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ANNUALREPORT
2012
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1 BFIS ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2012
CHAIRMAN'SREPORT
TOTHEANNUALGENERALMEETING
OFTHEBERMUDAFOUNDATIONFORINSURANCESTUDIES
DECEMBER5,2012
I
am
pleased
to
provide
the
Chairmans
report
on
the
activities
of
the
Bermuda
Foundation for Insurance Studies for the year ended June 30, 2012. First and
foremost, I am extremely proud to acknowledge that BFIS has now awarded
scholarships with a total value of $4.3 million to 119 students since our inception
some16yearsago.
The global economic crisis and its impact on the local insurance industry and
Bermuda continues to make for a very challenging operational environment.
Volatility inthe investmentmarketshasrequiredthattheBFISfinancialteamwork
veryhardtomanagethereturnsontheInvestmentFundsothatwecancontinueto
awardthesamenumberandvalueofscholarships,andalsoadequatelysupportour
intern
and
mentor
programmes.
Although
we
have
seen
an
improvement
in
the
InvestmentFundattimesduringthepast12months,wearestillsomewayawayfromattainingthecomfortlevels
previouslyenjoyed.
Asin2011,theBoardagaininitiallyentertainedreducingthescholarshipbudgetaswewereuncertainastohow
heavily we would have to draw down against the Investment Fund. In the end we could not ignore the 97
applicationsreceivedandtheconsistentlyhighlevelofacademicperformanceofthestudents,andinfactin2012
weawarded13scholarships,twelve for2yearsandonefor3years.ThisbringsthetotalnumberofcurrentBFIS
scholars to 24, atan outlay of $415,000 for thisacademic yearalone. The2012 scholarships were awarded for
undergraduatestudiesatoverseasuniversities(11)andBermudaCollege(2). TheScholarshipCommitteechose
nottoawardapostgraduatescholarshipthisyear.
Iampleased to recognize thecontinuedsuccessof the Internprogramme. Iwas impressedyetagainwithour
2012participantsinBermuda,ChicagoandAtlanta. The2012Olympicspreventedusfromorganisingourannual
intern programme in London, but we successfully replaced it with a programme in Atlanta which was such a
success that it will be added as one of our annual intern locations. We have been working towards achieving
accreditation for the programmes and are pleased that this year one intern did apply to his university and did
receivecoursecreditsfortheprogramme.
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BFIS ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2012 2
Alongasimilarvein,theMentoringprogrammecontinuestobearesoundingsuccess,withover50studentsand
youngprofessionalsactivelyparticipating. ItisworthnotingthatinadditiontoourownBFISalumniwhohelpto
run the programme, many other industry professionals support us through volunteering their time to mentor
studentsandattendingthevariousnetworkingeventsheldduringtheyear.
Aside from all the normal day to day activity in managing our scholarship, internship, mentoring and career
promotion programmes, theBFIS office has seen a marked increase in the number of people contacting us for
guidance and/or assistance in finding employment in the industry. The enquiries originate from parents, high
school,
undergraduate
andgraduate
students,
guidance
counselors,
career
changers
and
those
looking
to
gain
postgraduate degrees. The BFIS office has done a remarkablejob of satisfying these enquiries or acting as a
conduittoputpeopleincontactwithsomeonewhocanoffertheappropriatehelporguidance.
AswillbenotedintheFinancialReport,pledgesanddonationstotheFoundationarestillnowherenearthelevels
enjoyed inourearlyyears. Infact,thisyearourpledgesanddonationswerebarelyenoughtocoverhalfofour
combinedscholarshipandoperationalexpenses. Disappointingasthisis,muchwebelievecanbeattributedtothe
uncertaineconomictimesandtheassociatedreductioninphilanthropicdonations. Theongoingimpairmentinthe
InvestmentFundhasattimesleftusconcernedaboutthefinanciallongevityoftheorganization. Wewillstrivein
2013tomoreaggressivelypursuedonationsfromprevious,existingandpotentialnewdonors.
BFIS ismostappreciativeofnotonlythefundingfromoursponsorsbutalsothevolunteerhourswhichmanyof
theirrepresentatives
give
to
the
Foundation.
