Insurance & capital markets: Mangrove Property Insurance Company marked the listing of its inaugural cat bond, Buttonwood Re Ltd., with a bell-ringing ceremony at the Bermuda Stock Exchange, underscoring Bermuda’s role as a global hub for insurance-linked securities. Regulatory updates: The BMA registered seven new insurers in July, including multiple Class 1/2/3A/E and collateralised vehicles, plus one intermediary. Reinsurance dealflow: Willis Re agreed to buy BMS Group’s US reinsurance arm (BMS Re US), a move aimed at accelerating Willis Re’s US expansion; separately, AM Best said Bermuda remains dominant in offshore life reinsurance even as Cayman gained share via US sidecars. Banking M&A: Butterfield completed initial regulatory filings for its $1.8bn CIBC Caribbean acquisition and still targets first-half 2027 closing. Digital assets: STS Digital launched cross-asset portfolio margining for qualifying institutional clients across its OTC digital asset trading business. Public policy & health: Questions persist over how a $55m hospital overcrowding support package will be spent, as Bermuda’s health system struggles with emergency and step-down capacity. Local business & community: Bermuda Land Management Corporation rebutted claims of sudden eviction at Marginal Wharf, while Bermuda College is set to host a suicide prevention workshop on Sept. 10. Tourism & transport: BermudAir will add twice-weekly nonstop flights from Newark to South Caicos starting Dec. 20, and Norwegian Cruise Line will expand Bermuda sailings from Philadelphia using Norwegian Gem from April 2028.