AGP Executive Report
Last update: 2 hours agoTokenisation in finance: BlackRock launched its first tokenised access to European money market funds, using Ethereum-based on-chain share classes for selected BlackRock Institutional Cash Series funds covering about US$311bn across 15 markets, aiming for faster transfers and 24/7 peer-to-peer movement while keeping traditional fund records. Reinsurance capital in Bermuda: Goldman Sachs and Talcott Financial Group set up Bermuda-based West Grove Re, a reinsurance sidecar that has raised about $1bn in capital to take on a share of premiums and losses from Talcott’s US annuities book, with Goldman managing private-asset strategies. Local reinsurance operations: Agam Capital signed a multi-year services agreement to support Sompo Life Re’s new Bermuda life reinsurance platform, covering financial, actuarial and risk functions and strategic asset allocation. Public sector deadlines: Bermuda’s Department of Statistics extended the 2026 Population and Housing Census online deadline to Aug 16, urging households to complete questionnaires at census.gov.bm. Education and resilience: Bermuda College added two International Critical Incident Stress Foundation crisis training courses for fall 2026, aimed at professionals and volunteers responding to traumatic events. Insurance ratings watch: AM Best lowered Nissan Global Reinsurance’s outlook to negative (ratings affirmed), citing pressure on the Japanese parent from global conditions and US tariff policy. Maritime risk: A Bermuda-flagged LNG tanker, Gaslog Shanghai, reported an incident while exiting the Strait of Hormuz, with reports of projectile impact; the company says everyone onboard is safe and the vessel is stable.
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