AGP Executive Report
Last update: 5 hours agoInsurance: Brookfield’s Bermuda-based insurance arm helped drive a 14% rise in third-quarter earnings per share. The group plans to bring it under a new Bermuda-incorporated parent on December 1. Arch Capital named former Principal Financial chief executive Daniel Houston as board chairman, while Bermuda-based Pinion won approval to acquire Catlin Specialty Insurance. Digital Finance: Coinbase says more than 60 local businesses and 1,000 residents have joined its wallet and USDC initiative. Bermuda-regulated STS Digital is adding tokenised stocks, commodities and currencies to its trading platform. Market Moves: FWD Private secured a world record with a $318 million life insurance policy issued in Bermuda. The Bermuda Monetary Authority licensed one new captive in October. Metals company OM Holdings, meanwhile, will move its domicile from Bermuda to Singapore on November 18. Tourism: Third-quarter air arrivals rose 9.2% and cruise visitors 15.4% year over year. Air visitor spending reached $361.7 million in the first nine months, up 3.8%.
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