research and environmental services. A global company offering, through its subsidiaries, a broad range of engineering, procurement, construction, manufacturing, project development and management, research and plant operation services. Serves the upstream oil and gas, LNG and gas-to-liquids, refining, petrochemicals, chemicals, power, pharmaceuticals, biotechnology and healthcare industries.
Fram Shipping Hayward Building, Hamilton. Phone 292-7495.
Franklin Holdings (Bermuda) Bermuda holding company, global investment vehicle and member of the New York-based D. E. Shaw Group. Recently purchased the James River Group and with a Bermuda-based reinsurance company, JRG Re
Frontline Shipping P. O. Box HM 1593, Hamilton HM GX. World's largest oil tanker operator. A Bermuda-registered tanker company. It owns and operates more than 70 oil tankers and more under construction. Norwegian multi-millionaire shipping magnate John Fredriksen was chairman until he retired October 31, 2003. Winding up order put on hold.
Fruit of the Loom American apparel and underwear corporation incorporated in Bermuda. Formerly based in Bowling Green, Kentucky. Its shareholders  voted to re-incorporate in Bermuda on March 4, 1999, for significant tax savings. Its products are sold in Bermuda. It has $ multi-million US Defense and Homeland Security contracts. 
Fund Administration Services (Bermuda) Michael Burger
Fuisz International (Bermuda) 31 Church Street, Hamilton HM 12. Phone 296-7631.
Fulcrum Group 69C Pitts Bay Road,  Pembroke HM 08. Phone 295-1355. A hedge fund administrator.

G

GAP (Bermuda) General partner of following:
GAP/W International LP C/o Conyers Dill & Pearman
Gazocean Bermuda) Trading  Par-la-Ville Place, 14 Par-la-Ville Road, Hamilton HM 08. Phone 295-0561
GEC International Finance (Bermuda) Clarendon House, 2 Church Street, Hamilton HM 11. Phone 296-2440
Gemini Submarine Cable System 14 Par-la-Ville Road, Hamilton HM 08. Phone 295-2072.
General Atlantic Group Washington Mall, Hamilton HM 11. Phone  295-2864. Fax 292-4314.
General International 29 Richmond Road, Pembroke HM 08. P. O. Box HM 2014, Hamilton HM DX. Phone 292-0773. The Bermuda office of General Motors Corporation.
General Minerals Corporation Pembroke. Phone 292-6972.
General Motors  Three subsidiaries in Bermuda
Genpact Founded in 1997 as the India-based business process services operation for GE's financial services business. The company became independent at the beginning of 2005. On March 29 2007, the company formed Genpact Ltd. in Bermuda to be the new holding company for the business. Provides offshore business services to General Electric Co. and other companies, had an initial public offering (IPO) in USA in 2007.
GenoPort Holdings (Bermuda) 90 Pitts Bay Road, Pembroke. Phone 295-5815.
German Venture Managers (2000)  
Global Asset Management  
Global Specialized Opportunities 1 (GSO1)

A victim of potential fraudulent activities revealed in December 2008 by Mr. Bernard L. Madoff and his investment advisory business, which potentially had a material impact on both direct and indirect investments in the Madoff funds. A press release included: "As at December 15, 2008, GSO1 had a total indirect exposure to this manager of $2.8 million (or c. five percent of NAV) in the discretionary Investment Portfolio. Whilst this situation could potentially have an impact on the NAV of GSO1, the Directors do not foresee it having a significant impact on the overall strategy of GSO1."

