AGP Executive Report
Last update: 4 hours agoSchool Readiness Update: Education Minister Diallo Rabain told MPs that about 60% of the works needed for full public school readiness are either finished or underway across 27 schools, with 148 jobs complete, 212 in progress, and the remaining 250 still to be tackled—covering roofing, water intrusion, electrical/plumbing, air conditioning and ventilation, plus mould remediation. Road Safety & E-Bikes: Transport Minister Owen Darrell said e-bikes and other electrically powered vehicles are under review as part of a broader road safety push, with more updates expected after data review, enforcement planning, public education, and legislative work; a separate commentary argues Bermuda must clearly distinguish between different e-bike types, especially high-powered models that can behave like motorcycles. Bermuda Re/Insurance Impact: The Bermuda Monetary Authority says Bermuda’s re/insurers incurred about $1.34 trillion in global gross claims costs to policyholders and cedants from 2016–2025, with 2025 alone making up 19% of the decade total. On-Chain ILS Legal Title: Harneys and droppRWA announced plans to enable the first catastrophe bond with on-chain legal title by Q1 2027, aiming to fix the ownership-record gap in Bermuda’s $142B insurance-linked securities market. AI-Enabled Airport Processing: US Customs and Border Protection rolled out Enhanced Passenger Processing at L.F. Wade, using facial comparison for touchless identity checks for US citizens departing Bermuda. Local Tech & Finance Appointments: Aspida appointed Brian Lewis as CFO of Aspida Life Re in Hamilton, and domusIQ launched a Bermuda-led global risk and capital services business for commercial real estate.
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