BF&M Limited (“BF&M”) Announces Appointment of Bruce Walker As Group Chief Financial Officer

Hamilton, Bermuda: 10^th, May 2022 - In a filing with the Bermuda Stock Exchange (the “Exchange”), BF&M Limited (the "Company"; Ticker: BFM.BH) Announces Appointment of Bruce Walker As Group Chief Financial Officer.  The full filing stated:

BF&M Announces Appointment of Bruce Walker

As Group Chief Financial Officer

Hamilton, Bermuda, 11 May 2022—BF&M Limited (“BF&M”, “the BF&M Group”) announced today the appointment of Mr. Bruce Walker as EVP, Group Chief Financial Officer of the BF&M Group. 

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 at Chubb Insurance Company of Canada.  In this role, he was responsible for implementing an Enterprise Risk Management framework and reporting programme, as well as partnering with the Chief Actuary and CFO to provide strategic analysis and portfolio optimization. Mr. Walker oversaw catastrophe and casualty reinsurance treaty placements for Canada, and was Chair of the Chubb Canada Investment Committee. Mr. Walker has also held senior leadership positions internationally with Royal & Sunlife Alliance Insurance Group in the U.S. and the U.K. Mr. Walker began his career with Deloitte & Touche in Canada.

John Wight, Group Chairman and CEO of BF&M Limited, commented: “Bruce brings international insurance industry expertise and an effective blend of technical knowledge, strategic acumen and operational management insight. His perspectives will be a great addition to the Group executive team and we look forward to a productive collaboration.”

Mr. Walker has CA and CPA designations, and a Bachelor of Arts degree in Political Science and Economics from McGill University.

BACKGROUND

BF&M Limited is the holding company of the BF&M group of companies (“BF&M Group”). The two largest operating companies within the BF&M Group are BF&M Life Insurance Company Limited, a leading provider of life, health and pensions products, and BF&M General Insurance Company Limited, the leading general insurer providing all forms of property, casualty, motor and marine products. The BF&M Group includes several other companies including BF&M Investment Services Limited, BF&M Properties Limited, (including Scarborough Property Holdings Limited and Barr’s Bay Properties Limited), and Island Heritage Insurance Company, Ltd.

For further information contact:-
R. John Wight, FCPA, FCA, CPCU, Group Chairman and Chief Executive Officer
Phone 295 5566, Fax 292 8831, e-mail jwight@bfm.bm

#          #          #

For more information on the Bermuda Stock Exchange (BSX), contact James Best at 1-441-292-7212 or jbest@bsx.com . Information is also available at www.bsx.com and on Bloomberg at BSX.

Established in 1971 the Bermuda Stock Exchange (BSX) is the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.

The BSX is a full member of the World Federation of Exchanges (WFE) and is in an O.E.C.D. member nation and an affiliate member of IOSCO. The BSX is recognised by the US SEC as a Designated Offshore Securities Market. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange; and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules; and Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.