Global Crossing Incorporated in Bermuda in 1997 as GT Interconnect Systems Ltd, by Gary Winnick. World-wide, it went bankrupt in 2001 in the fourth-largest Chapter 11 in US history, wiping out US$40 billion in market value. In March 2003, the majority of the company was bought by Asia-based Hutchison Telecommunications and government-run Singapore Technologies Telemedia. Affiliated or fraternal Bermuda companies include Asia Global Crossing; Global Crossing Intellectual Property Ltd; Global Grossing Holdings Ltd; Global Crossing International Ltd; Global Crossing Network Center Ltd; Global Crossing Portfolio Holdings Ltd; Atlantic Crossing Ltd; Mid-Atlantic Crossing Holdings Ltd; Mid-Atlantic Crossing Ltd;  Pan American Crossing Holdings Ltd; South American Crossing Holdings Ltd; South American Crossing Ltd; Atlantic Crossing II Ltd; and Pac Panama Ltd.
Global Marine Systems (Bermuda) It operates one of the world's most advanced sub-sea fiber optic systems for data, voice, video and other forms of Internet communications. In the year 2000, the Bermuda Government gave this company import duty (Customs Duty) exemptions so it could import equipment and machinery duty-free.
GlobalStar Telecommunications Bankrupted but Miami-based New Valley Corporation investment group invested $55 million in early 2003. With interests mainly in Europe and Russia in the communications industry.
GMO Currency Hedge Fund Master Portfolio (Offshore) LP Formed 2003 by GMO Investment Partners LLC, c/o Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808. C/o Appleby Spurling & Hunter.
GTE  Telecommunications, about 58 in overall world ranking. Its Bermuda operations include its own captive GTE Reinsurance Company, operating internationally.
G-Trade Services P. O. Box HM 2796, Hamilton HM LX. Phone (441) 298-9920. Fax (441) 298-9930. (A subsidiary company of Credit Lyonnais Securities Asia Global Emerging Markets Group of Companies).
Golar LNG Shipping company incorporated in September 2002 by a Norwegian maritime and tanker company transporting liquid natural gas (LNG) and owning a fleet of liquefied natural gas tankers. There is also a subsidiary of the company. Chairman is Norwegian shipping billionaire John Fredriksen, Golar’s largest shareholder through his closely held World Shipholding.
Golden Harvest Entertainment (Holdings) C/o Codan Services
Golden Ocean Group A shipping company led by Norwegian billionaire John Fredriksen, operates a number of carriers for raw materials shipping. It was spun off from Frontline. In 2007, it announced two new ship-building contracts at Daehan Shipbuilding Co., Ltd., South Korea and Zhoushan Jinhaiwan Shipyard in China. In 2010 owns or controls 12 ships and has another 23 under construction.
Good fellow Group C/o Codan Services
Goodman & Company (Bermuda)  
Google Bermuda

Google has the following 5-company Bermuda presence, part of a corporate structure that is believed by the British UK press to enable the Internet search engine giant to legally avoid hundreds of millions of pounds in UK taxes. In the UK, newspaper The Guardian and TV channel Sky News revealed this in December 2009. The Guardian reported that Google was avoiding £450 million in taxes on its UK advertising. Revenues from customers in Britain are diverted to Google Ireland Ltd., the company's Dublin-based headquarters for its European operations. UK corporation tax is levied at between 28 percent and 30 percent, compared to Ireland's rate of 10 to 25 percent. Google Ireland is owned by Google Bermuda Ltd., according to Richard Murphy, an outspoken critic of tax havens, who wrote the story on Google that was published on the Sky News website in December 2009.

Google Bermuda Unlimited See above
Google Cable Bermuda See above
Google Infrastructure Bermuda See above
Google PPC1 Bermuda See above
Guaranteed Weather Trading  One owner is Brian O'Hearne. Since 2003, the owner of GuaranteedWeather.com in USA.
Guanfair Finance and Investments  
Guangdong Brewery Holdings C/o Codan Services
Grandmass Enterprise Solution  C/o Codan Services
Great Eagle Holdings Butterfield Fund Services (Bermuda)
Griffin Mining Mines zinc in China. In 2007 it completed the sale of A£75 million ($153 million) of shares to Australia's Citadel Equity Fund Ltd. In 2008 it sold its first consignment of precious metals concentrate, a raw material used by refiners, from its Caijiaying mine. The 60 tons of concentrate containing gold, silver and lead was sold to a Chinese purchaser.
Grosvenor Investment Group Mercury House, 101 Front St., Hamilton HM12 Tel: (441) 292 0022. Fax: (441) 292 2266
GS Equity Markets, LP C/o Conyers Dill & Pearman
Guangdong Brewery Holdings C/o Codan Services
Gulf Keystone Petroleum

Explorer of Middle East oil, owner of Shaikan-1 well, located near the Northern Iraqi city of Dihok, which may hold as much as three billion barrels of oil.

