AGP Executive Report
Last update: 20 minutes agoCybersecurity in Bermuda: Mike Perkins has launched NorthRock Cyber-Risk & Compliance Limited to help local firms assess defences, run penetration tests, and manage privacy, cyber-risk and regulatory compliance as the National Cybersecurity Unit tracks 200+ breaches and 100+ vulnerabilities. Tokenisation push: AsiaStrategy signed a non-binding MoU with Plume Network to explore a joint venture for structuring, issuing and distributing tokenised financial products across Asia using Plume’s infrastructure and AsiaStrategy’s distribution reach. Wildfire underwriting: Banyan Risk launched Red Fox Risk, a new MGA venture offering up to $10m non-admitted primary limits for wildfire-exposed commercial and high-value homes in California and the western US, backed by Lloyd’s capacity. Regulatory milestone: ABIR marks 10 years of Bermuda’s full Solvency II equivalence, arguing it should be treated as an ongoing relationship supporting European access to risk-bearing capacity. Deep-ocean science: Bermuda’s offshore observatory captured how hurricanes can drive reef sand and nutrients deep into the ocean, helping trap carbon. Banking modernisation: The BMA is considering new banking models, including digital asset banks, to better serve Bermuda’s evolving tech and financial needs. Education & AI: Bermuda College and Dalhousie signed an electrical engineering articulation agreement, while a Bermudian barrister is using AI to fight AI via an app that flags high-risk wording for suspected AI writing.
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