AGP Executive Report
Last update: 2 hours agoFifa World Cup rights showdown: Bermuda Football Association is joining an “emergency” Concacaf meeting after Fifa president Gianni Infantino moved to sell 30% of World Cup commercial rights to private investors, with European federations voting to boycott Fifa competitions and Concacaf nations now weighing their response. Insurance earnings watch: Bermudian reinsurer PartnerRe reported $447m net income for the first half of 2026, while Everest posted $559m Q2 net income as underwriting discipline and capital management offset softer premium trends. Bermuda energy policy: The Ministry of Home Affairs finalised the National Electricity Sector Policy 2026 to guide the sector to 2045, with affordability and cost-testing at the centre of the plan. Work permits for actuaries: Bermuda extended its Actuary Work Permit Policy to July 31, 2027, keeping fast processing for qualified actuarial hires. Reinsurance market shift: Conduit Holdings said it is “inching” toward margin over growth as it reins in property exposure amid rapid price declines. Local business & risk: BELCO warned of a fraudulent email urging customers to download a fake “Supervision APP.” Crypto and fintech: Banyan Risk launched a digital assets and emerging risks MGA line in Bermuda, while Bitget Wallet rolled out an asset-backed cashback card turning purchases into Bitcoin, gold, or tokenised stocks. Markets: Bermuda Stock Exchange trading showed Allshores up 3.3% on July 29.
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.
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