Gypsum Transportation  
GZI Transport Butterfield Transfer Services (Bermuda) Ltd

H-I

H&F International Rose Partners LP H&F International Rose Investors
H&F Rose Partners LP H&F International Rose Investors
H&F Partners Blocker LP H&F International Rose Investors
Halley Investment Owned by Viscount Petersham, British, titled, worth US$ 180 million
Hamilton Trust Windsor Place, Hamilton
Hampton Shipmanagement 11 Par-la-Ville Road, Hamilton HM 11. Phone 295-0902. Fax 295-2165.
Hang Ten Group Holdings C/o Codan Services Ltd
Hanny Holdings C/o Codan Services Ltd
Hartford Management  Crawford House, 50 Cedar Avenue, Hamilton HM 11. Phone 295-5243. Fax 295-4460.
Haverford Securities   Fax (441) 296-9904. Investment management, in global fixed income markets. 
HCH Management  Reid Street, Hamilton
HC Japan Fund

Set up by Englishman Bruce Currie in Bermuda in 2001/2002. 

Hedge Hog and Conserve Fund Managed by Interinvest (Bermuda)
HedgeWorld A hedge fund services company. Backed by Tremont Advisors Inc. of Rye, USA. But it shut its Bermuda office and its staff relocated to the USA in August 2003.
Helen of Troy Bermuda-registered, El Paso-based. Includes Vidal Sassoon, Revlon and Dr. Scholl's grooming products, plus its own brands. US headquarters are in Dallas.
Henderson China Holdings C/o Codan Services Ltd
Herald Holdings C/o Codan Services Ltd
Hewlett-Packard Bermuda International LP Formed 2003 by Compaq Computer Cayman LP.
Highfield Fund

The primary listing is on the Irish Stock Exchange. Incorporated in Bermuda in February 2010 as a limited liability company under the Bermuda Companies Act 1981, as amended, and authorized and registered as a standard fund by the Bermuda Monetary Authority under the Investment Funds Act 2006 of Bermuda. The fund's promoter and investment adviser is Aurum MAM Fund Management Ltd., which holds all general voting shares and controls the fund.

