AGP Executive Report
Last update: 3 hours agoConsumer Protection Leadership: Aaron Crichlow has been appointed chair of Bermuda’s Consumer Affairs Board, effective Sept. 11, bringing legal expertise and community work to the regulator’s mission of tackling misleading or exploitative trading. Insurance & Reinsurance Moves: Everest Group has completed the sale of its Canadian retail insurance operation to Wawanesa, continuing its shift toward reinsurance and global wholesale/specialty. Specialty Underwriting Expansion: Banyan Risk launched Red Fox Risk, a wildfire-focused underwriting venture for non-admitted cover in California and the western US, with up to $10m primary limits. Political Violence Coverage: Mosaic expanded political violence insurance capacity into Europe via its Cologne headquarters, offering up to €100m syndicated limits. Regulatory & Governance: Bermuda’s financial regulator says it has boosted staffing and expertise, including 50 actuaries, to keep pace with a more complex market. Business Environment: The Economy and Labour Minister said Government is reconsidering import duties as it looks for ways to lower the cost of doing business, alongside housing and payroll-tax relief. Local Appointments: KPMG in Bermuda announced four senior promotions across audit and tax. Cyber & Compliance: Mike Perkins launched NorthRock Cyber-Risk & Compliance to help firms manage Bermuda’s privacy, cyber-risk and regulatory obligations.
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