AGP Executive Report
Last update: 12 hours agoInvestment & Tax: Premier David Burt returned from Europe after meetings with investors to promote Bermuda’s funds and fund-administration sectors, and talks with the OECD on corporate income tax. He said growth and tax revenues put the island in a position to repay debt. Tourism: The Bermuda Tourism Authority has begun work on a 2030 roadmap to guide the sector and increase its value to the island, drawing on more than 8,900 perspectives. Insurance: AM Best raised its outlook on International General Insurance to positive, citing expectations of strong performance through a softer underwriting cycle. Arch Capital agreed to buy automotive finance and insurance provider Premier Dealer Services, while RiverStone completed its first insurance-linked securities deal. Corporate Deals: Carey Olsen advised Gulf Keystone on a proposed Bermuda-law merger with ShaMaran, creating an oil producer valued at more than US$1 billion; completion is expected in 2027, subject to approvals. Financial Security: Police warned residents and businesses about scammers posing as bank agents and using remote-access software to steal funds.
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