HKS Investments  
HKSCC Nominees  
Honeywell Bermuda LP Owned by Allied Signal Aerospace Service Corp LP of 1209 Orange Street, Wilmington, Delaware
Hong Kong Land Holdings Controlled by Jardine Strategic Holdings Ltd., a Hong Kong-based investment company. Jardine Strategic owns 45 percent. Jardine Strategic also owns 62.2 percent of Jardine Cycle & Carriage, which distributes Mitsubishi Motors Corp. and Kia Motors Corp. cars in Singapore.
Hopson Development Holdings C/o Codan Services Ltd
Hudco Partners IV An exempted partnership formed in 2002 by Hudco GenP IV Ltd of Tortola, BVI.
Hung Tai Printing Holdings C/o Codan Services Ltd
Howin Partners LP Represented by Appleby Spurling & Hunter. Its general partner is Wellbridge Maritime Ltd. 
HSBC Investments (Bermuda) In July 2007 HSBC appointed its Island-based investments arm to manage one of the largest international funds in the world, the Dublin-based HSBC Global Liquidity Fund (GLF) US dollar fund.
IAS Park Church Street, Hamilton. It took over Mutual Risk Management Ltd.
ICO Global Communications (Holdings) It now has shares on New York's Nasdaq index. Like Iridium LLP and Globalstar Telecommunications Ltd, it launched a satellite service for global coverage for telephones, fax and other related services.  It has 12 satellites in place.
IDT International C/o Codan Services Ltd
I. I. D Partners Fax (441) 295-5622. Suite 157, 48 Par-la-Ville Road, Hamilton HM 11. Investment management.
Independent Consulting Solutions Since early 2003 at Rosebank House, 12 Bermudiana Road, Hamilton. E-mail rsalmon@icsbermuda.com  IT Professional services organization. 
Infinity Bio-Energy  An owner of  Brazilian sugar and ethanol mills
Innomaxx Biotechnology Group  
Inside Holdings, Inc C/o Lines Overseas Management
Intercity (Bermuda) 26 Victoria Street, 1st Floor, Swan Building, Hamilton, Bermuda HM12. Phone 296-1221. Fax 296-2001.
Interinvest (Bermuda) Part of Montreal-based Interinvest group reportedly managing over $2 billion from offices in Canada, Bermuda, Switzerland and the USA. Manages Bermuda-domiciled Hedge Hog and Conserve Fund.
Inter-Ocean Credit Products Incorporated 12 June 2001.
Ingersoll-Rand Company Parent company of Ingersoll-Rand Company in the USA, a global manufacturer. Its products include Bobcat loader, Schlage locks, Club Car golf cars, Torrington bearings and more. Formerly based in Woodcliff Lake, New Jersey. Bermuda headquartered for tax reasons on December 31, 2001, for tax savings estimated at US$40 million. It has $ multi-million US Defense and Homeland Security contracts.  In January 2009 its wholly owned subsidiary, Trane, was  awarded a contract from the US government worth up to $5 billion to allow federal agencies worldwide to cut costs, energy use and pollution and improve efficiency. The US Department of Energy handed Trane, a global provider of indoor comfort systems and comprehensive facility solutions, the Indefinite Delivery Indefinite Quantity Energy Savings Performance Contract, which may may extend through 2019 if the government chooses to exercise all contract options. 
Intelsat (Bermuda) Dundonald House, Suite 201, 14 Dundonald Street West, Hamilton HM 09. Phone 294-1650. Fax 292-8300. World's largest provider of fixed satellite services. Formed in 1964 to provide global communications to non-communist countries. In late 2007 the Federal Communications Commission approved a $16.4 billion deal in which satellite company Intelsat Holdings will become privately owned. Intelsat Holdings is the parent company, the world's largest provider of fixed satellite services. It is being acquired by Serafina Holdings, also Bermuda-based, an investment vehicle primarily owned by private equity firm BC Partners Ltd which owns 71 percent of Serafina, and therefore have a controlling interest in Intelsat. The largest single investor in Serafina, through its