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BF&M announces the acquisition of Kitson Insurance Services Ltd
Hamilton, Bermuda – 1 October, 2015 — BF&M Limited (the "Company"; Ticker: BFM.BH) announced today that it has completed the acquisition of Kitson Insurance Services Ltd., a Bermuda based insurance agency and brokerage business. The filing stated:
President & CEO of BF&M John Wight, stated, “BF&M is pleased to assume responsibility for continuing to provide top-tier service to Kitson’s policyholders and to make the transition from Kitson to BF&M seamless for Kitson’s clients. To ensure this seamless transition, we are pleased to inform Kitson’s policyholders that James King and Shannon Bean have joined BF&M and will continue to service the Kitson business.”
Scott Kitson, speaking on behalf of the Kitson Group of Companies, said “Whilst it was an emotionally challenging decision for our family to sell the business after almost 70 years, we are comfortable that this is the right move for our clients and our business partners. We intentionally sought out the strongest insurance team on island to take over our operations and are pleased to have transitioned the business to BF&M. We look forward to working with John and his team during this period to ensure that Kitson’s clients continue to receive the highest levels of service.”