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AGP Executive Report

Last update: 5 hours ago

Digital Finance Policy: Premier David Burt says Cabinet has approved next-phase legislation to let Bermuda accept stablecoin payments and manage certain public financial assets in digital form, updating the Public Treasury Administration and Payments Act and Public Funds Act to clarify authority and controls. Banking Deal: Butterfield has agreed to acquire CIBC’s controlling stake in CIBC Caribbean in a US$1.79b (US$1.8b) transaction, creating a regional banking group with about US$29b in assets; the deal is expected to close in the first half of 2027, subject to approvals. Regulator Appointments: The Bermuda Monetary Authority named Mesheiah Keane as COO and Shanna Lespere’s team expanded to support a more technology-led supervisory approach. Ratings & Risk: AM Best affirmed Allied World’s Bermuda-linked ratings (A+ FSR and aa- ICR) with a stable outlook, citing strong balance sheet strength and operating performance. Tax Scrutiny: A New York Times report claims US multinationals used low-tax jurisdictions including Bermuda to avoid at least US$40b in income taxes; Bermuda’s Finance Ministry pushed back, saying Bermuda’s 2025 corporate income tax is OECD-compliant. Local Housing Delivery: Minister Zane DeSilva says more than $110m will fund 229 residential units over about 18 months, with BLMC and BHC coordinating delivery. Capital Markets: ShaMaran Petroleum completed its continuance to Bermuda; shares are expected to trade on Euronext Growth Oslo from June 5 under ticker SNM. Transport & Business Ops: Bermuda Airport Authority’s 2023-24 annual report highlights increased air connections and the launch/expansion of BermudAir. Markets Watch: Bermuda Stock Exchange trading was inactive on May 29, with the Royal Gazette/BSX Index unchanged at 3,540.87. Community & Events: Skyport is inviting local food vendors for its October 6 Safety & Wellness Expo, and the weekly shipping schedule lists multiple cruise and cargo arrivals starting May 30.

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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May 26, 2026

Elbo Room launches YouTube docuseries on the Bermuda Triangle

EIN Presswire

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May 15, 2026

Marilyn Suey takes women’s wealth message to Bermuda retreat

EIN Presswire

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May 14, 2026

Global reinsurance market seen reaching $1.14 trillion by 2033

EIN Presswire

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May 29, 2026

PadsPass CEO to speak at Caribbean Week NY on pet-friendly travel

EIN Presswire


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“….these developments reinforce Bermuda’s position as a trusted, well-regulated, and internationally respected centre for digital finance and innovation.”

“….these developments reinforce Bermuda’s position as a trusted, well-regulated, and internationally respected centre for digital finance and innovation.”

CG Zest Wellness launches corporate wellness programme in Barbados

CG Zest Wellness launches corporate wellness programme in Barbados


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May 28, 2026

IPC and 24X National Exchange Partner to Deliver Market Data Connectivity for Overnight U.S. Equities Trading

GlobeNewswire, Inc.

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May 26, 2026

SiriusPoint Strengthens London Market Specialty Division with Launch of Crisis Solutions Platform and Senior Appointments

GlobeNewswire, Inc.

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May 26, 2026

Elbo Room Launches YouTube Docuseries on Bermuda Triangle Origins and Flight 19

EIN Presswire

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May 15, 2026

Financial Educator Marilyn Suey Expands Global Reach for Women’s Wealth, Financial Education, and Longevity Planning

EIN Presswire

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May 18, 2026

zerohash Receives EMI License from Dutch Central Bank, Strengthening Stablecoin Payment Capabilities Across the European Economic Area

GlobeNewswire, Inc.

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May 14, 2026

Reinsurance Market to Reach US$ 1,140 Billion by 2033, Growing at 8.9% CAGR Amid Rising Climate Risks

EIN Presswire

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