AGP Executive Report

Last update: 10 hours ago

Reinsurance Rates & Capital Decisions: Ahead of Monte Carlo’s Rendez-Vous, analysts say property-cat pricing has softened and reinsurers are nearing a “breaking point” on how far they’ll let rates fall before walking away. Catastrophe Market Tech: Harneys and droppRWA plan the first catastrophe bond with on-chain legal title, targeting early 2027 and aiming to fix the ownership-record gap in Bermuda’s ILS ecosystem. Life Reinsurance Boom: Morningstar DBRS puts Bermuda’s life/annuity sidecar market at about $375bn in assumed liabilities, up sharply since 2021, as sidecars keep expanding beyond property-cat. Company Moves in Bermuda Re/Insurance: Aspida appoints Brian Lewis as CFO of Aspida Life Re; Conduit Re adds senior property hires; Chariot Re closes a $700m raise to expand life/annuity underwriting capacity. Local Labour & Business Continuity: The Bermuda Industrial Union says BGA/Phoenix will defer a payroll system change that could have left workers short, after talks following strike concerns. Immigration Integrity: Minister Jason Hayward says Bermuda lacks a sham-marriage definition and investigation authority, but a new policy framework will allow referrals and potential refusal or revocation of immigration benefits. Road Safety & E-bikes: A lawyer warns riders face serious consequences as e-bike speeds rise; MPs are set to debate clearer rules as the House returns. Housing Strategy: The Government outlines rehabilitation and repurposing plans to expand Bermuda’s housing stock, including progress at Chelsea, 18 Battery Road and Harmony. Education Funding: Minister Diallo Rabain reports 2026 scholarships and awards support totalling about $2.6m, plus the College Promise Program. Aviation Deal: BermudAir marks its third anniversary with a 30% fare discount for travel later this year. Markets: Bermuda Stock Exchange trading updates show Butterfield up and the BSX higher on Sept 3.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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Sep. 3, 2026

Harneys and droppRWA target tokenized catastrophe bonds in Bermuda

AGP

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Aug. 20, 2026

Mangrove marks inaugural cat bond with Bermuda Stock Exchange bell-ringing

AGP

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Aug. 11, 2026

Mangrove launches Bermuda reinsurer Grove Re

AGP

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Sep. 3, 2026

BermudAir marks 3rd anniversary with 30% fare sale

AGP


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Sep. 3, 2026

droppRWA & Harneys to Disrupt the $141 Billion Insurance-Linked Securities Market With On-Chain Legal Title

EIN Presswire

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Sep. 3, 2026

Aspida Appoints Brian Lewis as Chief Financial Officer of Aspida Re

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Sep. 1, 2026

United Community Banks, Inc. Announces Completion of Sale of Navitas Equipment Finance Business to Funds Managed by Wafra Inc.

GlobeNewswire, Inc.

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Sep. 1, 2026

ALOFT AeroArchitects Secures EASA Validation for Gogo Galileo FDX STC on Boeing Business Jet 737-700

EIN Presswire

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Aug. 20, 2026

Bermuda Stock Exchange Holds Bell-Ringing Ceremony for Buttonwood Re Ltd., Mangrove Property Ins. Co. Inaugural Cat Bond

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Aug. 20, 2026

Aegon announces Chief Financial Officer transition

GlobeNewswire, Inc.

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