AGP Executive Report

Banking Deal: Butterfield has signed an agreement to buy CIBC’s 91.7% stake in CIBC Caribbean Bank for about US$1.8 billion, creating a combined banking and wealth platform with roughly US$29 billion in assets; the deal is expected to close in the first half of 2027, subject to approvals. Legal/Advisory: Carey Olsen Bermuda acted as joint lead counsel on the transaction, highlighting the scale of cross-jurisdiction work. Telecom/Connectivity: Google’s Nuvem subsea cable has landed at Myrtle Beach, with the system set to link Portugal, the Azores, Bermuda and the United States, including a Bermuda landing station being developed by Google. Sports—Sailing: Bermuda’s Alec Cutler and Hedgehog lead the J/70 Corinthian World Championship after strong day-three racing in Mediterranean conditions. Sports—Football: PHC Zebras and Dandy Town Hornets played to a 1-1 draw in the BFA Under-23 league. Community/Religion: Nonprofit Alliance of Bermuda will screen Uncharitable on June 4, while RHMI’s 10th annual 24-hour community prayer room runs June 6. Public Safety: Police say knife possession arrests during the Bermuda Day holiday weekend add to a “serious and growing concern,” with 35 bladed-weapon arrests so far in 2026.

Crime Update: A man was injured in a shooting outside a residence in Cedar Park, Prospect, after police received reports of gunshots just after 10:30pm on May 27; he was taken to King Edward VII Memorial Hospital and police are urging anyone with CCTV or Ring footage to contact detectives or Crime Stoppers. Local Business: The Bermuda Stock Exchange saw 4,500 shares trade worth $107,100, with Allshores up 11.7% to close at $23.80. Finance & Governance: Aegon announced an agreement with its largest shareholder Vereniging Aegon and proposed US-aligned governance changes tied to a planned relocation to Delaware. Corporate Moves: Brookfield received board approval to simplify its structure under a single publicly traded company, Brookfield Corporation. Housing Pipeline: Planning applications were submitted for 48 new homes—24 units in Sandys and 24 in St George’s—under the Ministry of Housing and Municipalities. Sports & Culture: Bermudian cricketer Brianna Ray says she’s aiming to be the first woman to play Cup Match, while a new Bermuda Day identity debate continues in a fresh opinion column. Weather: Thursday is forecast sunny with showers developing later, plus a Small Craft Warning.

Bermuda Youth Recognition: The Ministry of Youth, Social Development and Seniors has extended nominations for Youth Trailblazers Out Front–2026 to June 5, inviting Bermuda’s 2026 graduating students to be recognised across categories including Academic Achievement, Leadership and Service, Community Impact, Sports, Arts and Culture, and STEM. Cricket: Bermuda umpire Precious Smith has been named to the ICC Development Panel ‘A’ Umpires list for 2026-27, a first for a Bermudian woman, with Bermuda set to host the T20 World Cup Americas Sub-Regional Qualifier next month. Education Pathways: Bermuda College and Mount Saint Vincent University have agreed a five-year articulation route for a Bachelor of Tourism and Hospitality Management, letting eligible students transfer up to 25 courses while staying in Bermuda. Weather: Thursday is expected to be sunny with showers developing later, highs near 27°C and a Small Craft Warning in effect. Sports Spotlight: David Morris set a new school and regional record in the boys 400m hurdles at the NYAIS Championships.

Insurance & Tax Credits: Allshores says it booked a $20.8m estimated gain from Bermuda’s substance-based tax credit, cutting 2025 operating expenses by 13.8%—even as its shares slid 11.3% on the BSX. Crime & Courts: A federal jury in Ohio convicted three people tied to an international email hacking scam that netted about $215m from 1,000+ victims, bringing the total to 25 convictions in the case. Public Safety: Wardens were called after two German shepherds allegedly killed two small dogs and attacked a woman and her dog on the Railway Trail near Penhurst Park. Justice & Rights: Opposition leader Robert King says Bermuda’s prison conditions should be treated as a national crisis, warning substandard living conditions could amount to human-rights violations. Sport & Community: Precious Smith was named to the ICC Development Panel for 2026-27, while a new sailing charity aims to break the financial barriers keeping local kids out of the sport. Business Watch: Safepoint is seeking up to $283.3m in a US IPO.

Crisis Insurance Push: SiriusPoint has launched a new “Crisis Solutions” line in London, appointing Paul Beattie and Ed Winter to lead war, political violence and terrorism coverage through Lloyd’s Syndicate 1945. Boardroom Moves: Palomar Holdings named Scott Beiser to its board, adding a veteran investment banking leader with decades of public-company experience. Tourism Leadership: Bermuda Tourism Authority has appointed Jan Hutton as CEO from July 1, aiming to match marketing and commercial plans to new hotel capacity and airlift growth. Crypto Ambitions: Plume’s Kimber Labs unit secured a Class M Digital Asset Business Licence, positioning it as a regulated onchain vault manager under BMA oversight. Local Care Capacity: The Bermuda Health Council is collecting property details to build a database of potential sites for residential care homes and nursing homes. Education Watch: Government has advertised the Commissioner of Education role, currently held by Kalmar Richards, while the teachers’ union continues to warn about ministerial intervention in discipline. Public Safety: Police flagged “serious growing concern” after a Bermuda Day weekend marked by knife arrests and gunshot incidents.

