AGP Executive Report
Last update: 14 minutes agoCybercrime: Police say online scams have cost Bermudians more than $10 million this year, including over $1.8 million taken from seven local businesses in just two weeks. Police and bankers are stepping up public warnings. Reinsurance: RiverStone completed a $1.6 billion QBE loss-portfolio transfer and struck its first deal involving insurance-linked securities. Vantage launched a facultative reinsurance business, while Miller named Peter Stubbings CEO of Reinsurance. Trade Costs: A US suspension of shipping fees that could raise the cost of imports is due to expire November 9; the US is considering a two-month extension. Bermuda Container Line has warned the charges could severely threaten its operations. Digital Economy: Home Affairs Minister Alexa Lightbourne is promoting Bermuda’s role in global connectivity at AFROTECH, including Google’s subsea cable projects. A separate WalletConnect partnership plans a digital-payment rollout for Bermuda ticketing in 2027.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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