AGP Executive Report
Last update: 2 hours agoCaptive Insurance & Risk: KPMG Bermuda marked its captive scholarship and internship programme’s first year, naming Kijali Jean-Marie as the latest recipient, while conference speakers warned that AI risk is “orphaned” and often excluded—pushing captives toward AI liability via endorsements or captive add-ons. Re/Insurance Dealmaking: Howard Hughes Holdings has completed its ~$2.1B all-cash acquisition of Bermuda specialty re/insurer Vantage Group, adding scale and analytics to a broader holding-company strategy. Maritime Insurance Leadership: Tawana Tannock told delegates how Bermuda’s regulatory framework and captive ecosystem underpin maritime liability reinsurance, including Hydra’s role in retaining expensive P&I reinsurance risk. Banking Regulation: The BMA opened consultation on new banking models and proposed much higher penalties for late regulatory filings—up to $10m—aimed at modernising Bermuda’s banking rules. Tourism & Air Connectivity: With Belize losing budget carriers, talks are underway with BermudAir to add routes into Belize from multiple US cities, while BermudAir also announced new Toronto–Turks & Caicos service continuing to Anguilla this winter. Local Business & Energy: The Bermuda National Trust unveiled a solar-panelled pergola at Waterville to cut carbon footprint while preserving its Grade 1 landmark building. Sports & Culture: Bermuda beat Belize 4-0 in a women’s friendly, and local carnival coverage highlighted a growing homegrown soca soundtrack.
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.
Perspectify News