To
have
their
industry
expertise
so
generously
donated
to
BFIS
is
auniqueandtremendousresource,onewithoutwhichBFISwouldnotbeabletofunctioneffectively.
Inclosing,IoffermysincerestthankstoCathyandJane,allBoardandCommitteemembers,andeveryonewhohas
worked tirelessly to assist this organization. Our success is totally dependent upon your continued donation of
timeandfundsthankyou.
_________________MichaelD.Fisher
BFISChairman
December5,2012
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3 BFIS ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2012
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
Jul-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12
%P
erformance
FTSE 100 Performance DJIA Performance BFIS Performance
TREASURERSREPORT
FINANCIALHIGHLIGHTS
Total revenues for theyearended June30, 2012 fell to$379,102 from$738,796 in2011. Thisdropwasdriven
largely bya50% fall incontribution income from $557,500 in2011 to$276,850 in2012asboth restricted and
unrestrictedcontribution income fell.Additionally,realizedgainsonsalesof investmentsdeclinedby$63,148 in
comparisonto2011,andnetinvestment incomedeclinedby$12,024duetothedecrease incash& investments
anddeclininginterestrates.
Lowerrevenueswerepartiallyoffsetbya5%reductioninexpensesoverallduetoimprovedexpensecontroland
alsosometimingissues.
In2012BFISprovided13scholarshiprecipientswith$368,990inscholarshipscomparedto$375,500in2011.
OverallBFISoperatedatalossof$369,470in2012comparedtoalossof$49,810in2011.Ifrealizedgainsonsales
of investmentsareexcludedfrombothyearsthenthenetoperating losseswere$413,881 in2012comparedto
$157,369in2011.Togetherwiththeunrealizedlossesoninvestmentsof$229,876,netassetsdeclinedby10%to
$5.2millionasatJune30,2012.
Clearlythedeclineinnetassetsisaconcern,andunlessthedeclineincontributionincomecanbereversedinthe
nearfutureBFISwillneedtoconsideritsabilitytosustainthelevelsofscholarshipfundinginfuture.
INVESTMENTPORTFOLIOHIGHLIGHTS
Details of the BFIS investment portfolio are provided in Notes 3 and 4 to the financial statements. The total
portfoliovalue includingshort termdeposits is$5,090,132compared to theprioryear fairvalueof$5,486,607.
Thisincludedawithdrawalof$225,000tocoverscholarships.
The BFIS portfolio performed in line with major
market indices while displaying a fraction of the
volatility (as can be seen from the graph). Our
strategicassetallocationhaspositioneduswellto
weatherperiodsofmarketstress.Atyearend,the
portfoliohadanallocationof19%inTreasurybills
and money markets,21% inUSGovernmentand
Corporate
Senior
Bonds,
33%
in
Global
equities
and14%inConvertibleBonds,withtheremaining
allocationinrealandalternativeassetclasses.
Cash has remained a viable asset as uncertainty
lingered inthemarkets;howevertheFinanceCommittee isactivelyconsideringreducingthiscashpositiongoing
forwardasthereturnsarenegligible.USGovernmentBondsremaininhighdemandandarefullypricedasinterest
ratesremainnearrecordlowlevels.
BFISInvestmentPortfolioPerformance(July2004July2012)
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BFIS ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2012 4
BFISAssetAllocation(June30,2012)
Cash
Treasury Bills
CorporateBonds
GovernmentBonds
ConvertibleBondsGoldLargeCapUSStocks
LargeCapGlobalStocks
HedgeFundsLargeCapEmerging
Stocks
RealEstateFund
Corporateearningsandbalancesheetsremainstrongandtheportfolioscorporatebondladdercontinuestohold
upwell. Further,themarketsandportfoliohavepickedupa littleacrosstheboard,thoughthefiscalcliffpost
election is causing a cloud on the horizon.
Asia post the Chinese election is looking
marginally better and Europe, though far
frombeingfixed, isnotastragicas itwas in
June2012.
Overalltheportfoliocontinuestoperformas
expectedand is proving to be the sourceof
stability BFIS needs to support its mission
throughoutthesetryingtimes.
___________________
TracyE.
