AGP Executive Report
Last update: an hour agoDigital Assets: Coinbase has named Bermudian Jeff Baron head of its Bermuda operation, where he will lead strategy and regulatory engagement. Separately, Premier David Burt’s delegation promoted Bermuda’s digital-asset framework to US regulators in Washington. Payments: Bermuda-based Powertranz and Mastercard are rolling out pay-at-the-table payments for restaurants in Trinidad and Tobago and Barbados. Reinsurance: Constellation Re Bermuda completed its first transaction and received an ‘A’ rating from Fitch; AM Best also revised Sura Re’s outlook to positive. SageSure’s investment in Bermuda ILS manager Pillar adds to activity in the sector. Regulatory Fallout: 777 Partners co-founder Josh Wander pleaded guilty to fraud involving at least $500 million. Bermuda’s regulator had intervened at affiliated reinsurer 777 Re over governance, risk and capital concerns; the reinsurer stopped insurance business in 2024. Regional Finance: Sagicor Group Jamaica shareholders will vote on a proposed reorganisation bringing Caribbean operations under one holding company, with plans to raise US$120 million in 2027. Jobs & Growth: Recent coverage highlighted fewer Bermudians in work in 2025, while a blue-economy proposal points to visitor spending and marine tourism as opportunities—if staffing, approvals and infrastructure constraints are addressed.
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