Police Update: Bermuda Police flagged a “serious growing concern” after the Bermuda Day weekend saw 27 arrests and a spike in bladed-article cases, with Acting Deputy Commissioner Antoine Daniels warning that carrying knives “makes everyone less safe.” Road Works: Drivers face delays on Middle Road in Devonshire as Bermuda Link trench works trigger a lane closure from 25–29 May, with traffic lights and detours via Tee Street, Montpelier Road and Flora Duffy Hill. Business & Finance: Marex shareholders have approved the firm’s move to redomicile in Bermuda, while Allshores announced a 40 cents-per-share dividend and said 11 roles will be cut later this year. Local Life: Kenni Thompson says she’s stepping away from football to find “joy and happiness,” and Bermuda’s Eco Club is back from a Bahamas trip focused on water sampling and mangrove clean-ups. Global Watch: A major ocean seabed study has arrived in Bermuda, aiming to support protections against destructive fishing by improving “blue carbon” science.

Corporate Moves: Marex Group shareholders have approved its plan to redomicile from Britain to Bermuda, with the firm aiming to simplify its structure and align its Bermuda holding setup with its Nasdaq listing. Finance & Markets: Allshores says it will pay a 40 cents-per-share dividend for Q1 2026, with the ex-dividend date June 3 and payment June 26; the BSX index stayed flat today due to Memorial Day trading gaps. Public Safety: Police flagged “serious growing concern” after a long weekend saw six knife arrests and two shots-fired incidents, with bladed-weapon arrests running higher this year than recent totals. Regulated Innovation: Plume says it has launched the first “regulated onchain vault” after receiving a Bermuda Monetary Authority licence, positioning it as a regulated alternative for accessing investment yield. Road Safety: A fresh call to action follows another road death, with the Bermuda Road Safety Council warning the island is on track for one of its deadliest years. Sports & Community: Kenni Thompson has stepped back from football, while Bermuda’s pickleball and golf scenes closed out major events and athletes head to El Salvador for NORCECA beach volleyball.

Bermuda Day momentum: The island’s holiday spirit kept rolling after the parade, with the Department of Culture publishing this year’s float winners—Prospect Preschool and Bermuda College among the top honours—plus more community galleries and video highlights. Local policing: A Pembroke rider was arrested early Saturday after officers say he resisted a stop, pulled a knife, and was later found with suspected drugs; he’s also facing charges including driving while impaired. Sports—rugby: Bermuda’s men’s team opened the Bermuda Triangle Series with a tough 54-5 loss to USA South, with Darren Richardson praising a stronger second-half response. Community—youth cricket: Youth cricket leagues kicked off across multiple age groups, with early standouts already named. Weather: Monday is expected to be sunny with cloud at times and a chance of a shower, with highs around 26°C.

Local Crime Update: Police say a man was arrested early Saturday after a traffic stop in Pembroke led to a knife being pulled from his pocket, suspected drugs found in a search, and further charges including driving while impaired; his motorcycle was also unlicensed and uninsured. Sports—Rugby: Bermuda’s men’s rugby team showed fight in an international friendly against USA South, conceding heavily in the first half but improving after the break, with captain Darren Richardson praising the second-half response. Sports—Youth Cricket: Youth cricket leagues kicked off across multiple age groups, with matches running Friday evenings and early MVP standouts already emerging. Tech Roundup: Firefox’s “Nova” redesign is confirmed, with Mozilla promising faster performance and upgraded privacy tools as the rollout approaches later this year. Bermuda Day Afterglow: Parade float winners were announced, and community tributes continued, including Project Action’s memorial for Ceola Wilson. Weather: Sunday looks mostly sunny with a possible overnight shower and a very high UV index.

Bermuda Day fallout and wins: The Department of Culture has released the float results from Hamilton’s Bermuda Day Parade, with Prospect Preschool taking Natural Heritage 1st, Bermuda College winning Art Float’s top prize and also the Premier’s Award for Best Float, plus Somersfield Academy named Reggie Ming Award winner. Police update: Officers arrested a 21-year-old after a knife was allegedly discarded during a chase from Front Street to Pitts Bay Road, with the blade recovered. Sports spotlight: Bermuda’s fitted dinghy season kicks off tomorrow in St George’s Harbour, while Tyler Smith won the Bermuda Half-Marathon Derby on Bermuda Day. Health and community: A local dialysis specialist told an international nephrology meeting in Japan that Bermuda’s home dialysis programme delivers standout quality. Weather: Sunday looks mostly sunny, high near 26°C, with a possible overnight shower and a very high UV index.

