AGP Executive Report
Last update: 12 hours agoShipping & Markets: Monaco-based Safe Bulkers reported third-quarter revenue of $91 million, up from $73.1 million a year earlier, and net income more than doubled to $39 million. It declared a $0.09-per-share dividend. Luxury Travel: Luxury Leads said revenue rose 2.5% in the first eight months of 2026, with the UAE accounting for 47.9% of its total, up from 35.7% in 2025. The company shared the figures at its Monte Carlo conference. Insurance: Reinsurers are bracing for rate cuts of more than 10% at January renewals, with easier access to competing catastrophe models adding pressure. The outlook was discussed around Monte Carlo’s September insurance meetings. Wealth & Residency: British residents in Monaco have reached a record 3,100, nearly double the number a decade ago, according to a report highlighting the Principality’s draw for wealthy UK expatriates.
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