AGP Executive Report
Last update: 11 hours agoSenior Protection Under Fire: OBA MP Robin Tucker says reports of senior abuse in Bermuda have doubled from 100 (2023-24) to 211 (2025-26), arguing the Government’s delayed Office of the Public Guardian is leaving seniors without oversight and timely help. LGBTQ+ Community Support: Fortitude Re donated $20,000 to OutBermuda via its Fortitude Re 4 Good programme, backing education and advocacy and supporting Bermuda Pride. Reinsurance Dealmaking: Sompo International agreed to acquire US workers’ comp specialist Service Insurance Companies, while Fortitude Re signed a $3.8b long-term care reinsurance deal with Unum. Underwriting Leadership Moves: MS Reinsurance appointed Lisa Butera as CUO North America and Lucas Castagnino as CUO Latin America and Caribbean, effective Aug 1. Alternative Risk Transfer Watch: S&P says Bermudian re/insurers are increasingly using sidecars for casualty risks, with casualty sidecars now about 10% of total sidecar capacity. Business & Economy Notes: Bermuda Stock Exchange reported no trades on July 6; MAS proposed a protected cell company framework to lower costs in alternative risk transfer. Local Life & Services: A new Drift GastroBar opened at St George’s Club Hotel, and a mobile pet grooming van launched in Bermuda.
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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