AGP Executive Report
Last update: 7 hours agoLife Reinsurance Under US Scrutiny: US Treasury Secretary Scott Bessent met with NAIC regulators to discuss Bermuda’s fast-growing life and annuity reinsurance exposure to private credit—highlighting concerns about liquidity and how private-equity-linked groups manage assets. Small Business Push: Global Atlantic Re Foundation and BEDC are offering five grants of up to $25,000 via the Wave of Opportunity Pitch Competition during Global Entrepreneurship Week, with bootcamp support and a People’s Choice award. Caricom Labour Strategy: Home Affairs Minister Alexa Lightbourne says deeper Caricom ties are meant to fill hard-to-staff roles via the “Caricom marketplace,” not open borders. Assured Guaranty Expands: Assured Guaranty is leaning harder into annuity reinsurance and alternative investments after a softer first quarter, with Warwick Re now part of the push. SailGP Returns: Bermuda hosts the Rolex SailGP Championship this weekend on the Great Sound, with the title race tightening and Emirates GBR and BONDS Flying Roos both in focus. Local Watch: Montpelier renovation partner bids are open, and Bermuda’s weekly shipping schedule lists multiple cruise and cargo arrivals starting May 9.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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