AGP Executive Report
Last update: 9 hours agoInsurance: AM Best affirmed Micronesia’s Marble Re an A- (Excellent) rating with a stable outlook. The captive insurer’s premiums grew moderately in the year to March, supported by its core business and new third-party coverage. Climate Finance: ADB and the Green Climate Fund launched a program to mobilize more than $1 billion across 14 Pacific economies, including $250 million in approved grants, to protect roads, water and power systems from climate damage. Fisheries: FISH4ACP’s work in the Marshall Islands is helping mechanize tuna unloading, train workers and bring more catch ashore to create local jobs and income. MIMRA chief Glen Joseph will lead the Parties to the Nauru Agreement Office from Jan. 1. Tourism: Four Seasons has added M-Dock, a waterfront restaurant and lounge in Koror, pairing Pacific seafood with Mediterranean-style dining for residents and visitors.
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