The colony's economic mainstays are international financial services, especially insurance and reinsurance, and tourism. Fine beaches, an excellent climate, and picturesque sites have made Bermuda a fashionable and popular year-round resort. Semitropical produce, sales of fuel to aircraft and ships, and the reexport of pharmaceuticals also contribute to the economy. Most capital equipment and food is imported. Bermuda is divided into nine parishes and two municipalities. The British monarch, represented by a governor, is titular head of state. Bermuda is led by a premier and has a bicameral parliament with an appointed 11-member Senate and an elected 36-member House of Assembly.
About 55% of Bermuda's inhabitants are of African ancestry, descended from slaves brought to the islands during the 18th cent.; there is also a sizable population of British descent. English is spoken. The main religions are the Anglican, Roman Catholic, African Methodist Episcopal, and other Christian churches.