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AGP Executive Report

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Digital Assets & Banking: Circle, the USDC stablecoin issuer licensed in Bermuda, has secured final US OCC approval to create Circle National Trust, a federally regulated national trust bank—an important step that could deepen Bermuda’s ties to the island’s push toward an on-chain economy. Electricity Rates & Solar Equity: Belco’s electricity rate “unbundling” is rolling out with clearer generation vs grid charges, but critics warn the higher facilities charge for rooftop solar may not be truly cost-reflective. Social Policy & Pensions: MPs approved a September pension increase of 1.74% tied to inflation, with workers and employers facing higher CPF contributions to fund the change. Workforce Development: The Workforce Development Department says it helped 170 Bermudian students and interns this summer, alongside ongoing upgrades to the Bermuda Job Connect platform. Insurance & Ratings: Triangle Life received a preliminary AM Best credit assessment, while AM Best affirmed ratings for BNY Trade Insurance and The Hamilton Insurance Corp. Local Business & Housing: Bermuda’s Bermudiana Beach Residences units are said to be fully rented, including discounted rates for returning Bermudians. CARICOM: Bermuda’s Premier E. David Burt attended the CARICOM Heads of Government meeting in Saint Lucia, as Martinique officially joined CARICOM as the seventh associate member. Shipping: The Marine & Ports Services weekly schedule lists arrivals for major cruise and container vessels starting July 11.

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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Jun. 29, 2026

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

AGP

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Jun. 26, 2026

Surety One launches ERISAblog.com for plan sponsors and fiduciaries

AGP

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Jun. 18, 2026

Spartan launches two rep firms on Rep Order Management

AGP

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Jun. 12, 2026

Best, Periodt. lands organic pads and liners in CVS

AGP


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AM Best affirms ratings of BNY Trade Insurance and The Hamilton Insurance Corp

AM Best affirms ratings of BNY Trade Insurance and The Hamilton Insurance Corp

Bermuda, an exotic mystery

Bermuda, an exotic mystery

Flora Of Bermuda back in front on the Knavesmire

Flora Of Bermuda back in front on the Knavesmire


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Jul. 6, 2026

AXIS Capital to Release Second Quarter Financial Results on July 28, 2026

GlobeNewswire, Inc.

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Jul. 1, 2026

Marex redomiciliation to Bermuda: Scheme becomes effective

GlobeNewswire, Inc.

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Jun. 29, 2026

Empower Sierra Leone Foundation Expands International Economic Development Initiatives Across West Africa and the Caribbean

GlobeNewswire, Inc.

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Jun. 25, 2026

zerohash Expands Consumer Digital Asset Functionality with Launch of Staking Infrastructure for Financial Institutions

GlobeNewswire, Inc.

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Jun. 12, 2026

United Community Banks, Inc. Announces Agreement to Sell Equipment Finance Business, Consisting of Navitas Credit Corp. and NLFC Reinsurance Corp., to Funds Managed by Wafra Inc.

GlobeNewswire, Inc.

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Jul. 10, 2026

Columbus Circle Capital Corp. III and Cohen & Company Inc. Announce Completion of $230,000,000 Initial Public Offering

GlobeNewswire, Inc.

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