AGP Executive Report
Last update: 10 hours agoDigital Finance & Policy: Premier David Burt says Bermuda’s “digital version” of the Bermuda dollar will be driven by the private sector, with legislation expected to go before the House of Assembly next month, building on long-running links with Wyoming regulators. Air Connectivity & Tourism: BermudAir will launch the New York area’s first nonstop to South Caicos from Newark on Dec. 20, with twice-weekly flights (Sundays/Thursdays) through April 25, 2027, priced from $347 one way, after a Salterra-led push. Re/Insurance & Capital Markets: AM Best reports Bermuda remains the top offshore domicile for life reinsurance, though it lost some market share in 2025 as Cayman gained via US sidecars; Fitch also flags strong H1’26 Bermuda re/insurer results as cat losses eased, even as pricing pressure persists. Insurance-linked Securities: Mangrove’s Buttonwood Re cat bond rings the bell at the Bermuda Stock Exchange, marking Mangrove’s debut ILS issuance. BMA Registrations: The BMA registered seven new insurers in July, including multiple classes and two collateralized insurers. Health System Funding: Six months after budget money aimed at easing hospital overcrowding, officials still haven’t confirmed how the step-down and long-term care portion will be spent. Community & Social Support: Bermuda College hosts a World Suicide Prevention Day workshop on Sept. 10 to reduce stigma and train frontline responders; separate scholarship news sees Kymani Thomas awarded a $15,000 Ted Crawford Scholarship for HVAC at Bermuda College. Local Business & Governance: Bermuda Land Management Corporation rejects claims of sudden tenant eviction at Marginal Wharf, saying tenants were warned from the start. Marine Conservation: Fishing closures remain in place in “grouper boxes” until Dec. 1 to protect black grouper during spawning.
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.