AGP Executive Report
Last update: 11 hours agoReinsurance Deal: Fortitude Re has signed a $3.8b long-term care reinsurance transaction with Unum, with Unum recapturing a LTC block and Fortitude Re retroceding 100% of the risks to a global partner, leaving it with spread-based risk. Labour & Policy: Bermuda’s Director of Labour Gabrielle Cann and Bermuda Trade Union Congress president Dean Smith represented the island at the International Labour Conference in Geneva, where a new standard for work in the platform economy was adopted. Local Governance Notices: Government and legal notices include acting appointments in the Ministry of Economy and Labour and cancellation of registration for Oaktown Re VI Ltd. Tourism Update: Bermuda’s tourism recovery continues: 29,426 stayover visitors in Q1 2026, up 6.4% year-on-year, driven by new air service and hotel investment. Education Funding: Chubb Charitable Foundation Bermuda’s $200,000 grant has upgraded Bermuda College technical programmes in motor vehicle, plumbing, electrical wiring and HVAC. Business Calendar: AXIS Capital set its Q2 results release for July 28 and a follow-up investor call. Legal/Crime: A Warwick man, Kadeem Abraham, received a suspended sentence after stealing $48,492.50 in goods and falsifying records to obtain $45,876.35. Industry People Moves: Walkers promoted 14 lawyers to partner in its 2026 promotions round.
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.
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