Willis Re Bermuda Leadership: Willis Re has appointed John Fletcher as CEO of Willis Re Bermuda, effective immediately, tasking him with leading the Bermuda platform and driving growth after more than five years as CEO of the island at Guy Carpenter. Captive Insurance Governance: Regulators at Captive Review USA said new captive proposals will be judged on governance, board expertise and a clear business purpose—starting with why the risk is being placed in a captive and whether capital and pricing margins fit. Bermuda’s Digital Infrastructure: Government welcomed the landing of Google’s Nuvem and Sol subsea cable systems at Annie’s Bay, positioning Bermuda as a transatlantic digital hub and citing benefits for resilience, innovation and future jobs. Bermuda Economy Snapshot: Q4 2025 data shows economic expansion for a second straight quarter, with employment income up 6.5% but fewer businesses registered. Tax and Company Counts: Exempt company numbers fell below 10,000 for the first time in years, dropping alongside the start of Bermuda’s corporate income tax. Insurance Market Moves: Bermuda added three insurers in May, bringing 2026 registrations to 27, including new Class E and Class C entities. Local Planning Decision: A change-of-use plan for Bermudiana Beach Residences was refused over parking and density, with an appeal option remaining. Consumer Protection: Government warned of rising online rental scams using stolen listings and pressuring victims for deposits and personal data. Aquarium 100 Campaign: The Bermuda Zoological Society and Government launched Aquarium 100, starting redevelopment work tied to environmental education and conservation. Banyan Risk Product Launch: Banyan Risk introduced a Healthcare Professional Liability line in Bermuda and named Kim Morgan as Lead Underwriter, Healthcare. Corporate Finance: Fortitude Re completed a second FABN issuance, pricing $500m of 5.50% notes due 2031. Bermuda Stock Exchange: BSX trading was light and flat, with Butterfield shares unchanged at $57.