AGP Executive Report
Last update: an hour agoBermuda Border Policy: The Ministry of Economy and Labour has gazetted new Bermuda Immigration and Protection entry rules, tightening visa-control for nationals of Botswana, Cyprus (Northern Part), Côte d’Ivoire, Nauru, Nicaragua, Palestine and St Lucia, while Indonesia and Taiwan are removed; affected travellers are urged to check requirements before travel. BermudAir Cargo Expansion: BermudAir will add a leased Embraer E190F freighter, becoming the first operator of the type in the Americas and only the second globally, aiming to reduce reliance on passenger belly space and major hub routing for time-sensitive air freight. Wealth Management Recognition: Bermuda has been shortlisted for Citywealth International Financial Centre Awards 2027, including International Financial Centre of the Year, with Appleby’s Claire van Overdijk KC also nominated for Lawyer of the Year—Litigation. Insurance & Ratings: AM Best affirmed Ally Insurance Group’s strong ratings (A/“a”, stable outlook), while Bermuda’s re/insurers are watching an EU push for a climate insurance alliance to close the private coverage gap for disaster losses. BSX Snapshot: Sept 18 trading saw 2,945 shares change hands and the BSX index slip 0.15% to 3,758.34, with Butterfield and Allshores both in focus. Tech in Underwriting: Mosaic launched HALO, an AI-powered digital underwriting system for specialty products aimed at the SME market. Local Business & Community: Appleby secured private equity investment from New Mountain Capital, and Gibbons Company launched “Glam Up The Bra” to raise funds for the Bermuda Cancer & Health Centre.
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