Accenture

n/a

Bermuda ("ab Initio")

2001

over $1 billion in total federal contracts

consultant; spinoff of Arthur Andersen

APW (spun off from Applied Power/ Actuant)

Bermuda

2000

enclosures for electronic systems; clients include Cisco, IBM, Nokia and Sun Microsystems

Carnival Corporation

Miami, FL

Panama

1974

"We believe that substantially all of our income, with the exception of our U.S. source income from the transportation, hotel and tour businesses of Tours, is exempt from U.S. federal income taxes." 10-K

Travel Cruises

Cooper Industries

Houston, TX

Bermuda

2002

$55 million/yr

63 contracts, including contracts with the Navy, Dept. of Interior, Dept. of Defense and General Services Administration

tools, hardware, electical products (lighting)

Everest Reinsurance

Bermuda

2000

Property/casualty reinsurance

Foster Wheeler

Clinton, NJ

Bermuda

May 2001

424 contracts worth over $600 million

builds industrial plants, incinerators, electrical power projects

Fruit of the Loom

Cayman Islands

1998

Underwear maker

Global Crossing

Madison, NJ

Bermuda

1997

(now bankrupt)

Contracts with the Army, Navy, and State Dept.

GlobalSantaFe

Houston, TX

Cayman Islands

1997

Offshore drilling contractor

Helen of Troy

Texas

Bermuda

1993

Sells licensed personal care productsd: Vidal Sassoon, Revlon, and own brands: WICO, Karina, Helen of Troy. Foot massagers (Dr. Scholl's Carel, Hotspa) and hair products

Ingersoll-Rand

Woodcliff Lake, NJ

Bermuda

Dec. 2001

$40 million/yr; $60 million in 2002

271 contracts with the Navy, Army, Dept. of Energy, Air Force, Dept. of Treasury, General Services Administration

Tools, locks and security systems, industrial equipment

Mcdermott

Panama

1983

(now bankrupt)

subsea oil and gas faciltiies; nuke plant equipment

Nabors Industries

Houston, TX

Bermuda (proposed)

June 2002

Largest, Dept. of Interior

Drilling contractors/ oil servicer

Noble Drilling

Sugar Land, TX

Cayman Islands

April 2002

down to 15% in 2002

Drilling services

Playstar

Antigua

1998

Internet gambling/cyber-casino

PwC Consulting/Monday

n/a

Bermuda (via Luxembourg)

March 2002

$760 million woth of government contracts

Accounting/ Consultants

PXRE Group Ltd.

n/a

Bermuda

1999

Reinsurer

R & B Falcon

Cayman Islands

2000 (announced)

World's largest fleet of marine-based drilling rigs

Seagate Technology, Inc.

Scotts Valley, CA

Cayman Islands

2000

Makes computer storage drives, disk and tape drives.

Seven Seas Petroleum

Houston/Toronto, Canada

Cayman Islands

March 2001

Oil exploration and drilling, primarily in Colombia

Stanley Works

New Britain, CT

Bermuda (proposed)

$30 million/yr

100 contracts, with the Dept. of Transportation, Health and Human Services, Dept. of State, Dept. of Defense, and General Service Administration

Brands: Bostitch, Jensen, Husky, Stanley, and Vidmar

TransOcean

Houston, TX

Cayman Islands

1999

Deepwater drilling contrator.

Trenwick

Bermuda

2000

Trenwick reinsurance.

Triton Energy

Dallas, TX

Cayman Islands

1996

International oil and gas production company.

Tyco International

Exeter, NH

Bermuda

1997

$400 million in 2001 alone

108th largest: over $1 billion, including terrorist emergency response

Electrical connectors, printed circuit boards, security systems,healthcare products (bandages, crutches); financial services through CIT group

Veritas DGC

Houston, TX

Cayman Islands

May 2002 (announced)

Weatherford International (oil services)

Houston, TX

Bermuda (proposed)

June 2002

Contracts with NASA

White Mountain Insurance

Bermuda

1999

Reinsurance (Folksamerica)

Willbros Group

Houston, TX

Panama

?

Oil pipeline contruction

Xoma (XOMA)

Bermuda

Jan. 1999

Drug developer, works with Baxter International