AGP Executive Report

Last update: 2 hours ago

Insurance & capital markets: Mangrove Property Insurance Company marked the listing of its inaugural cat bond, Buttonwood Re Ltd., with a bell-ringing ceremony at the Bermuda Stock Exchange, underscoring Bermuda’s role as a global hub for insurance-linked securities. Regulatory updates: The BMA registered seven new insurers in July, including multiple Class 1/2/3A/E and collateralised vehicles, plus one intermediary. Reinsurance dealflow: Willis Re agreed to buy BMS Group’s US reinsurance arm (BMS Re US), a move aimed at accelerating Willis Re’s US expansion; separately, AM Best said Bermuda remains dominant in offshore life reinsurance even as Cayman gained share via US sidecars. Banking M&A: Butterfield completed initial regulatory filings for its $1.8bn CIBC Caribbean acquisition and still targets first-half 2027 closing. Digital assets: STS Digital launched cross-asset portfolio margining for qualifying institutional clients across its OTC digital asset trading business. Public policy & health: Questions persist over how a $55m hospital overcrowding support package will be spent, as Bermuda’s health system struggles with emergency and step-down capacity. Local business & community: Bermuda Land Management Corporation rebutted claims of sudden eviction at Marginal Wharf, while Bermuda College is set to host a suicide prevention workshop on Sept. 10. Tourism & transport: BermudAir will add twice-weekly nonstop flights from Newark to South Caicos starting Dec. 20, and Norwegian Cruise Line will expand Bermuda sailings from Philadelphia using Norwegian Gem from April 2028.

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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Aug. 11, 2026

Mangrove launches Bermuda reinsurer Grove Re

AGP

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Aug. 17, 2026

Ray Dalio named Grand Marshal of Columbus Day Parade

AGP

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Jul. 22, 2026

BermudAir orders 10 Airbus A220s for growth push

AGP

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Aug. 1, 2026

TTW ranks Mexico No. 1 in 2026 Americas and Caribbean beach list

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Congressman Addison McDowell spotlights local businesses and criticizes sanctuary city policies

Congressman Addison McDowell spotlights local businesses and criticizes sanctuary city policies

Bermuda Run reviews speeding, traffic calming; Council plans to explore taking action in Kinderton ‘pretty quickly’

Bermuda Run reviews speeding, traffic calming; Council plans to explore taking action in Kinderton ‘pretty quickly’


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5 hours ago

Bermuda Stock Exchange Holds Bell-Ringing Ceremony for Buttonwood Re Ltd., Mangrove Property Ins. Co. Inaugural Cat Bond

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16 hours ago

Aegon announces Chief Financial Officer transition

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TEN Ltd. Announces Date for the Second Quarter and Six Months 2026 Results, Conference Call and Webcast

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Emmy-Winning Claude Carmichael Releases Solo Album 'Tennessee Hill'

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8 hours ago

Brookfield Infrastructure to Issue $100 Million of Preferred Units

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9 hours ago

BermudAir Expands New Turks and Caicos Service with New York Area’s First Nonstop to South Caicos

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