Hashtag: #BF&MLimited
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
BF&M Net Income For 2011: $32.7 Million
BF&M Limited today [June 7] announced shareholders’ net income for the year ended 31st December, 2011 of $32.7 million, resulting in a return on shareholders equity of 18%. These results exceeded shareholders’ net income of $17.5 million for 2010. President & CEO, John Wight said, “Wwere satisfied with the company’s financial results.... Read more of this article
A.M. Best Comments On BF&M Acquisition
A.M. Best Co. today [Apr.5] commented that the issuer credit rating of Bermuda’s BF&M Limited [BF&M], as well as the issuer credit ratings and financial strength ratings of its insurance subsidiaries, remain unchanged following the announcement that BF&M has entered into an agreement to acquire Island Heritage Holdings Limited and... Read more of this article
Flagstone To Sell Lloyd’s Operation For $48M
Bermuda’s Flagstone Reinsurance Holdings said today [Apr.3] it will sell its Lloyd’s operations to specialty insurance business ANV Holdings BV for about $48 million in cash. Bermuda Flagstone will also release about $162 million in underwriting capital that is currently supporting the unit’s operations. Flagstone’s Lloyds segment... Read more of this article
BF&M Announces Acquisition of Island Heritage
BF&M Limited announced that it had reached an agreement to acquire Island Heritage Holdings Ltd. and its subsidiaries, including Island Heritage Insurance Company Ltd. This transaction is subject to the approval of Regulators. Island Heritage is a specialty property and casualty insurer, headquartered in Cayman with insurance operations in several... Read more of this article
