AGP Executive Report
Last update: 2 hours agoReinsurance Leadership Shake-Up: Willis Re has named Neil Eckert as its next CEO, tapping the Conduit Re cofounder to lead global broking and advisory strategy after his March 2027 exit from Conduit. Corporate Appointments: Conduit simultaneously confirmed Christian Dunleavy will succeed Eckert as CEO and join the board as an executive director on March 1, 2027, continuing a major Bermuda market leadership transition. AI in Insurance: Mosaic launched an in-house AI Lab, moving beyond pilots with forward-deployed engineers embedded with underwriting, claims, finance and operations to deploy AI into day-to-day use. Lloyd’s Expansion: Cedar Trace Underwriting secured in-principle approval for a new $300m Lloyd’s syndicate for 2027, expanding its Bermuda platform into the Lloyd’s market via Asta managing agency services. Cybersecurity Warning: Bermuda’s Chief Information Cybersecurity Officer said at least 200 breaches are affecting the island and warned how everyday actions like opening texts and reusing passwords can cascade into wider compromise. Local Business & Jobs: Fairmont Southampton opened applications for 500+ roles across nine departments as it advances its phased reopening and renovation. Housing Support: Government ministries and HOME signed an MOU to support Astor House, a transitional living programme for adult men reintegrating after incarceration. Natural Resources Study: A new study highlights why Bermuda’s lobster catch has declined and how North Atlantic conditions affect young lobster survival, aiming to improve long-term fishery management. Legal Proceedings: A trial jury heard 57 identifiable fingerprints were found on drug-laced heat-sealed bags in a case involving alleged cannabis importation. Sports & Community: BEDC’s Sports Club Business Planning Incubator graduated four clubs with $5,000 grants to strengthen governance and long-term sustainability.
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