AGP Executive Report
Last update: 13 minutes agoCaptive Insurance: Conner Strong & Buckelew strengthens its captive practice by appointing Derek Martisus as partner, alternative risk and national captive leader, adding 22+ years’ experience across major US captive domiciles plus Cayman and Bermuda. Bermuda Captive Conference: The Bermuda Captive Conference opens in Hamilton (1–3 June) with expectations of 530+ delegates, 65 speakers and a focus on “Unlocking Markets. Commanding Risk,” as Bermuda remains a global captives hub with 630+ companies and $34bn in gross written premium (end-2024 figures). Public Finance & Health Policy: Finance Minister/Premier David Burt defends Bermuda’s sugar tax in the House, arguing revenue and health impacts are tied to global price movements and the tax’s role in reducing non-communicable disease risk. Banking Deal: Carey Olsen advises Butterfield on its $1.8bn acquisition of CIBC Caribbean’s 91.7% stake, creating a regional banking and wealth platform with about $29bn in assets, with deal close targeted for H1 2027. Corporate Moves to Bermuda: Trafigura wins a $92m arbitration award tied to a Zambian copper mine dispute and says it is considering redomiciling a key holding company to Bermuda; ShaMaran also completes its continuance from Canada to Bermuda ahead of an Oslo listing. Digital Finance & Markets: 24X expands its overnight US equities push via a partnership with IPC Systems to distribute market data for SEC-approved 23-hour trading. Energy & People: Government launches “Grow Local” to boost domestic food supply, while the Department of Energy bursary programme awards two $25,000 scholarships plus paid internships to future Bermudian energy professionals.
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