AGP Executive Report
Last update: 37 minutes agoInsurance Leadership: WTW promoted Kisha Tyrrell to lead its Bermuda captive and insurance management business, drawing on more than 18 years of industry experience. Market Growth: Bermuda registered four insurers in October, bringing year-to-date totals to 46 insurers and nine intermediaries. Newcomer Mariner Re, backed by a $750 million TIAA investment, will support Symetra’s annuity business. Global Reinsurance: Samsung Fire agreed to raise its Canopius stake to 80.6%, taking control of the specialty insurer, which operates a Class 4 reinsurer in Bermuda. Business Services: Bermuda’s first dedicated dispute resolution centre has opened in Hamilton, with plans to administer cases under its own arbitration rules from early 2027. Economic Policy: The Government forecast a $520 million budget surplus and announced payroll-tax cuts and investment plans. Employer Rules: Employment law changes now restrict disciplinary action or dismissal while staff are on authorised leave or off duty, with limited exceptions.
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