investment in BC Partners' funds, is the Ontario Teachers' Pension Plan Board. It owns about 11.5 percent of Serafina. In March 2009 it was announced Intelsat is set to expand its global reach to millions of viewers in North America with the launch of an additional television programming platform on its Galaxy 19 satellite. The fixed satellite services provider announced that RRsat Global Communications Network Ltd., a global provider of comprehensive content management and distribution services to the television and radio broadcasting industries, has just launched the new platform, which will be operated from its Hawley Teleport in Pike County, Pennsylvania. Intelsat's Galaxy 19 satellite, which hosts the largest ethnic video platform in North America, distributing almost 180 international channels, is located at 97 W. RRsat will leverage this capacity to distribute regional programming into the US cable market and Canada's DTH community. l Intelsat and International Launch Services (ILS) signed a contract for the launch of the Intelsat 16 satellite on an ILS Proton later this year. The satellite, built by Orbital Sciences, is to be delivered to the Baikonur Cosmodrome in Kazakhstan later in 2009.  Intelsat 16 is a 2,500-kilogramme satellite that will be placed at the orbital location of 58 degrees west longitude. It will provide high power Ku-band capacity to support expanded services to direct-to-home customers in Latin America.
International Advisory Services  P. O. Box HM 274, Hamilton HM JX
International Finance (Bermuda) Trust Established in 2003 by the Mizuho Group of Japan, the world's bank by assets.
International Fund Administration 48 Par-la-Ville Road, Suite 464, Hamilton HM 11. Phone 295-4718. Fax 295-9637.
Interpetrol Bermuda At Conyers Dill & Pearman.
InterVest International P. O. Box HM 2134, Hamilton HM JX. Phone 292-1748
Invesco Global Asset Management 99 Front Street, Hamilton HM 12. Or Suite 191, 12 Church Street, Hamilton. (441) 296-5874. Fax (441) 296-4623
Invesco Giant UK-based global investment management company with more than $500 billion of assets under management, switched in late 2007 from London to Bermuda. Also shifted its primary stock exchange listing to Wall Street, rather than the London Stock Exchange. Invesco combined with Aim Investments Group in 1997 to form Amvescap, but that has since ended.
Invesdex 69 Front Street, Penthouse, Hamilton HM 12. Phone 296-4400. Fax 295-2377. A Bermuda-based, international investment firm. It offers a diverse selection of assets and an interesting investment platform.
Investors Guaranty  Fund Parliament Street, Hamilton HM 12. Phone 295-8780. Established in Bermuda in 1985.
IPOC International Growth Fund In early 2006, the Wall Street Journal revealed that the mutual fund had been set up on the Island five years ago by a convicted fraudster. It was alleged that it was effectively a holding company for around $1 billion in telecommunications assets transferred through a network of shell companies. The WSJ said the scandal went all the way up to the Russian IT and Communications Minister Leonid Reiman. IPOC includes two other Bermuda companies, Comitas and Honestas. The Bermuda Government has moved to wind up the fund and eight affiliated companies remains active. The suit will rumble through the Island's courts from most of 2008. In a separate legal move, prosecutors in the British Virgin Islands are reported to have launched a criminal probe in Ipoc's activities over claims that $40 million of court fees paid by the company were the "proceeds of crime." There is a claim that Russia's telecommunications minister Leonid Reiman is the ultimate beneficial owner of Ipoc. Mr. Reiman has denied this claim, according to a report in the UK's Financial Times.
Ironshore A specialty lines insurance and reinsurance managing general agency.
Iron-Starr Excess Agency

