AGP Executive Report
Last update: 2 hours agoInsurance Market: Bermuda is heading into 2027 with record property insurance capacity of more than $2.8 billion, as new carriers intensify competition, WTW says. Bermudian-based Pacific Life Re has also entered the US longevity market with a $3 billion pension-risk deal. Financial Oversight: The BMA warned that Custody Life Bermuda falsely claims to be licensed; the company is not registered to conduct insurance business in Bermuda. Public Finances: Government projects a $170 million surplus, while Bermuda’s fund net assets have risen to $342 billion. Business Growth: BEDC has welcomed 13 businesses into its incubator, offering mentorship, workspace and professional support.**
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