Keill
Treasurer
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5 BFIS ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2012
Business
Legal Studies
Accounting
Information Technology
Actuarial Science and
Math
Economics
Finance
Insurance & RM
Non-specific
Environmental Sciences
Engineering
AREAS OF STUDY OF 2012 BFIS SCHOLARSHIP APPLICANTS
EXECUTIVEDIRECTORSREPORT
SCHOLARSHIPS
Now completing our16th
year, BFIS continues to
gofromstrengthtostrengthwithourscholarship
programme, having awarded scholarships to 119
students.Ofthese,87havegraduatedwithnearly
allworkingintheindustryand26arepresentlyat
university(twonowunderotherfunding).
Almost
50%
of
our
97
applications
this
year
came
from Freshmen and after much deliberation the
ScholarshipsCommitteeawarded13scholarships
6 to firstyear students and 7 to students
enteringtheirJunioryear;oftheseawards,50%hadfinancialneedtakenintoconsideration.
Thescholarshipapplicationsareallreceivedthroughthebermudascholarships.comwebsitewhichcurrently lists
over400scholarshipsofferedbyover120awardproviders.Thesiteenablesstudentstosubmittheirapplications
withsupportingdocumentsonline. BFISservesonthetaskforceoftheBermudaScholarshipswebsitewhichexists
under the umbrella of the Centre On
Philanthropy,andwhenvisitingBermudashigh
schools to promote the BFIS scholarships, we
demonstratehowtousethewebsite.
Basedonourapplicants,itisinterestingtonote
the change over the years in the universities
which Bermudian students are choosing to
attend. This year 44% chose to go to US
colleges,37%togototheUKandEurope,16%
to Canada and 3% to Bermuda College. Four
yearsagooverhalfwouldtypicallygototheUS,
followedbyCanadaandtheUK.
The2012
Scholarship
Awards
Reception
was
held
on
July
24th
at
Alterra
which
very
kindly
sponsored
the
event.
Thereceptionwasverywellattended,withindustryleaders,committeemembersandBFISalumniminglingwith
studentsandparents.BFISFoundingMemberBrianOHarapresentedtheBFISScholarshipswhileMeredithHead,
ChairoftheScholarshipCommittee,highlightedtheaccomplishmentsofeachrecipient.
BFISmaintainsregularcontactwithallourscholarssowecanofferadvice,providecareerguidance,helpthem
find summeremployment and ensure that they are effectively utilizing the mentoring programme. In order to
formalize this, a Scholars Agreement has been put in place to ensure that the students are aware of their
responsibilitiestomaintaincontactwiththeFoundationandknowwhatassistancetheycanexpectfromus.
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BFIS ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2012 6
NewandContinuingscholars(withyearscholarshipwasawarded)listedbyyeartheywillreceivetheirdegree:EbonyBrockington10 ...............Accounting .....................................TempleUniversity ..............................(graduatingJan.2013)
DevinPage11 ............................Business(PostGraduate)...............Georgia InstituteofTechnology................(graduating2013)
RobertMaycock09 ...................Economics,Math...........................DartmouthCollege.....................................(graduating2013)
CharlesWatson09 ....................Accounting,Finance ......................LoughboroughUniversity..........................(graduating2013)
TenikoEve10............................RiskManagement&Insurance ......St.JohnsUniversity ..................................(graduating2013)
AshleyAdair12 .......................... Accounting .....................................Mt.St.VincentUniv.(BermudaCollege)...(graduating2014)
MagicBoyles12.........................Actuarial Science............................St. JohnsUniversity ..................................(graduating2014)
MichaelColes
10........................Finance
&
Insurance
......................Northeastern
University
............................(graduating
2014)
HelenCrisson10 .......................AppliedMath&Statistics...............JohnsHopkinsUniversity .........................(graduating2014)
JulietteFerrariMcComb11 .......Mathematics ..................................UniversityofSurrey...................................(graduating2014)
MatthewHogan12 ....................Economics ......................................DurhamUniversity ....................................(graduating2014)
JarynMartin10 .........................ActuarialScience ...........................WesternOntario .......................................(graduating2014)
NikkiLynnMarshall11 ..............Economics ......................................BostonUniversity ......................................(graduating2014)
EoinMcMahon11......................ActuarialScience............................SouthamptonUniversity ...........................(graduating2014)
EmilyPotts11 ............................ InformationTechnology.................StirlingUniversity ......................................(graduating2014)
ElizabethSousa12 .....................Finance&History...........................BryantUniversity.......................................(graduating2014)
CarlaWeeks12 .......................... Accounting .....................................Mt.St.VincentUniv.(BermudaCollege)...(graduating2014)
KrisFurbert12 ...........................Business .........................................EuropeanSchoolofEconomics .................(graduating2015)
TaliahShakir12..........................Business .........................................DurhamUniversity ....................................(graduating2015)
ChristopherWright12 ...............Economics ......................................LancasterUniversity...................................(graduating2015)
EdenSmith11............................Accounting(Associates) .................BermudaCollege(graduating2013) ......................................