A joint venture with Maurice (Hank) Greenberg's CV Starr & Co., Inc. Will write catastrophic excess casualty insurance products, targeting Fortune 2000 and other clients purchasing cat excess coverage. Policy limits up to $75 million will be issued.

ISIS Fund Services 35 Crow Lane, Devonshire HM 19. Phone 232-9001. Fax 236-1999.
Island Intermodal Systems Has developed a new thermal container for different products at different temperatures, for chilled and frozen goods at the same time.
IWT Tesoro International  

J-L

JLH International Windsor Place, 18 Queen Street, Hamilton. Phone 292-7801.
Jacobson Global Hedge Fund Launched in February 2001 by Jacobson Global Management.
Jade Dynasty Food Culture Group Codan Services Ltd
Jardine Matheson Holdings C. H. Wilken, Secretary
Jardine Matheson International Services For the Jardine Matheson group of Companies. Most of its operations are in China (and its administrative territory Hong Kong), Singapore and elsewhere in Asia. They employ 60,000 in Hong Kong alone. Bermuda companies include Connaught Investors Limited, Dairy Farm International Holdings Limited, Hong Kong Land Holdings Limited, Jardine Fleming Group Limited, Jardine International Motor Holdings Limited, Jardine Matheson Holdings Limited, Jardine Matheson International Services Limited, Jardine Pacific Group Limited (formerly Jardine Pacific Limited), Jardine Pacific Limited (formerly Jardine Pacific Management Limited), Jardine Strategic Holdings Limited and Mandarin Oriental International Limited. The latter's assets include the Hyde Park Hotel in London, England. It also manages the Elbow Beach Hotel in Bermuda and hotels in in Hawaii, Hong Kong, Jakarta, Kuala Lumpur, London and Macau. Jardine Fleming Group Limited is the Group's joint-venture investment bank. Jardine International Motor Holdings Limited is 75% owned by Jardine Matheson Holdings Ltd. Jardine International Motor Holdings is in China, Hong Kong (including Mercedes-Benz models), Macau and Japan, Australia, France, United Kingdom and USA. Connaught Investors Limited (its parent company is Jardine Matheson Holdings Limited) bought an eight percent stake in Vietnam's Asia Commercial Bank (ACB). Based in Ho Chi Minh City, ACB is the largest of about 50 Vietnamese banks allowed to have private shareholders; and Jardine Strategic Holdings.
JD Irving The famous Canadian dynasty, the Irving family, has a major offshore corporate base here. A $6 billion empire, it controls huge business concerns in New Brunswick. The 125-year-old dynasty has a number of JD Irving Limited Bermuda-registered entities, and the Island became the final home for company patriarch Kenneth Colin Irving before he passed away in 1992. Since then it has been Mr. Irving's three sons JK, Arthur and Jack, all in their 70s, who have overseen the various elements of the business, which includes media, oil and energy, and forestry. The Irving family is the third richest in Canada.
Juniperus Capital (JCL) Since May 2008. Manages Benfield Group's $50 million cash investment in the Juniperus Insurance Opportunity Fund and other third-party funds focused on the collateralized re/insurance-linked securities markets,
Jupiter Asset Management (Bermuda)  
Karlholt Rupert Murdoch-owned. It is his family's £3.8 billion investment vehicle and listed on the Bermuda Sock Exchange
Karrie International Holdings C/o Codan Services Ltd
K&P International Holdings Ltd C/o Codan Services Ltd
Katanga Mining $1.4 billion-valued mining company, cobalt and copper in the Democratic Republic of Congo.
K. Wah International Holdings Butterfield Fund Services (Bermuda) Ltd.
KEB Holdings LP C/o Conyers Dill & Pearman
KEB Investors III, LP C/o Conyers Dill & Pearman
KEB Investors IV, LP C/o Conyers Dill & Pearman
KEL Holdings C/o Bank of Bermuda Ltd
Key International Drilling Company Chevron House, Hamilton. Phone 295-1774
Kingate Management John S. Darrell Building, 99 Front Street, Hamilton. A victim of potential fraudulent activities revealed in December 2008 by Mr. Bernard L. Madoff and his investment advisory business, which potentially had a material impact on both direct and indirect investments in the Madoff funds. Suffered exposure through its Kingate Global Fund Ltd, also Bermuda-based, hedge fund with some $2.8 billion in assets. 
Kiskadee Communications (Bermuda) Ltd Formed as an exempt company in February 2003. Owned by local and non-Bermudian business interests including local legislators. Its lawyers are Apply Spurling & Hunter. it aims to launch a multi million dollar satellite to fill one of three satellite slots assigned to Bermuda in 1983 by the International Telecommunications Union (ITU). Bermudian officials at Ministry of Telecommunications and E-Commerce have declined to reveal to the Bermuda public who is behind the company. Ofcom is involved. The company is competing with the Isle of Man for such satellite coverage.
Kin Yat Holdings C/o Codan Services Ltd
Knightsbridge Tankers Incorporated in September 1996 expressly to acquire, charter sell, own and lease, as appropriate, five new at the time double hull very large crude oil tankers. Its primary business involves chartering vessels to Shell International. For more information, contact the Investor Relations officer in Hamilton, Bermuda, Kate Blankenship, at (441) 295-6935.  She is also the Corporate Secretary, according to recent filings with the SEC.
Kwoon Chung Bus Holdings C/o Codan Services Ltd
Laep Investments Private equity fund which controls the Brazilian unit of Parmalat SpA.
Lagoon Investment B  Hit by the Madoff fraud
Lagoon Investment C Hit by the Madoff fraud
Langbar International Investment company. Has been under investigation in the UK since 2005. Previously known as Crown Corp.
Lauritzen Kosan A/S  
Lazard

