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AGP Executive Report

Last update: 6 hours ago

Public Finance Update: Premier David Burt told the House Bermuda is shifting from “record” deficits to an economy that’s growing, with early projections pointing to a $169.6m surplus for 2025-26. Economic Investment Certificate (EIRC): Minister Jason Hayward outlined 2026 EIRC changes, including removing Bermuda Trust Fund donations as qualifying investments, adding a mandatory minimum BD$25,000 charity donation, stronger due diligence and an EIRC risk matrix, plus a BD$10,000 BDA fee. Digital Identity Exploration: Government is starting an exploratory process toward a digital identity framework, with an RFSQ to find experienced suppliers—without committing to implementation. Insurance & Reinsurance Deals: Talcott Financial Group closed a $6.3bn Lincoln Financial reinsurance transaction; Everest completed the sale of its Canadian retail operations to Wawanesa; Zurich completed its $10.8bn Beazley acquisition. Workforce & Education: Workforce Development opened new Bermuda College HQ to “connect the classroom to the workplace,” while legislation to create an education authority is set to be tabled. Community & Food Security: Butterfield launched “Fill the Pantry” with donations accepted until Oct 15, and the Bermuda Mental Health Foundation is pushing to reach its $50,000 goal for its Oct 10 5K walk and wellness fair. Tourism & Environment Data: New Environmental Statistics show tourism and visitor spending rising, alongside key catch data, with Covid-era impacts noted.

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.

AGP Wire

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Sep. 29, 2026

Bermuda targets superyacht growth after record season

AGP

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Sep. 28, 2026

Canvas Residential, Kelley Properties plan 141-home rental community in Bermuda Run

AGP

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Sep. 3, 2026

Harneys and droppRWA target tokenized catastrophe bonds in Bermuda

AGP

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Aug. 20, 2026

Mangrove marks inaugural cat bond with Bermuda Stock Exchange bell-ringing

AGP


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Business Moves: Everest Completes Sale of Canadian Retail Operations to Wawanesa; Arthur J. Gallagher & Co. Buys New Zealand’s Albany Insurance Services

Business Moves: Everest Completes Sale of Canadian Retail Operations to Wawanesa; Arthur J. Gallagher & Co. Buys New Zealand’s Albany Insurance Services


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Oct. 1, 2026

Axis Capital to Release Third Quarter Financial Results on October 28, 2026

GlobeNewswire, Inc.

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Oct. 1, 2026

Sompo appoints Scott Toland as Head of Commercial Lines, Insurance, Continental Europe

GlobeNewswire, Inc.

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Sep. 29, 2026

Bermuda builds on record superyacht season with 2027 growth strategy at Monaco Yacht Show

EIN Presswire

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Sep. 30, 2026

RELM INSURANCE APPOINTS ANKUR PANDYA AS SENIOR VICE PRESIDENT – FINANCIAL LINES AND CYBER

GlobeNewswire, Inc.

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Sep. 30, 2026

Alpha Longevity Management Rebrands as Alpha Growth Management (Bermuda) Ltd; Establishes Representative Office in Japan

GlobeNewswire, Inc.

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Sep. 28, 2026

Canvas Residential Partners and Kelley Properties Announce Wellstead at Kinderton Farms in Bermuda Run, North Carolina

EIN Presswire

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