MeganBerry
12 .........................Comparative
Studies......................Duke
University
.........................................(graduating
2016)
AmandaBrown12 .....................Economics ......................................BostonCollege ..........................................(graduating2016)
ChelsyFurtado12 ...................... Accounting .....................................AcadiaUniversity ......................................(graduating2016)
Thisyearatotalof11BFISscholarsgraduatedand Iampleasedtoreportthattheyhaveallfoundemployment,
althoughsometooktemporarypositionstostartwith. Severalofthemreportedthattheyhadbeen interviewed
asaresultoftheirresumesbeingviewedontheBFISwebsite. Wearealsofindingthatwearebeingalertedtojob
openings by our donor companies and in a number of cases we have been able to put forward a successful
candidate.
2012Graduates(withyearscholarshipwasawarded)listedbydegreesubjects:ChristinaRatteray07 .................ActuarialScience(PostGraduate) IllinoisStateUniversity...................... AlliedWorldAssurance
KiaraSomner
07
.......................Risk
Management
&
Insurance ......Temple
University
.....................................................Ariel
Re
DonitaStevens07......................Risk Management&Insurance ......TempleUniversity ...........................................................Argo
TimothyFox08 .........................Business ........................................QueensUniversity..........................................................PWC
KyleJames08............................Business,MIT .................................Temple University .........................................(temp.position)
ChelseaMayeaux08 ..................Math&Business ............................CityUniversity,London.........................................XL,London
RobertJardine09......................Economics,Management,IT .........UniversityofSt.Andrews............................. TowersWatson
AntionayTankard09.................Business ........................................HowardUniversity .................................... TokioMillennium
KyleTucker09...........................Economics,Math...........................BabsonCollege...............................................RenaissanceRe
AshleyMadeiros10...................RiskManagement&Insurance ......St.JohnsUniversity ....................................................... AXIS
AndrewFubler11 ......................Business&Finance ........................Mt.St.VincentUniv.(BermudaCollege).............BNYMellon
INTROTOINSURANCESUMMERINTERNPROGRAMMES
Once again we ran successful programmes this summer in Bermuda and Chicago, and a new one in Atlanta,
deferringtheLondonprogrammeforayear. Althoughtheseprogrammesareonly2to3weekslongtheyarevery
intenseandtheygarneranexcellentresponsefromparticipatingstudents.
Sixtyfivestudentshavenowtakenpartinthisprogrammesince2001anditprovidesanimportantopportunityto
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7 BFIS ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2012
studentswhoarenotBFISscholars.Eachyearweinviteformerinternstobriefthecurrentonesonhowtogetthe
mostoutoftheexperience.ThankyoutoAkiraRobinson(Chicago2011)andBrianSteinhoff(Bermuda2007)for
briefingthe2012interns. Outofthe12studentswhoparticipatedthisyear,onlythreewereBFISscholarsand,as
canbeseenbelow, the rangeofsubjectsbeingstudiedby thestudentswasbroadbutallwereable tomakea
strongcaseforwhytheywantedtolearnmoreabouttheinsuranceindustryasacareerpossibility.
In the past two years we have structured the programme to create a syllabus so students can approach their
individual
colleges
to
try
and
obtain
course
credits.
This
year
Devin
Page,
a
postgraduate
student
at
Georgia
Institute of Technology, was successful and we hope that other colleges agree to give credits going forward. It
shouldbenotedthatwerequirethosestudentswhohavenotpreviouslytakenany insurancecoursestotakeat
leasttheAICPCUInsuranceEssentialscourse,togivethemabasicknowledgeofinsuranceanditsterminology.