Multi-billion dollar Wall Street investment bank, Bermuda-incorporated. Said to be one of the few investment banks to emerge from the sub-prime mortgage meltdown unscathed. Founded as a dry goods business in New Orleans in 1848, it ranks seventh among financial advisers for announced mergers and acquisitions globally in 2009, behind larger Wall Street companies Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. and JP Morgan Chase & Co., according to data compiled by Bloomberg.

Leeds Management Services Front Street, Hamilton. A Bermuda-based hedge fund administrator. Established 1993 to provide administrative and accounting services to hedge funds. A division of the Dundee Bank, a subsidiary of Canadian asset management public company Dundee Bancorp Inc, it provides extensive domestic - in Canada - and international wealth management and financial services. 
Legacy Capital c/o Leeds Management
Lehman Brothers European Mezzanine Associates Ltd From 2003. Clarendon House, 2 Church Street, Hamilton HM 11.
Lehman Brothers European Mezzanine Associates 2002 LP From 2003. Clarendon House, 2 Church Street, Hamilton HM 11. Plus others in Lehman Brothers group locally.
Lehman Brothers European Mezzanine Associates 2003 LP From 2003. Clarendon House, 2 Church Street, Hamilton HM 11. Plus others in Lehman Brothers group locally.
Lehman Brothers Offshore Real Estates Associates Ltd C/o Conyers Dill & Pearman. Clarendon House, 2 Church Street, Hamilton
Lehman Brothers Offshore Real Estate Associates II C/o Conyers Dill & Pearman. Clarendon House, 2 Church Street, Hamilton
Leucadia National Formed in the late 1970s from distressed Talcott National. Wineries, real estate, insurance and copper mines. Headquartered in Park Avenue South, New York. On May 14, 2002 the corporation  voted to re-incorporate in Bermuda, for huge tax savings. It is a financial services holding company engaged in banking, lending and insurance.
Lexington Green P. O. Box HM 1179, Hamilton HM EX. Arranges leases and sales of US manufactured property to be used predominantly outside USA.
Liberty Mutual Management (Bermuda)  
Linmark Group C/o Codan Services Ltd
Lombard Odier Darier Hentsch (Bermuda) P. O. Box HM 2271, Hamilton HM JX. Fax 299-8796.
Lombard Odier International Trust Company (Bermuda) P. O. Box HM 2271, Hamilton HM JX. A member of the Lombard Odier Group with head office in Geneva. Fax 299-8796
Lone Star Management Company C/o Conyers Dill & Pearman
Lone Star Partners IV LP C/o Conyers Dill & Pearman
Loral Licensing Ltd  
Loral Space & Communications C/o Appleby, Spurling & Hunter.  The No. 3 US satellite maker, exited bankruptcy recently after shedding almost $3 billion in debt.
Lorraine Grace Trust 1847 Trustee is Bank of Butterfield
LRG PP (Ber) LP Formed by Lehman Brothers Offshore Real Estate Associates II
LSF4 Global Management C/o Conyers Dill & Pearman
LSF IVB Korea 1 LP C/o Conyers Dill & Pearman, by Lone Star Partners IV LP
LSF IVB Korea II LP C/o Conyers Dill & Pearman, by Lone Star Partners IV LP
Lunar PPP (Ber) LP Formed by Lehman Brothers Offshore Real Estate Associates II
Lung Kee (Bermuda) Holdings  C/o Codan Services Ltd
Luk Fook Holdings International Bank of Bermuda is registrar and transfer agent

For all listed international non-insurance companies see

International companies listed A to C International Companies listed D to L International companies M to Z

Also see Bermuda's Leading Insurance Managers

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Last Updated: September 1, 2010
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