AGP Executive Report
Last update: an hour agoAffordable Housing: The House of Assembly approved Bermuda’s Affordable Housing Strategy 2025-35 after a four-hour debate, targeting 950 to 1,350 new homes by 2035 and citing early site progress. Digital Government: Government is exploring a digital identity framework, with an RFSQ due Monday to map legal and governance considerations—no decision to implement yet. Competition & Cost of Living: Deloitte has been appointed to assess how a proposed Competition Act could cut costs for households and improve market rules, with a report expected by end of October. Public Finance: Premier David Burt told MPs preliminary 2025/26 projections point to a $169.6m budget surplus, with revenue and tax collections above original estimates. Insurance & Ratings: AM Best affirmed Enact Re’s A- financial strength rating and stable outlook. Reinsurance Deal: Talcott Financial Group completed a $6.3bn run-off reinsurance transaction with Lincoln Financial. Customs Update: A new Customs Traveller Declaration (Form 98) takes effect Oct 1, adding precious metals and stones declaration rules above BD$10,000. Business & Community: Luscar Place hit a topping-out milestone as it nears July completion, while the BMA held its Community Day with 230+ staff volunteering.
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