BERMUDA(May21 June8)
This was the eleventh year that the Bermuda programme has run and we are extremely grateful to the
organizationsandcompanieswhogooutoftheirwaytoaccommodateus.Asinformeryears,thefourBermudian
studentswerejoinedbytwoAmericanstudents fromtheKatieSchoolof InsuranceandFinanceat IllinoisState
Universityandtogethertheyvisitedatotalof28organizationsduringthecourseof3weeks.Thisincludedwork
shadowing,
which
was
a
highlight,
presentations
and
quizzes,
not
to
mention
the
fact
that
they
were
often
treated
tobreakfastorlunchandeventheoccasionaldinner! TheBermudianstudentshostedthevisitingstudentsonthe
weekendswhichmadetheirBermudaexperience
evenbetter.
Apartfromgainingagreatdealofknowledge,the
studentsenjoyedtheopportunitytonetworkwith
all who they came into contact with and were
amazedthateveryone,fromtopexecutivesdown,
was so friendly, approachable and evidently
interested in them as students a valuable life
lesson!
BermudaInterns: (picturedabovewithBFISChairman,MichaelFisher)(~2010graduate)DavidBedard .............UniversityofConnecticut .........Geography&PoliticalScience ...........................................Graduating2013
RyanEve....................St.JohnsUniversity .................RiskManagement&Insurance .........................................Graduating2014
LyndsayForrest..........LafeyetteCollege~ ...................Business&Economics......... Graduated2012(nowwithTokioMillennium)
AlisonCharlton..........UniversityofTampa .................InternationalBusiness&Management ........... GraduatingDecember2012
DanPettieUSA...........IllinoisStateUniversity..............Insurance andFinance ......................................................Graduating2013
JohnMahoneyUSA....IllinoisStateUniversity..............Insurance &Finance..........................................................Graduating2013
CHICAGO(July920)
Everyyearsince2006,ourChicagoprogrammehasbeenorganizedthroughDebbieBabcock,AssociateDirectorof
the
KatieSchool,
and
her
alumni
working
in
the
Chicago
insurance
market,
some
of
whom
participated
in
our
Bermudaprogrammewhentheywerestillstudents. ThefourBermudianstudentsonlymetforabriefingtheday
beforethey flewtoChicago fortheirtwoweek internship. Theywerehostedby10companies,spendingaday
witheachandgaininganindepthunderstandingofthemanydifferentsidesofinsuranceandtheChicagomarket.
TheirhostshadtakenthetimetostudythestudentbiosheetswehadsuppliedsothatDominique,forexample,
was able to learn about submissions and finances. The interns enjoyed a varied schedule which includedjob
shadowing,amock riskassessmentandsitting inonapaneldiscussion,andwerewell lookedafter in termsof
lunches.
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BFIS ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2012 8
Weensurethatallour internstaketimeto learn
more about the city they are in and the interns
purchased City Passes so that they could visit
some of Chicagos main attractions. They were
alsohostedtoaCubsgameandspenttheir final
afternoononaboatcruiseorganizedbyyounger
insuranceprofessionals,manyofwhomtheyhad
metduringtheprevioustwoweeks.
Chicago Interns: (picturedabovewithDebbieBabcockoftheKatieSchoolatcentre)(**BFISScholar)SophieFarrow ...................... UniversityofBristol .......................CivilEngineering/Actuarial .................... GraduatingMEng2014
SamuelBridges .................... UniversityofLiverpool..................Law ....................................................................Graduating2013
DominiqueRichardson.......... BarryUniversity** ........................BusinessAdministration(Finance) .....................Graduating2014
PeterMiller .......................... ConnecticutCollege......................History ...............................................................Graduating2013
ATLANTA(July920)
Ourthanks
to
Mark
Lima,
former
BFIS
President,
and
Barry
Woods
of
Georgia
State
University
for
suggesting
we
send students to experience the Atlanta market. Thanks also to Kathryn Marsh, another Bermudian working in
Atlantawho,alongwithMarkandBarry,helpedtomakeithappen.
