Hashtag: #BF&MLimited
BF&M’s Emergency Roadside Assistance
BF&M will begin offering 24/7 roadside assistance for its motor clients, with their services set to include towing services, battery jumps, fuel top-ups, flat tire assistance and lock-out assistance. BF&M CEO John Wight said, “BF&M is pleased to be the first domestic insurer in Bermuda to offer this valuable service to its clients. We... Read more of this article
Lawrie Boosts Stake In BF&M To 34.75%
In a filing, dated 01 October, 2013, with the Bermuda Stock Exchange, BF&M Limited announced that Lawrie (Bermuda) Limited [LBL] increased its shareholding in the Company from 24.56% to 34.75%. In share transactions initiated between 20 & 25 September, 2013, LBL purchased a total of 871,333 Company common shares. Related Stories BF&M... Read more of this article
BF&M Post Earnings of $10.2M For Q2 2013
BF&M Limited today [Sept 17] announced shareholders’ net income for the six month period ended 30 June, 2013, of $10.2 million, resulting in an annualized return on shareholders’ equity of 10%. Shareholders’ net income for the comparative six month period of 2012 was $12.2 million. President & CEO, John Wight stated that “Financial results... Read more of this article
BF&M Limited Now Exempt From 60/40 Rule
In a filing to the Bermuda Stock Exchange today [July 22] BF&M Limited confirmed that, effective 22 July 2013, the company is no longer subject to the 60/40 rule. The letter stated: “Further to our letter to you dated 1st July, 2013 informing you of our notification to the Minister of Economic Development pursuant to Section 113(8) of the... Read more of this article
BF&M Recognised For 10 Years Of Accreditation
Management Solutions Ltd. recognised BF&M Limited for 10 years of continuous Investors in People Accreditation. Originally assessed and accredited in 2002 by Investors in People International, BF&M has continued to achieve successful reaccreditation every three years. In 2011 they were awarded Investors in People Gold Award, the highest accreditation... Read more of this article
BF&M Staff Volunteer With Habitat Bermuda
On Tuesday [July 2] 27 BF&M employees rolled up their sleeves and volunteered with Habitat Bermuda to refurbish a west end home. Habitat Bermuda, an affiliate of Habitat for Humanity, focuses on engaging the community in a collaborative process to build or renovate homes for families in need. BF&M CEO John Wight said, “BF&M is proud to... Read more of this article
BF&M Limited to Seek Relief From 60/40 Rule
In a filing to the Bermuda Stock Exchange, BF&M Limited gave notice of the Company’s intent, effective 22 July, 2013, to seek relief from the 60/40 rule. In a letter to the Minister of Economic Development Dr Grant Gibbons, the Company stated: “BF&M Limited, whose registered office is at 112 Pitts Bay Road, Hamilton, HM 08, hereby gives... Read more of this article
BF&M Announces Earnings Of $4.4 Million
BF&M Limited today [June 27] announced shareholders’ net income for the three month period ended March 31, 2013 of $4.4 million, resulting in an annualized return on shareholders’ equity of 8%. Shareholders’ net income for the comparative three month period of 2012 was $4.5 million. President & CEO, John Wight [pictured] stated that “financial... Read more of this article
Freisenbruch-Meyer To Cease Health Insurance
Local insurance company Freisenbruch-Meyer will cease offering individual and group health insurance, citing challenges that “are uniquely specific to healthcare.” A statement from the Company said, “Freisenbruch-Meyer Insurance Services, Ltd. [FMIS] regrets to announce that due to what is undoubtedly the most challenging health insurance... Read more of this article
BF&M Announces Net Income Of $21.5 Million
BF&M Limited today [Apr 30] announced shareholders’ net income for the year ended 31st December 2012 of $21.5 million, resulting in a return on shareholders’ equity of 10.7%. President & CEO, John Wight [pictured] stated that “we were pleased with the fundamental operating performance of the companies in the BF&M Group against the... Read more of this article
BF&M Ltd Nine Month Earnings: $13.7 Million
BF&M Limited today [Dec 6] announced shareholders’ net income for the nine month period ended 30th September 2012 of $13.7 million, resulting in an annualized return on shareholders’ equity of 9.7%. Shareholders’ net income for the comparative nine month period of 2011 was $16.7 million. President & CEO, John Wight [pictured] stated... Read more of this article
BF&M’s 2012 Second Quarter Financial Results
BF&M Limited today [Sept 20] announced shareholders’ net income for the six month period ended 30th June 2012 of $12.2 million, resulting in an annualized return on shareholders’ equity of 12%. Shareholders’ net income for the comparative six month period of 2011 was $11.4 million. President & CEO, John Wight stated that “we were pleased... Read more of this article
Digicel, BF&M Launch $9.99 P/M Phone Insurance
Digicel has partnered with BF&M to provide phone insurance to its customers. The service costs $9.99 per month and allows customers who have purchased a device from Digicel to insure the device against theft, damage or accidental loss. It is available both for new purchases and to customers who already have phones they would like to insure. “We... Read more of this article
BF&M Announces Earnings Of $4.5 Million
BF&M Limited today [July 24] announced shareholders’ net income for the three month period ended 31st March 2012 of $4.5 million, resulting in an annualized return on shareholders’ equity of 9%. Shareholders’ net income for the comparative three month period of 2011 was $5.7 million. President & CEO, John Wight [pictured] stated that “Financial... Read more of this article
PLP Calls For Apology, OBA Says There Is No Need
The Progressive Labour Party called on One Bermuda Alliance Leader Craig Cannonier to publicly apologize for Senator Michael Dunkley’s comments about GEHI Dental Coverage, while the Opposition Leader said there was “no need to apologize.” On Sunday [July 8] Michael Dunkley said, “Dental insurance coverage for Government employees... Read more of this article
Three People Charged With Defrauding BF&M
In Magistrates Court this morning [July 9] three Filipino nationals pleaded not guilty to a series of charges of defrauding BF&M Insurance Co Ltd of approximately $75,000. The slew of charges covered the period April 2011 to March 2012. Camille Canillas Orteza, 25, pleaded not guilty to eleven charges of obtaining money and attempting to money.... Read more of this article
