Hashtag: #BF&MLimited
BF&M: ‘We Continue To Do Well’
Bermuda’s BF&M Insurance Group has emerged from a difficult year, with the cost of its reinsurance coverage going up even while the firm’s clients are opting for cheaper policies given the current economic downturn . But BF&M, which operates primarily in Bermuda but also in Barbados, the Bahamas and the Cayman Islands, believes... Read more of this article
BF&M Adds Talend ESB To Portfolio
Talend, the California- and French-headquartered open source software manufacturer, today [Dec.15] announced that Bermuda insurance group BF&M has added Talend ESB Enterprise Edition to its portfolio of Talend integration solutions. BF&M Insurance Group, one of the leading insurance companies in Bermuda, provides property/casualty insurance,... Read more of this article
BF&M ‘Satisfied With Financial Results’
Bermuda’s BF&M Limited today [Nov.17] announced net earnings for the 9 month period ended September 30, 2011 of $16,688,016, resulting in a return on shareholders equity of 12%. These results compared with net earnings of $16,899,331 for the comparable nine month period in 2010. President & CEO, John Wight stated that “we were satisfied... Read more of this article
Sixteen Month Sentence For Insurance Fraud
The 37-year-old Sri Lankan accountant and ex-HWP employee, Ms Chandima Gangula Arachige, who was convicted five counts of defrauding BF&M Insurance Co Ltd of a total $76,297 and of attempts to fraudulently obtain another $13,000 from BF&M; was this morning [Sept.21] sentenced to a total of sixteen months in prison. Before passing sentence,... Read more of this article
Woman Pleads Guilty: Insurance Fraud
In Magistrates Court this morning [Sept.19], 37-year-old Sri Lankan national Ms Chandima Gangula Arachchige pleaded guilty to a charge of defrauding BF&M Insurance of $7,884. At the time of the offence, on 20 August 2010, Ms Gangula Arachchige was employed by the HWP group of companies. She had submitted a request for re-payment of medical expenses... Read more of this article
BF&M Net Earnings: $11.4 Million
BF&M Limited today announced net earnings for the 6 month period ended 30th June 2011 of $11,352,382, resulting in a return on shareholders equity of 12%. These results compared with net earnings of $10,707,811 for the comparable 6 month period in 2010. President & CEO, John Wight stated that “we were satisfied overall with the company’s... Read more of this article
A.M. Best Affirms Ratings of BF&M Limited
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings of “a” of BF&M Life Insurance Company Limited and BF&M General Insurance Company Limited. A.M. Best also has affirmed the ICR of “bbb” of BF&M Limited. The outlook for all ratings is stable. All companies are domiciled in Hamilton,... Read more of this article
BF&M Announce 2011 Q1 Earnings: $5.7 Million
BF&M Limited today [June 23] announced net earnings for the 3 month period ended 31st March 2011 of $5,698,673, resulting in a return on shareholders equity of 10%. These results compared with net earnings of $5,916,313 for the comparable 3 month period in 2010. President & CEO, John Wight stated that “we were satisfied overall with the company’s... Read more of this article
BF&M’s Profits Slip In ‘Weakened Economy’
BF&M Limited today [May 19] announced net earnings for the year ended December 31, 2010 of $17.3 million, resulting in a return on shareholder’s equity of 10 percent which president and CEO John Wight said “represented a decrease from 2009 results of $19.6 million”. Mr. Wight added that “2010 proved to be a challenging year for Bermuda... Read more of this article
BF&M Announce Earnings of $16 Million
BF&M Limited today [Nov 18] announced net earnings for the nine month period ended 30th September 2010 of $16,899,331, a 3% increase over the comparative period in 2009 of $16,373,408. These earnings represented a 12% return on shareholders equity. John Wight [pictured], President & CEO of BF&M stated that “We were overall pleased... Read more of this article
BF&M: Earnings of $5.9 Million for 2010 1st Quarter
BF&M Limited today [May 25] announced net earnings for the 3 month period ended March 31, 2010 of $5,916,313, resulting in a return on shareholders equity of 14%. John Wight, CEO, said that the results were largely due to investments, and that higher health claims impacted the business. These results compared with net earnings of $888,614 for... Read more of this article
BIU Meeting Report: Insurance Premiums
Last night’s BIU organized meeting about health insurance premium raises was attended by about 80 people including Union members, non-union workers, self-employed persons, and business owners. On the panel were; BIU President Chris Furbert, Ed Ball of the BPSU, Gerald Simons of Argus Insurance, John Wight of BF&M Insurance, and Kathy Landy and... Read more of this article
