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AM Best Affirms “A” Ratings Of BF&M

AM Best Affirms “A” Ratings Of BF&M

BF&M Limited announced today that AM Best has affirmed the financial strength rating of A [Excellent] of BF&M Life Insurance Company Limited [BF&M Life], BF&M General Insurance Company Limited [BF&M General] and Island Heritage Insurance Company, Ltd. [Island Heritage]. The outlook of each of these ratings is stable. The outlook... Read more of this article

BF&M Commits $28K To Diabetes Pilot Project

BF&M Commits $28K To Diabetes Pilot Project

BF&M Limited has committed $28,000 to fund an on-island pilot project designed to assist in the prevention, treatment, and rehabilitation for those living with diabetic foot disease. A spokesperson said, “BF&M Limited [BF&M] is pleased to be partnering with the Bermuda Diabetes Association and Bermuda Limb Care Ltd. by funding an on-... Read more of this article

BF&M Share Repurchases For September 2020

BF&M Share Repurchases For September 2020

In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited advised that pursuant to its share repurchase programme, during the month of September 2020 the company has not repurchased any shares. Related StoriesBF&M ‘No Limits’ Sailing Programme Goes Virtual Project Action’s Bus Back On The Road Photos... Read more of this article

BF&M To Close On Monday Due Hurricane Teddy

BF&M To Close On Monday Due Hurricane Teddy

BF&M Limited announced that its offices will be closed on Monday [Sept 21] due to Hurricane Teddy. A spokesperson said, “BF&M wishes to inform customers that its offices will be closed on Monday, 21 September due to Hurricane Teddy. Please take all necessary precautions to prepare at this time. Updates about our reopening will be issued... Read more of this article

BF&M Offices Closed On Monday Due To Storm

BF&M Offices Closed On Monday Due To Storm

BF&M Limited announced that is offices will be closed on Monday [Sept 14] due to Tropical Storm Paulette. A spokesperson said, “BF&M wishes to inform customers that its offices will be closed on Monday, 14 September due to Paulette. Please take all necessary precautions to prepare at this time. Updates about our reopening will be issued in... Read more of this article

BF&M Reports Half Year Earnings Of $10.4M

BF&M Reports Half Year Earnings Of $10.4M

BF&M Limited today reported shareholders’ net income for the six months ended 30th June, 2020, of $10.4 million. Shareholders’ net income for the comparative six month period of 2019 was $11.4 million. Group Chairman and CEO John Wight stated: “We were able to report strong operating results for the first half of 2020. Both our Property &... Read more of this article

BF&M Sells Share Barbados-Based Company

BF&M Sells Share Barbados-Based Company

In a filing with the Bermuda Stock Exchange [BSX], BF&M announced the sale of its share in the Barbados-based Insurance Corporation of Barbados Limited The full filing stated: “BF&M Limited [BF&M] and Paynes Bay Finance Inc. [PBF] jointly announced today that BF&M has sold its 51% share in the Barbados-based Insurance Corporation... Read more of this article

BF&M Supports Community Feeding Programme

BF&M Supports Community Feeding Programme

In response to an appeal made by Huckleberry Restaurant and Christ Church, BF&M Limited furthered its community support efforts in response to the Covid-19 crisis through a recent donation made in the amount of $5,000 to support their Community Feeding Programme. Huckleberry’s is preparing 1,000 meals a week which are being distributed by Christ... Read more of this article

BF&M Continuation: Share BuyBack Programme

BF&M Continuation: Share BuyBack Programme

BF&M Limited announced the continuation of its repurchase programme, approved at a meeting on April 8, 2016 by the Board of BF&M Limited, for a further twelve months. “The share buyback programme enables BF&M to repurchase, at its discretion, up to 241,425 Common Shares at market prices on the Bermuda Stock Exchange,” the BSX... Read more of this article

BF&M Limited Reports Net Loss Of $2.2 Million

BF&M Limited Reports Net Loss Of $2.2 Million

In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited  announced shareholders’ net loss for the three months ended 31st March, 2020, of $2.2 million. The full filing stated: ”BF&M Limited [BF&M] today reported shareholders’ net loss for the three months ended 31st March, 2020, of $2.2 million. Shareholders’ net income... Read more of this article

BF&M Limited Announces Board Changes

BF&M Limited Announces Board Changes

In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited announced Board changes. The full filing stated: “BF&M Limited [BF&M] today announced the appointments of Mrs. Jennifer Reynolds and Mr. Andrew Lo to the BF&M Limited Board of Directors. “Jennifer Reynolds has over 20 years of experience in the financial service... Read more of this article

BF&M ‘No Limits’ Sailing Programme Goes Virtual

BF&M ‘No Limits’ Sailing Programme Goes Virtual

In response to the current Covid-19 pandemic, the BF&M ‘No Limits’ Sailing Programme has shifted to virtual learning. A spokesperson said, “Endeavour Community Sailing, a non-profit dedicated to engaging youth from diverse backgrounds across Bermuda in hands-on, experiential learning through sailing has shifted in response to the... Read more of this article

BF&M Share Repurchases For March 2020

BF&M Share Repurchases For March 2020

In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited advised that pursuant to its share repurchase programme, during the month of March 2020 the company repurchased 27,800 common shares at an average price of $17.72. The Company advised the repurchased shares were reserved for issuance. Related StoriesBF&M... Read more of this article