Itprovedtobeagreatideaandtheinauguralinternshipwashugelysuccessful,thanksinnosmallparttothemany
peoplewewereputincontactwithinAtlantawhoofferedadviceandwereinstrumentalingettingcompaniesto
participate.Intheend,wehadmoreofferstohosttheinternsthanwecouldutilize.
ThreeoftheinternsflewtoAtlantawheretheyweremetbythefourth,DevinPage,who isatcollegeinAtlanta.
Theywerethenimmersedinawhirlwind2weekinternship,withvisitstoatotalof18companiesrangingfroma
power company to CocaCola! Participating companies had obviously paid attention to our bio sheets on the
students
as
they
arranged
for
differentemployees to address specific subjects, such as
placingconstructioninsurance.
Numerous other areas were covered, such as
inland marine, health, environmental and cyber
insurance, and the students met with brokers,
actuaries,lawyersandunderwriters. Aswithour
otherinternsinBermudaandChicago,theywere
very impressedthattheyhadtheopportunityto
meetpeopleateveryleveloftheindustry.
AtlantaInterns: (picturedabove,fromleft)(**BFISScholars)(~2012graduate)FraserMoore ...........UniversityofEdinburgh~..................Engineering ....................... Graduated2012(nowwithMcAlpine,UK)
DevinPage ................GeorgiaInstituteofTechnology**....International Affairs ......................................... GraduatingMSIA2013
MichaelJones ...........CassBusinessSchool,London~ .........Insurance&RiskManagement ..........................GraduatingMSc2014
MagicBoyles .............St.JohnsUniversity** ......................ActuarialScience........................................................Graduating2014
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FINALPRESENTATION
Ata lunchtimepresentationonJuly26th
to50insuranceindustryprofessionals,studentsandparents,thisyears
BFIS summer interns talked enthusiastically about their introtoinsurance experience. The presentation took
placeatOHaraHouse,courtesyoftheXLFoundation.
EachgroupofstudentsgaveashortPowerPointpresentationbutwhichever insurancehubtheywere in, itwas
clearthey
had
all
gained
hugely
from
the
experience.
Their
presentations
demonstrated
that
the
industry
is
so
broad that students studying diverse subjects such as engineering, zoology, actuarial science, political science,
geography,law,history,aswellasriskmanagementandinsurance,arecrediblecandidatesforinsurancecareers!
DonationscomeinmanyformsandBFISverymuchappreciatescompaniesembracingthisprogrammewhichgives
somuchtoourstudents. Wecannotadequatelyexpresshowgratefulwearetoallhostingcompanies,bothlocal
andoverseas,fortheirparticipation(seePage17). Weknowitisnotalwayseasyorconvenienttoaccommodatetheinternsforahalfday,muchlessafullday.
Sponsorship: WearegratefultoAlliedWorldAssurancewhounderwrotethecostsofthisyearsprogramme.
MENTORNETWORKPROGRAMME
Mentoring is an integral part of what BFIS does
andweensure thatallBFISscholarsarematched
withmentors. Wealsoreceiverequestsregularly
from nonBFIS students who, understanding the
benefits of having a mentor, are keen to be
includedintheprogramme. Althoughourpriority
is our scholars, BFIS assists anyone who is
interestedin
pursuing
acareer
in
insurance.
The BFIS Mentor Committee members are all BFIS alumni who run the network as well as being mentors
themselves. Othersinthenetworkalsomentororareavailabletocallontogivecareeradvice.
Networking luncheswereheldduringtheyearwhenstudentswerehomeonvacation.TheChristmas lunch last
December29th
tookplaceatACE,venuecourtesyoftheACEFoundation,andtheJune8th
lunchwasheldatthe
BermudaSocietyofArts. Inaddition,ourpopularEndofSummercocktailpartywasheldonAugust16th
atAON
House, sponsored by AON. All events were well
attendedand includedsomeBoardmembersand
AdvisoryTrustees inaddition to thestudentsand
theirmentors.
TheMentorNetworkCommitteealsohelda get
toknowyou lunch, courtesy of Validus, on
August9th
forallthenewBFISscholars,whichthey
greatlyappreciated.
Sponsorship: We are grateful to AON for its
pledgedsupportoftheBFISMentorNetworkingprogrammethroughTheRhondelleTankardMemorialFund.
