AGP Executive Report
Last update: 10 hours agoTourism & Connectivity: BermudAir has launched nonstop Orlando Sanford flights, adding another Central Florida link for visitors and residents. Insurance Oversight: The BMA has published asset-and-liability disclosures for commercial long-term insurers for the first time. New guidance for insurers using segregated accounts takes effect in January 2027. Reinsurance: Fortitude Re completed a $3.8 billion long-term-care deal with Unum, transferring the portfolio’s insurance risks to a global reinsurer. Company Results: IGI’s third-quarter profit fell 16.4% to $28 million as premiums and underwriting income declined. Butterfield shares also fell on the BSX and NYSE. Business Infrastructure: Digicel’s planned copper-network shutdown could affect alarms, payment terminals and other commercial equipment; 38% of business customers still use copper, and regulatory safeguards remain under review.
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