5 November 2020News

BILTIR members give over $4m to Bermuda-based community projects in 12 months

Bermuda International Long Term Insurers and Reinsurers (BILTIR) members supported more than 50 charitable initiatives over the last year, with donations of over $4 million to a range of projects across the community.

BILTIR, as an association, donated $50,000 directly to the Bermuda Hospital Board and the Bermuda Community Foundation in support of COVID relief.

Athene Life Re, Athora Holding, Aspen Insurance Holdings and Catalina Holdings donated $3.5 million to the Bermuda College Foundation to create a Career Development Centre at Bermuda College and donated more than $400,000 to fund the purchase of eight life-assisting ventilators for the Bermuda Hospitals Board.

Athene Life Re also established the Athene Scholarship with Bermuda College, and donated $25,000 to the Third Sector Coordinated Crisis Response in Bermuda to help provide essential items for vulnerable populations

Hannover Life Re donated more than $35,000 to Northlands School and supported charities such as Bermuda Education Network, Bermuda Underwater Exploration Institute, Bermuda Music School and Bermuda Basketball Youth Federation.

Global Atlantic Re donated to various charities, including SCARS, Family Centre and Hamilton Seventh Day Adventist feeding programme, while Legal and General contributed $50,000 to the COVID-19 Emergency Funds, Lighthouse Connect project to purchase laptops for students and other scholarships.

Kuvare provided a treasurer for the board of the Windreach Foundation and contributed to the COVID-19 Emergency Fund, while Resolution Re donated $40,000 to the Bermuda Emergency Fund for Covid-19 and has supported other initiatives.

Sun Life Financial International contributed almost $100,000 to a range of charities, including the COVID-19 Emergency Fund, Bermuda Zoological Society, Meals on Wheels, Women’s Resource Centre, and Bermuda Diabetes.

Wilton Re donated toward laptops and school shoes for students at Prospect Primary and supported an asthma medical assistance programme for Open Airways, while its staff volunteered for various local charities and churches.

Sylvia Oliveira, BILTIR’s chair, said: “2020 has been a particularly difficult year due to COVID-19, and I would like to thank our members for the hard work and solidarity they have shown in supporting the island through this crisis.”

BILTIR represents 65 long-term re/insurance and servicing companies in the Bermuda life re/insurance sector.