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AGP Executive Report

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BMA Stablecoin Rules: The Bermuda Monetary Authority has launched a consultation on stablecoin guidance for Bermuda captives and other regulated insurance/ILS and fund structures, proposing a cap of stablecoin exposure at 25% of statutory capital and surplus for limited-purpose insurers; feedback is due by 30 September 2026. Insurance Register Update: The BMA also confirmed seven new insurer registrations in June, including Annapurna Re (collateralised), two restricted SPIs, one Class C long-term insurer, and three agents—bringing year-to-date registered insurers to 31. Vantage Leadership Transition: Howard Hughes’ acquisition of Vantage is now reflected in governance changes: Marc Grandisson named executive chairman and David Gansberg appointed CEO designate, with AM Best affirming Vantage’s ratings unchanged. Warwick Seniors Housing: A planning application would turn a Warwick site near Camp Hill into a seniors community with 27 residential units plus on-site care services and amenities. City of Hamilton Finances: The Corporation of Hamilton reported record 2025 revenue of $28.2m and an operating surplus, citing strong goods wharfage and parking fees. Cup Match Logistics: Journi has been appointed official transport partner for Cup Match, adding on-site booking and a seven-day driver trial to boost licensed taxi availability. Cost of Living Oversight: A Cost of Living Commission Amendment Bill would require written notice before certain essential price increases, expanding the public price database and strengthening enforcement powers. Digital Connectivity: Google’s new Nuvem transatlantic subsea cable lands in Portugal with branches to Bermuda, reinforcing the island’s role in cloud and AI infrastructure routes.

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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Jul. 14, 2026

BermudAir expands winter Anguilla service from Toronto and key U.S. cities

AGP

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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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Bermuda confirms seven new insurer registrations in June

Bermuda confirms seven new insurer registrations in June

BMA consults on stablecoin guidance for Bermuda captive insurers

BMA consults on stablecoin guidance for Bermuda captive insurers

BERMUDA-FINANCE-Government tables legislation to strengthen price transparency and cost of living oversight

BERMUDA-FINANCE-Government tables legislation to strengthen price transparency and cost of living oversight


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Jul. 15, 2026

'Bermuda Declaration on Sovereign Agents' Introduced at Maryland Blockchain Week

GlobeNewswire, Inc.

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Jul. 13, 2026

DHT Holdings, Inc. Business Update

GlobeNewswire, Inc.

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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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