AGP Executive Report
Last update: an hour agoDigital Finance & FinTech Policy: Premier David Burt says Cabinet has approved updates to Bermuda’s digital finance laws, including modernising the FinTech Development Fund and amending public finance rules so digital assets can be accepted and managed with proper controls. Onchain Licensing: Kimber Labs’ Bermuda arm, KDAB, has been granted a Class M Digital Asset Business Licence by the BMA, positioning Plume’s onchain vault model under Bermuda’s DABA framework. Banking Deal: Butterfield has agreed to acquire CIBC’s 91.7% stake in CIBC Caribbean Bank in a US$1.794bn deal, creating a roughly US$29bn banking and wealth platform across the Caribbean and international centres. Housing Pipeline: Plans are moving on multiple fronts, with the Affordable Housing Programme set to deliver 229 units in the initial phase and separate planning applications for 48 new homes. Local Food Supply: Minister Diallo Rabain launched the “Grow Local” online facilitation tool to connect landowners with farmers and boost Bermuda’s local crop production. BMA Leadership: The BMA appointed Keane as COO and Collier as CTO to support its technology transformation and supervisory resilience push. Insurance & Captives: Martisus joins Conner Strong & Buckelew as national captive leader, adding 22+ years’ experience across major captive domiciles including Bermuda.
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