Company Overview of BF&M Limited
BF&M Limited provides various insurance products in Bermuda and Barbados. The company provides group and individual health and accident, life, disability, and annuity insurance products. It also offers insurance coverage for personal and commercial fire, windstorm, burglary, public liability, marine, special types, personal automobile, personal auto-cycle, workmen’s compensation, commercial vehicles, property, and miscellaneous accident. In addition, the company underwrites, markets, and administers health, life, and personal accident reinsurance; and offers pension products, and related investment management and consulting services. Further, it owns and leases real estate buildings. BF&M Li...
112 Pitts Bay Road
Pembroke, HM 08
Founded in 1991
Key Executives for BF&M Limited
BF&M Limited does not have any Key Executives recorded.
BF&M Limited Key Developments
BF&M Limited Announces Earnings Results for the Nine Months Ended September 30, 2013
Dec 10 13
BF&M Limited announced earnings results for the nine months ended September 30, 2013. For the period, the company reported that net income was $15.8 million, resulting in an annualized return on shareholders- equity of 10%. Shareholders net income for the comparative nine month period of 2012 was $13.7 million. Gross premiums written for the period were $273.0 million, an increase of 10% over 2012. Investment income for the nine months reflected a $19.3 million decrease in the value of investments for the period as the marginal increase in interest rates decreased the fair value of the company's extensive fixed income portfolio.
BF&M Limited Reports Consolidated Earnings Results for the Six Months Ended June 30, 2013; Declares Dividend
Sep 17 13
BF&M Limited reported consolidated earnings results for the six months Ended June 30, 2013. The company reported net income for the six month period of BMD 10.2 million, resulting in an annualized return on shareholders’ equity of 10%. Shareholders’ net income for the comparative six month period of 2012 was BMD 12.2 million. Financial results for the first six months of 2013 were down from the corresponding period in 2012, principally as a result of further impairments on Bermuda based properties where BF&M holds a first mortgage, and the rise in interest rates in the 2nd quarter that decreased the value of BF&M’s bond portfolio. Gross premiums written for the period were BMD 184.1 million, an increase of 16% over 2012.
Based on the company’s strong balance sheet, the board of directors maintained the dividend of 20 cents per share for shareholders of record at September 30, 2013.
BF&M Limited Appoints Michael G. White as Group Chief Financial Officer
Jul 17 13
The Board of Directors and Management of BF&M Limited announced the appointment of Michael G. White as Group Chief Financial Officer, with responsibility and oversight for all companies, including Insurance Corporation of Barbados Limited in Barbados and Island Heritage Ltd. in Cayman. Recently Michael White was Vice President and Chief Financial Officer, Sun Life Bermuda Operations.
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