AGP Executive Report
Last update: 2 hours agoInsurance ratings: AM Best affirmed QBE’s A (Excellent) financial strength and a+ long-term issuer ratings for key Bermuda-linked subsidiaries, with a stable outlook, while also revising Nissan Global Reinsurance’s outlooks to negative from stable after pressure tied to global conditions and US tariff policy. Bermuda policy & labour: The Ministry of Home Affairs defended the Cost of Living Amendment (No 2) Act 2026 as focused on transparency and pricing controls for essentials, but retailers warned of major impacts on the supermarket sector as a third reading is pushed to September. Work permits: The Actuary Work Permit Policy was extended to July 31, 2027, aiming to keep processing timely for qualified actuarial professionals supporting Bermuda’s insurance and reinsurance ecosystem. Digital assets insurance: Banyan Risk launched a new Bermuda Digital Assets & Emerging Risks product, offering D&O, professional liability and crime coverage for exchanges, custodians, fintechs and other crypto-adjacent businesses, backed by Lloyd’s capacity including QBE Syndicate 1886. Shipping & geopolitics: A Bermuda-flagged LNG tanker, GasLog Shanghai LNG, was struck by a missile near Oman, with no casualties reported, as attacks and disruptions continue around the Strait of Hormuz. Business community: BILTIR held its inaugural charity pickleball tournament, raising support for the Bermuda Mental Health Foundation and the Carter Center.
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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