AGP Executive Report
Last update: 5 hours agoWillis Re Deal: Willis Re has agreed to buy BMS Group’s US reinsurance arm (BMS Re US), a “transformational” move aimed at accelerating Willis Re’s US expansion; the deal covers BMS Intermediaries and BMS Capital Advisory plus the US broking team, with terms undisclosed and subject to regulatory approval. Bermuda Reinsurance Ratings: AM Best affirmed Assured Guaranty Re Overseas Ltd’s A+ (Superior) financial strength and “aa” issuer credit ratings, citing strongest balance sheet strength and stable outlook. Digital Assets Regulation: STS Digital (BMA-regulated) launched cross-asset portfolio margining for eligible institutional clients, letting them use one collateral pool across spot, options and structured products. AI in Cat Modelling: Karen Clark & Co says AI could soon update re/insurance cat models in days rather than months, pushing faster risk-tool evolution. Local Business Disruption: Marginal Wharf businesses in St David’s face relocation by end-September for a planned grocery store and warehouse. Tourism & Travel: Norwegian Cruise Line will use Norwegian Gem for year-round Bermuda cruises from Philadelphia starting April 2028, and Bermuda’s Taste of Bermuda returns Oct 8–11. Infrastructure: Bermuda’s link to Google’s Canoa subsea cable is highlighted as a new southbound digital pathway into the Caribbean.
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.
Perspectify News
