Hashtag: #BF&MLimited
Photos & Video: BF&M Breast Cancer Walk
The annual BF&M Breast Cancer Awareness Walk — which serves to help raise funds for the Bermuda Cancer and Health Centre — was held yesterday [Oct 12], with the event getting underway at Barr’s Bay Park. The Bermuda Cancer and Health Centre website said, “For more than two decades, the BF&M Breast Cancer Awareness Walk has united... Read more of this article
AM Best Affirms Credit 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 [BF&M Life], BF&M General Insurance Company [BF&M General] and Island Heritage Insurance Company, Ltd. [Island Heritage]. The outlook of each of these credit ratings is stable. A spokesperson said,... Read more of this article
BF&M To Close On Friday Due Hurricane Fiona
BF&M offices will be closed on Friday [Sept 23] due to Hurricane Fiona. A spokesperson said, “BF&M wishes to inform customers that its offices will be closed on Friday, September 23rd due to Hurricane Fiona. Please take all necessary precautions to prepare at this time. Updates about our reopening will be issued in the press, on the BF&M... Read more of this article
BF&M Appoints Stephanie Hanson As EVP
BF&M Limited announced the appointment of Stephanie Hanson to the role of EVP, Group Chief Operating Officer. In her new role, she will be responsible for overseeing all support operations across the 15 jurisdictions in which the BF&M Group operates. Stephanie Hanson has been with the company since 2017, most recently serving as EVP, Chief Legal... Read more of this article
BF&M: No Share Repurchases In August 2022
In a filing with the Bermuda Stock Exchange, BF&M Limited advised that pursuant to its share repurchase programme, during the month of August 2022 the company has not repurchased any 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
BF&M Reports Shareholders $12.3M Net Loss
BF&M Limited today reported shareholders’ net loss of $12.3 million for the six months ended 30th June 2022, as compared to the shareholders’ net income for the comparative period in 2021 of $14.8 million. Net income from operations after excluding the negative fair value movements in investments was $4.3 million versus $13.3 million in the... Read more of this article
Wight To Retire On Aug 31, Clifford To Be CEO
BF&M Limited today announced that John Wight will retire on August 31, and as announced in October 2021, Abigail Clifford will succeed him as Group CEO. A spokesperson said, “BF&M Limited today announced the retirement date of Group CEO, John Wight. Mr. Wight, who became President and CEO of BF&M in 2005, will retire on August 31 of this... Read more of this article
BF&M Continues Share Repurchase Programme
In a filing with the Bermuda Stock Exchange, BF&M Limited announced the continuation of its share repurchase programme. The full filing stated, “BF&M Limited today announced that, effective August 15, 2022, the Company will continue its 2016 share repurchase programme and purchase up to 179,775 shares over the next year, at market prices on... Read more of this article
BF&M: No Share Repurchases In June 2022
In a filing with the Bermuda Stock Exchange, BF&M Limited advised that pursuant to its share repurchase programme, during the month of June 2022 the company has not repurchased any 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: BF&M Ratings Remain Unchanged
AM Best has commented that the Credit Ratings of BF&M Limited and its insurance subsidiaries “remain unchanged following BF&M’s announcement of a strategic review. ” A statement from the ratings agency said, “On June 29, 2022, BF&M announced that it has initiated “a review of strategic alternatives to maximize shareholder... Read more of this article
Delayed Opening Of Trading In BF&M Shares
[Updated] Following the company’s announcement yesterday they “initiated a review of strategic alternatives” which “may include the sale of the Company,” the Bermuda Stock Exchange [BSX] delayed opening of trading in BF&M Limited’s shares. The statement said, “BF&M Limited announced yesterday that following... Read more of this article
BF&M: Strategic Review Which May Include Sale
The “Board of Directors has initiated a review of strategic alternatives to maximize shareholder value and which may include the sale of the Company,” BF&M confirmed today. A spokesperson said, “BF&M Limited announced today that following discussions with its principal 37.4% shareholder, the Board of Directors has initiated a review... Read more of this article
BF&M Reports Shareholders Net Loss Of $6.7M
BF&M Limited today reported shareholders’ net loss for the three months ended 31st March 2022, of $6.7 million as compared to the shareholders’ net income for the comparative period in 2021 of $6.5 million. Group Chairman and CEO John Wight stated: “Our first quarter results were negatively impacted by investment income losses driven by rising... Read more of this article
BF&M: No Share Repurchases In May 2022
In a filing with the Bermuda Stock Exchange, BF&M Limited advised that pursuant to its share repurchase programme, during the month of May 2022 the company has not repurchased any 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
Bermuda Cricket Board Partners With BF&M
The Bermuda Cricket Board [BCB] has entered into a sponsorship agreement with BF&M Limited for the BCB Women’s National Training Team and the U19 Men’s National Training Team. A spokesperson said, “The Executive of the Bermuda Cricket Board is pleased to announce a sponsorship agreement with insurance company BF&M Limited for the BCB... Read more of this article
BF&M Announce Appointment Of Bruce Walker
BF&M Limited announced today [May 11] the appointment of Bruce Walker as EVP, Group Chief Financial Officer of the BF&M Group. A spokesperson said, “Mr. Walker has over 25 years of extensive risk and capital management experience. A former CFO and transformational leader at ACE INA Insurance, Mr. Walker more recently served as Chief Risk Officer... Read more of this article
