AGP Executive Report
Last update: 2 hours agoInsurance: Bermuda-based bitcoin life insurer Meanwhile raised $37.5 million, bringing its funding past $180 million as it expands policies for wealthy clients overseas. Tourism: Visitor spending and hotel performance are improving: air visitor spending reached $204.6 million in the first half, up 7.9% year over year, while leisure visits rose about 12%. The Fairmont Southampton’s full reopening is now expected in 2027. Investment: Mid Ocean Club shareholders backed major golf-course restoration and clubhouse renovations, with 61% of shares represented voting in favour. Business growth: BEDC and Brava are teaming up on workshops, networking and cybersecurity support for small businesses. A November summit will also connect local entrepreneurs with investors and fundraising expertise. Economy: Bermuda’s funds sector reported net assets of $342 billion, while the Government projected a $170 million surplus.
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