BF&M Announces New Financial Officer

Hamilton, Bermuda: July 17, 2013 - The Board of Directors and Management of BF&M Limited are pleased to announce the appointment of Michael G. White as Group Chief Financial Officer, with responsibility and oversight for all BF&M group companies, including Insurance Corporation of Barbados Limited in Barbados and Island Heritage Ltd. in Cayman.

Michael White is an actuary with 15 years of experience in the life insurance industry and until recently was Vice President and Chief Financial Officer, Sun Life Bermuda Operations.  Before residing in Bermuda, Michael was accountable for Financial Risk Management with Sun Life Financial in Toronto and has held various senior consulting roles with PricewaterhouseCoopers in London.

Michael is a graduate of New College, Oxford University with a BA Honours (First Class) in Mathematics and is a Fellow of the Institute of Actuaries, UK.

BACKGROUND

BF&M Limited is the holding company of the BF&M Insurance Group. The two largest operating companies within the 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 group includes several other companies including Bermuda International Insurance Services Limited, Bermuda International Reinsurance Services Limited, Marchmont Insurance Company Limited, BF&M Investment Services Limited, BF&M Properties Limited, (including Scarborough Property Holdings Limited and Barr’s Bay Properties Limited), Hamilton Financial Limited, Island Heritage Holdings Limited, and a 51.5% interest in the Insurance Corporation of Barbados Limited.

For further information contact:-
R. John Wight C.A, CPCU, President & Chief Executive Officer
Phone 295 5566, Fax 292 8831, e-mail jwight@bfm.bm