AGP Executive Report
Last update: 11 hours agoInsurance & Reinsurance Appointments: Everest Group has promoted Craig Hanrahan to global distribution and chief commercial officer, effective August 1, as it strengthens client and broker relationships. Legal Services: Cox Hallett Wilkinson adds Craig Deuchrass and Cheri Wainwright to its litigation team, boosting commercial disputes and employment law capability. Reinsurance Leadership: Arch Reinsurance has named William Soares CEO for Bermuda and Jon Schriber CEO for the US, both reporting to Arch’s Global Reinsurance Group chief Jerome Halgan. Banking Snapshot: Bermuda’s banking sector kept a strong capital ratio (26.1%) in Q1 2026, but lending fell and deposits still outpaced loans, leaving lending subdued. Policy & Compliance: Draft Beneficial Ownership Regulations 2026 and revised guidance notes have been released ahead of expected summer amendments, continuing Bermuda’s push for transparency and AML alignment. Government & Regional Trade: Premier David Burt’s CARICOM talks in Saint Lucia focused on food security, lowering import bills, cost of living and trade diversification, tied to Bermuda’s full membership agenda. Tech & Cyber: HSBC appoints Paul Shaw as CIO for Bermuda, the Channel Islands and the Isle of Man, aiming to drive technology delivery, resilience and digital capability. Community & Business Events: The City of Hamilton invites boats to register for the 2026 Christmas Boat Parade, with stipends for the first 35 entries. Local Economy & Tourism Talent: Chubb Bermuda welcomed 25 summer interns, including four in an underwriting pathway for Bermudian students. Food Supply Watch: Bermuda wholesalers are monitoring US produce risks as US farm labour shortages raise concerns about future food prices.
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