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AGP Executive Report

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Reinsurance & Insurance Markets: Property-cat reinsurance rates fell 16% year-on-year at June/July renewals, the steepest drop in 25 years, as ample capacity pressures a soft market—an issue for Bermuda’s reinsurance-heavy ecosystem. Air Transport & Growth: BermudAir will become Airbus’ newest A220 operator, ordering 10 A220-300s (135 seats, three-class) to expand routes across Bermuda, the Caribbean and North America, with deliveries expected from Q4 2027. Digital Currency: Premier David Burt says Bermuda’s proposed digital Bermuda dollar would be privately issued (not a central bank digital currency), running alongside other digital assets. Regulation & Consumer Protection: The BMA warns residents about a “investment opportunity seminar” linked to unregulated UK entities, and separately cautions about payment and fraud scams. Local Policy & Cost of Living: Senators delayed a final vote on cost-of-living amendments that opponents say could enable price controls, likely pushing the decision to September. Construction Supply: Builders report a concrete block shortage driven by constrained supply chains, plant limits and storage issues, affecting major projects including Luscar Place and the Nuvem cable landing. Health Oversight: The Bermuda Health Council (Miscellaneous Amendments) Act 2026 passed, expanding pharmacy oversight—sparking criticism over complexity and the impact on smaller providers. Business & Finance: Payward/ Kraken’s xStocks partnership with GTN aims to expand tokenized equities beyond US markets into Hong Kong first, then the UK, Europe and South Korea. Legal/Professional Services: Carey Olsen and Appleby both secured strong Chambers High Net Worth rankings, with Bermuda trusts/private wealth highlighted.

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.

AGP Wire

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Jul. 22, 2026

BermudAir orders 10 Airbus A220s for growth push

AGP

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Jun. 29, 2026

BermudAir adds winter routes to Turks and Caicos, Belize and more

AGP

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Jul. 14, 2026

BermudAir expands winter Anguilla service from Toronto and key U.S. cities

AGP

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Jun. 26, 2026

Surety One launches ERISAblog.com for plan sponsors and fiduciaries

AGP


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Bermuda Run East Pedestrian Plan on track; Work anticipated to begin in October along Riverbend and Bermuda Run drives

Bermuda Run East Pedestrian Plan on track; Work anticipated to begin in October along Riverbend and Bermuda Run drives


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6 hours ago

Asia Pacific Wire & Cable Corporation Limited Announces 2026 Annual General Meeting to be held September 11, 2026 and Proposed Increase in Authorized Share Capital to Support Long-Term Strategic Growth

GlobeNewswire, Inc.

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Jul. 15, 2026

'Bermuda Declaration on Sovereign Agents' Introduced at Maryland Blockchain Week

GlobeNewswire, Inc.

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Jul. 13, 2026

DHT Holdings, Inc. Business Update

GlobeNewswire, Inc.

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Jul. 22, 2026

DHT Holdings, Inc. to announce second quarter 2026 results on Wednesday, August 5, 2026

GlobeNewswire, Inc.

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Jul. 22, 2026

Enstar Group Limited Announces Expiration and Final Results of Any And All Cash Tender Offer For Junior Subordinated Notes Due 2042

GlobeNewswire, Inc.

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Jul. 22, 2026

zerohash and Marqeta Announce Partnership to Enable Stablecoin Spending Across Global Card Networks

GlobeNewswire, Inc.

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