Executive team announced for BF&M/Argus merged company

Bermuda domestic insurers BF&M and Argus, who have announced plans to merge, have unveiled the executive leadership of the merged company. 

The merger, which remains subject to regulatory and shareholder approval, will see two of Bermuda's largest primary insurers and private pension providers combine. 

The companies had already announced that BF&M chief executive officer Abigail Clifford would be CEO of the combined company, while Argus chief financial officer Peter Dunkerley would be group chief financial officer. 

A statement said the rest of the team was selected by the boards of directors of both companies, "bringing together talented executives from each organization". 

"The integrated leadership bench combines deep institutional knowledge with future-focused vision, ensuring the company is well-equipped to navigate the road ahead

and achieve its strategic goals," the statement said. 

The appointments are: 

Caroline Mills-White as EVP, Group Head of Property & Casualty (currently EVP, Group Head of P&C at BF&M)

• Peter Lozier as EVP, Group Head of Benefits (currently Chief Commercial Officer & Head of Global Health at Argus)

• Gemma Rochelle as EVP, Group General Counsel and Chief Compliance Officer (currently EVP, Group General Counsel and Chief Compliance Officer at BF&M)

• Hannah Ross as EVP, Group Chief Capital and Risk Officer (currently Chief Strategy and Capital Officer at Argus)

• Jennifer Campbell as EVP, Group Chief Human Resources Officer (currently Chief Human Resources Officer at BF&M)

• Alex Reynolds as EVP, Group Chief Corporate Development Officer (currently Chief Corporate Development & Investors Relations Officer at Argus)

Anthony Joaquin, chairman of BF&M, said: “With this exceptional leadership team in place, the BF&M board of directors is confident we have set the foundation for the new organisation to thrive in an increasingly dynamic market environment. The members of this integrated group will each contribute unique expertise to the success of the future company, enabling us to best serve our customers, open doors for our people, and lead the future growth of the Bermuda insurance market.”

David Brown, chairman of Argus, added: “The Argus Board of Directors believes the strength of this combined leadership team is representative of the superior talent each organisation brings to the table. We believe the collective expertise and innovative approach of this group will drive new opportunities for growth and ensure success in serving the Bermuda and international communities in our footprint.”

The merger remains sunject to shareholder votes and regulatory approval. The boards of the companies have said they hope the merger will close in the fourth quarter of this year.

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