Bermuda Day wrap: Winners were announced for the Bermuda Day Parade floats and carts, with Bermuda College taking Premier’s Award for Best Float and CedarBridge Academy sweeping multiple categories, while community groups and charities picked up heritage, originality and individual honours. Police update: A 21-year-old man was arrested after officers chased a motorcycle along Front Street and Pitts Bay Road, then recovered a fixed-blade knife the rider discarded into a hedge. Health spotlight: A Bermuda home dialysis programme earned global attention after a local kidney specialist spoke at the International Society of Nephrology meeting in Japan. Sports & community: Tyler Smith won the Bermuda Half-Marathon Derby, while fitted dinghy racing kicks off tomorrow in St George’s Harbour. Weather & safety: Memorial Day weekend is quiet in the tropics, and Bermuda’s forecast calls for warm, sunny conditions with a very high UV index.

Bermuda Day buzz turns to police action: A fight broke out inside the English Market on Front Street around 5pm Friday, with one man treated for non-life-threatening injuries and another arrested; police say the parade wasn’t affected and are asking anyone with info to call 211. Tourism leadership: Bermuda has named Jan Hutton as its new CEO at the Bermuda Tourism Authority, signaling a fresh push for the next phase of travel growth. Beneficial ownership access: The Registrar of Companies has opened a consultation on “legitimate interest” access to Bermuda’s central beneficial ownership register, with a legislative and electronic framework planned by July 2026. Sports spotlight: Tyler Smith won the Bermuda Half-Marathon Derby, while para-athlete Jessica Lewis took silver in the T53 200m in Switzerland. Tech and connectivity: Google’s Nuvem subsea cable has landed in Myrtle Beach, with branches planned for Bermuda and the Azores.

Bermuda Day Sports Spotlight: Nicolas Gomez Caines and Freya Dunkle were crowned Heritage Day Junior Classic champions, with Caines winning overall in 11:06 and Dunkle taking girls’ honours in 13:14. Half-Marathon Derby: Olympian Tyler Smith powered to victory in the Bermuda Half-Marathon Derby in 1:10:49, while Maddie Durkin won the women’s race in 1:27:55. Cycling on the Holiday: Jackson Langley beat mentor Dominique Mayho to win the Sinclair Packwood Memorial Race, with Langley moving early and finishing over a minute clear. Tourism Leadership: Jan Hutton has been named CEO of the Bermuda Tourism Authority, starting July 1. Public Safety Push: Road-safety groups are urging vigilance over the holiday weekend after Bermuda recorded multiple road deaths earlier this year. Regional Crime Cooperation: CARICOM IMPACS and the CBLA Crime Stoppers Foundation signed an MoU to strengthen anonymous reporting and regional crime prevention.

Bermuda Day security and road focus: Police in Pembroke are investigating after gunshots were reported on Berkeley Road around 10pm, with a firearm discharged at the scene and a section of the road closed while officers processed evidence; anyone with info is urged to call 211. Holiday safety push: The Bermuda Road Safety Council is urging drivers to be vigilant as Bermuda records three road deaths in separate incidents so far this year, warning of zero tolerance for intoxication over the holiday. Tourism leadership: Bermuda Tourism Authority has named Jan Hutton as its next CEO, starting July 1, as the island looks to build on new hotel development and airlift. Local environment watch: Residents are being told not to harass a rare four-foot Atlantic sturgeon spotted near the South Shore after videos circulated of it being pulled from the water. Business/finance: Prismic Life has completed a $1.9bn capital raise, topping its $1.6bn target, boosting capacity for long-term reinsurance.

Bermuda Day on the move: Bus routes and road access are being reshuffled for tomorrow’s Bermuda Day races and parade, with King Street set to run two-way for buses to reach the Hamilton terminal during the morning detours, while some routes are cancelled or rerouted. Tourism leadership: The Bermuda Tourism Authority has named Jan Hutton as its new CEO, starting July 1, as the island looks to build on hotel growth and expanded airlift. Public safety push: The Bermuda Road Safety Council is urging drivers to avoid impaired driving ahead of the holiday weekend. Environment watch: The public has been warned not to harass a rare four-foot Atlantic sturgeon spotted near Bermuda’s South Shore after videos circulated online. Tech and culture: A new Bermuda-built weather app, Squalls, launches using Bermuda Weather Service data, and SailGP confirms Bermuda will host the league again in 2027.

Court & Safety: Dwyer Booth, 36, who was seen outside a child’s bathroom window, has been sentenced to two years’ probation, with 100 hours’ community service, no further offences, and “empathy-building” programmes. Police Accountability: Police have admitted the arrest of justice campaigner Eron Hill was “unreasonable” after he sued for damages, following his later acquittal. Local Government: Rae Nelson has been appointed mayor of Bermuda Run, effective immediately, after Mike Brannon’s resignation. Tourism Leadership: Jan Hutton is set to become the new Chief Executive of the Bermuda Tourism Authority from July 1. Bermuda Day Watch: Police are running sobriety checkpoints over the holiday weekend, while transport planners issue road-closure and bus detour updates for May 22 events. Investigations: Police are still probing a suspicious boat fire near Barr’s Bay Park on March 30. Business & Finance: HSBC Bermuda announced board changes, and Plume secured a Bermuda digital asset business licence for regulated on-chain vault management.