Bermuda has a highly-developed international business economy; it is an exporter of financial services, primarily insurance, reinsurance, investment funds and special purpose vehicles (SPV). Finance and international business now constitute the largest sector of Bermuda's economy, and virtually all of this business takes place within the borders of Hamilton.
Large numbers of leading international insurance companies are based in Hamilton, making it a global reinsurance centre. Those internationally owned and operated businesses that are physically based in Bermuda - of which there are around four hundred - are represented by the Association of Bermuda International Companies (ABIC). In total, over 1,500 exempted or international companies are currently registered with the Registrar of Companies in Bermuda.
The city is the registered headquarters of the spirits manufacturer Bacardi, outsourcing company Genpact, telecommunications company Global Crossing, insurance company XL Group and reinsurance company Tokio Millennium Re Ltd.. Similarly, Hamilton is known as the headquarters of many international shipping companies, such as DryShips Inc, Frontline Ltd. and Dockwise among others.
In addition, the corporate headquarters of the Bermuda grocery store chain The MarketPlace is located within the chain's Hamilton MarketPlace location, the largest grocery store in Bermuda
