Cyber & Specialty Reinsurance: IGI has launched Bermuda-based Cipher Underwriting, a cyber-focused treaty reinsurance MGA led by Ari Chatterjee, with operations pending BMA approvals. Insurance Leadership: Vantage Group named Tim Nunziata head of cyber insurance and global product strategy, as it continues building its cyber portfolio. Digital Assets Regulation: Luno secured a Class F Digital Asset Business licence from the BMA to expand institutional and B2B crypto services beyond its core Africa and Asia-Pacific markets. Cost of Living Policy: Government defended its Cost of Living Commission Amendment (No 2) Bill, arguing it brings “fairness and transparency” on supply-chain costs, while the Bermuda Chamber says the bill risks misfiring and calls for “credibility, not compulsion.” Labour & Cashflow: Wholesale employees at BDC2000 are considering a strike after a payroll change would shift pay to arrears, potentially leaving staff short for weeks. Governance & Finance Scrutiny: A trustee has pledged to investigate complaints about how $20m for a Bahamian education trust was used to finance Bermuda’s Carmichael Village affordable housing project. Re/Insurance Market Snapshot: AM Best says US and Bermuda reinsurers notched a fifth straight year of underwriting profitability despite a softer market, and ABIR reports Bermuda gross premiums hit a record $197.5bn in 2025. Local Business & Community: The Government is seeking a contractor to paint Gibbs’ Hill Lighthouse, and Snowy’s reopened at 33 Cedar Avenue after relocating from Wesley Square.