Our comprehensive assessment of Bermuda's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Bermuda, as well as the latest industry developments that could impact Bermuda's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Bermuda before your competitors.
Bermuda Country Risk
We believe that rising gold production, a gradually improving tourism sector, and stronger private consumption growth will drive robust real GDP growth rates in the Dominican Republic in the coming years.
We expect Puerto Rico to remain in a recession through fiscal year 2015 amid high unemployment and weak investment, and see a high likelihood of debt restructuring by the commonwealth's electric power authority (PREPA) this year.
We expect the Cuban economy to accelerate in the coming years, on the back of the government's drive to attract greater levels of investment, and on continued expansion of the consumer sector. This will help to offset weakness in the export sector, and rising demand for imports.
Major Forecast Changes:
Bermuda Industry Coverage (2)
BMI View : As of early 2015, the latest newsflow from Bermuda's insurance sector confirms the long-standing picture of an innovative and resilient industry. The main challenges remain the trend towards consolidation and the soft market. Softness in pricing is due in part to the relative absence of natural catastrophe losses through 2014 and the abundance of capital - which is in part due to the availability of alternative capital from pension funds. Nevertheless, most of the leading insurers achieved good results through the first nine months of 2014.
As of early 2015, the latest newsflow from Bermuda's insurance sector remains positive. Most of the leading insurers have reported growth in premiums written through the first three quarters of 2014. Most have also achieved significant increases in earnings. They have typically been helped by the comparative absence of...