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AGP Executive Report

Last update: 11 hours ago

Pensions Update: Bermuda MPs approved a Contributory Pensions increase for seniors starting September, lifting benefits by 1.74% based on inflation from Sept 2024 to Aug 2025, with workers and employers adding 4.25% to contributions. Electricity Rates & Solar: Belco’s “unbundling” of electricity charges takes effect from August 1, separating generation from transmission and distribution; officials say it’s about transparency and fair cost allocation, while solar providers warn rooftop customers will “feel the real weight” and argue facilities charges may not reflect grid impact. Workforce & Youth Employment: The Workforce Development Department says it helped more than 170 Bermudian students and interns this summer, and highlighted the Bermuda Job Connect platform’s early traction. Family Preservation Programme: The Minister updated the House on Family Preservation Tier II, expanding high-frequency community intervention for families assessed at elevated risk of abuse or neglect. Insurance & Ratings: Triangle Life received a preliminary AM Best assessment, and AM Best affirmed ratings for BNY Trade Insurance and The Hamilton Insurance Corp. Digital Finance (Circle): Circle secured final OCC approval to create Circle National Trust, a federally supervised national trust bank for digital asset custody—an OCC milestone that also sparked volatility in CRCL shares. Local Business: Working On It launched to help small vendors accept payments with lower friction and weekly payouts. Tourism & Events: Hilton Boston Park Plaza is partnering with the Spirit of Bermuda and Goslings Rum during Sail Boston, while Windstar Cruises promoted “More Reasons to Say Yes” for 2027 sailings. Markets: Bermuda Stock Exchange trading was light on July 10, with the BSX edging up.

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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Jun. 29, 2026

BermudAir adds winter routes to Turks and Caicos, Belize and more

AGP

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Jun. 26, 2026

Surety One launches ERISAblog.com for plan sponsors and fiduciaries

AGP

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Jun. 18, 2026

Spartan launches two rep firms on Rep Order Management

AGP

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Jun. 12, 2026

Best, Periodt. lands organic pads and liners in CVS

AGP


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AM Best affirms ratings of BNY Trade Insurance and The Hamilton Insurance Corp

AM Best affirms ratings of BNY Trade Insurance and The Hamilton Insurance Corp

Bermuda, an exotic mystery

Bermuda, an exotic mystery

Flora Of Bermuda back in front on the Knavesmire

Flora Of Bermuda back in front on the Knavesmire


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Jul. 6, 2026

AXIS Capital to Release Second Quarter Financial Results on July 28, 2026

GlobeNewswire, Inc.

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Jul. 1, 2026

Marex redomiciliation to Bermuda: Scheme becomes effective

GlobeNewswire, Inc.

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Jun. 29, 2026

Empower Sierra Leone Foundation Expands International Economic Development Initiatives Across West Africa and the Caribbean

GlobeNewswire, Inc.

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Jun. 25, 2026

zerohash Expands Consumer Digital Asset Functionality with Launch of Staking Infrastructure for Financial Institutions

GlobeNewswire, Inc.

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Jul. 10, 2026

Columbus Circle Capital Corp. III and Cohen & Company Inc. Announce Completion of $230,000,000 Initial Public Offering

GlobeNewswire, Inc.

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Jun. 12, 2026

United Community Banks, Inc. Announces Agreement to Sell Equipment Finance Business, Consisting of Navitas Credit Corp. and NLFC Reinsurance Corp., to Funds Managed by Wafra Inc.

GlobeNewswire, Inc.

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