BF&M eyeing potential sale, launches strategic review

BF&M, the Bermuda holding company of BF&M Life Insurance and BF&M General Insurance, has initiated a review of strategic alternatives that may result in the sale of the company.

The move follows discussions with its principal 37.4% shareholder, and aims to maximize shareholder value.

The board has established a special committee to oversee the strategic review, which will be chaired by group chairman and chief executive officer John Wight (pictured) and include independent directors Jennifer Reynolds and Anthony Joaquin.

The Special Committee has retained the services of Desjardins Capital Markets to assist it in this process.

Wight stated: “Throughout and beyond the Strategic Review process, BF&M will remain focused on enhancing corporate value by steadily carrying out business activities, delivering excellent customer service and executing on our long-term strategy.”

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