Hashtag: #BF&MLimited
Etteleon Burchall Earns BF&M Scholarship
Etteleon Burchall has been selected as the recipient of the 2023 BF&M Post Graduate John Wight Scholarship. A spokesperson said, “The scholarship will support her pursuit of a Master of Science degree in Global Health Policy at the University of London. “Etteleon Burchall’s academic journey has been marked by determination, resilience,... Read more of this article
BF&M Reports Net Income Of $13.9 Million
BF&M Limited today reported a net income of $13.9 million for the six months ended 30 June 2023, marking a significant improvement compared to a restated net loss for the comparative period in 2022 of $12.2 million. This marks the second quarter the Company is reporting under IFRS 17 and IFRS 9, the respective new accounting standards for insurance... Read more of this article
BF&M: No Share Repurchases In July 2023
In a filing with the Bermuda Stock Exchange, BF&M Limited advised that pursuant to its share repurchase programme, the company has not purchased any shares in the calendar month of July 2023. Related Stories BF&M Prepare 300 Packages, Donate $20K BF&M Sponsors Free For February At NMB Endeavour & BF&M No Limits Sailing Programme Bermuda... Read more of this article
BF&M: Limited Duration Shareholder Rights Plan
BF&M Limited announced today that its Board of Directors has “unanimously adopted a limited duration Shareholder Rights Plan, which is effective immediately and set to expire on 19 July, 2024.” A spokesperson said, “The Rights Plan ensures that the Board has sufficient time to make thoughtful and prudent decisions that are in the best... Read more of this article
BF&M Share Repurchase For June 2023
In a filing with the Bermuda Stock Exchange, BF&M Limited advised that pursuant to its share repurchase programme, during the month of June 2023 the company has purchased the following shares: Related Stories BF&M Prepare 300 Packages, Donate $20K BF&M Sponsors Free For February At NMB Endeavour & BF&M No Limits Sailing... Read more of this article
College Circle Renamed To ‘BF&M Circle’
Bermuda College Foundation has announced the renaming of the Bermuda College Circle to the BF&M Circle in recognition of BF&M’s ongoing generosity to the Foundation’s work in support of Bermuda College. Garry Madeiros, Chairman of the Foundation, said, “In 2022, BF&M announced a three-year unrestricted commitment to the Foundation... Read more of this article
BF&M Announces Customer Wellness Week
BF&M is getting set to hold a ‘Wellness Week’ initiative for its health insurance customers, featuring free fitness classes, activities, giveaways, and more. A spokesperson said, “BF&M is thrilled to announce its first Wellness Week for its health insurance customers to attend. The event takes place from June 26th to June... Read more of this article
BF&M Announces Dividend Increase
In a filing with the Bermuda Stock Exchange, BF&M Limited announced an ”increase in dividends for its valued shareholders.” The full filing stated: “The decision to raise dividends reflects the company’s strong financial performance and its commitment to delivering long-term value to its shareholders. “As part of... Read more of this article
BF&M Reports Net Income Of $10.5 Million
BF&M Limited today reported a net income of $10.5 million for the three months ended 31 March 2023, marking a significant improvement compared to a restated net loss for the comparative period in 2022 of $3.0 million. This marks the first quarter the Company is reporting under IFRS 17 and IFRS 9, the respective new accounting standards for insurance... Read more of this article
BF&M Share Repurchases For May 2023
In a filing with the Bermuda Stock Exchange, BF&M Limited advised that pursuant to its share repurchase programme, during the month of May 2023 the company has purchased the following shares: Related Stories BF&M Prepare 300 Packages, Donate $20K BF&M Sponsors Free For February At NMB Endeavour & BF&M No Limits Sailing Programme Bermuda... Read more of this article
AM Best On Argus & BF&M’s Credit Ratings
AM Best has commented on the credit ratings both BF&M and Argus Group following the news that an Argus subsidiary has entered into an agreement to purchase 36.9% of BF&M for $100 million. BF&M Limited A statement from the ratings agency said, “AM Best has commented that the Credit Ratings of BF&M Limited [BF&M] and its insurance... Read more of this article
BHEC CEO On Argus Buying Part Of BF&M
Following the news that an Argus subsidiary has entered into an agreement to purchase 36.9% of BF&M, Bermuda Health Council CEO Dr Ricky Brathwaite said that “while the transaction centers on company shares, we are monitoring the potential implications for the health insurance market and service provider consolidation.” Dr Brathwaite,... Read more of this article
