AGP Executive Report
Last update: an hour agoCaptive Insurance Outlook: Bermuda’s captive market is leaning into a careful balancing act—tightening governance and transparency while protecting the regulatory flexibility that keeps it competitive—according to Captive Review’s Bermuda-focused coverage, with AM Best commentary highlighting the importance of Solvency II equivalency for multinational owners. Strategic Risk Shift: Panel discussions also stress that captives are moving beyond traditional property and casualty to support enterprise needs like cyber, climate, and other emerging risks, with Bermuda’s dense ecosystem of expertise seen as a key advantage. Bermuda Business Leadership: Bermuda Hospitals Board has named Craig Bridgewater interim CFO, tasking him with stabilising finances after Arthur Ebbin’s long tenure ended, with a permanent recruitment process to follow. Public Finance & Energy Policy: The Senate passed the Electricity Amendment Act 2026, aiming to improve affordability and giving the Minister a limited public-interest power to pause and reset planning if it drifts from elected policy. BSX & Corporate Moves: Allshores announced a tender offer to return up to $20m to eligible shareholders via buying up to 689,655 shares at BMD$29 each, while the BSX saw no trades on June 19 and the index held at 3,690.51. Crypto Compliance Warning: A report on stablecoin freezes says legitimate users can lose access without wrongdoing, including in cases where compliance systems misfire—an issue Bermuda’s privacy-focused compliance firm has been discussing. Local Governance & Courts: A senior magistrate warned that threats to court officers and prosecutors are happening daily, raising concerns for public safety and the justice system’s “gatekeepers.”
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