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BFIS ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2012 10
CAREERGUIDANCE
EMPLOYMENT
Thisyeartherehasbeenasharpincreaseintherequestsforhelpinfindingemployment,withover70university
graduates,collegestudentsseekingvacationjobsandthoserecentlymaderedundantapproachingus. Wemeet
with
each
individual
and
help
them
create
a
personalized
plan
of
action
which
includes
reviewing
their
resume
and
theirjobsearchlist. Iftheyfeeltheywouldbenefitfromimprovingtheirinterviewskillsweareabletoarrangefor
themtohaveoneononetrainingwithaveryqualifiedHumanResourceprofessionalwewerefortunateto find
throughVolunteer.bm.
OnlythenwillweuploadtheirresumetotheBFISwebsiteandcirculatethe listto insurancecompaniesHuman
Resourcemanagers.Anincreasingnumberofourdonorcompaniesandotherswillalsolookatourwebsiteresume
listasagoodfirstlookresourcewhensearchingfornewemployees.
SCHOOLPRESENTATIONS
Ourannualschoolpresentationsprogrammetakes
us
into
the
high
schools
to
talk
to
the
senior
students about careers in insurance. We have
found it works well to have two BFIS alumni
accompany us, especially if they have graduated
from theschool theyarepresenting in. Thisyear
wealsoreceivedarequestfromBigBrothers&Big
Sisters to make an evening presentation to a
number of their Littles which was very well
received.
Wecontinue touse theCareers in InsuranceDVD
made
in
2007
as
it
is
still
relevant,
and
this
year
we
were
able
to
distribute
our
newly
published
20
page
Careers
In
Insurance booklet. This colourful magazinesize booklet highlights how the industry works, where the different
jobsfitin,whatskillsareneeded,aswellasthehistoryofBermudasinsuranceindustry.Anystudentswhowantto
learnmoreareinvitedtoattendalunchandlearnsession.
WealsomakepresentationsonscholarshipstohighschoolgraduatingstudentsinJanuary/Februaryeachyear.
Our thanks to the following BFIS alumni as well as other industry professionals* for assisting us with our
presentations,andtotheiremployersforgivingthemthetimetovolunteer:
RishiAggarwal
DanielBarker
Vicky
Borges
HannahButler
BeckyDaPonte
RoneikaHall
Shelle
Hendrickson
TiffanyHeslop*
SergioLottimore
JenniferPrescott*
Christina
Ratteray
KiaraSomner
TravisStevens
SharekaTucker
Jahvon
Washington
DeannaWilliams
EVENTS
BFIScontinuestohaveapresenceatcareereventsduringtheyear,includingthoseheldinBermudashighschools,
andwemakepresentationsattheinvitationofvisitinguniversitieshostingtheirowninsurancecareerevents.
BFISstaffassistedintheannualYouthHarvestingConferencewhichwasheldatXLHouseonOctober1112th
for
100highschoolstudents.Divided intoteams,theyfocusondifferentcareerareasandBFISrole istoconduct5
minuteinterviewsandselectthetopteninterviewees.
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11 BFIS ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2012
Wearealso findingthatweareastartingpoint foroverseasuniversitieswishingtobring insurancestudents to
Bermuda, such as the University of Georgia which brought a group of seniors to Bermuda in March, and the
Universities of Denver, Calgary and St. Josephs. St. Johns and Georgia State have also included us in their
presentationsinBermuda.
BFIS continues to be called upon by other organizations to recommend suitable students to participate at
insuranceeventsheldinBermuda.
ForthepastfiveyearsRenaissanceRehassought
our assistance in selecting five students to be
sponsored toattend theReinsuranceAssociation
of America's Seminars held in Bermuda (March
2021). This year two Bermuda College students
and three graduates took advantage of this
opportunity, attending the two day
ReUnderwritingattheFairmontHamilton.Aspartoftheprocesstheyhavetogivefeedbackoneachsessionand
allwereextremelyenthusiasticabouttheprogrammeandgratefulfortheopportunitytotakepart.
Participants(picturedabovewithNeilCurrie,CEO,RenaissanceRe):
JahkiSaltus..................BermudaCollege .............Business Administration
NatashaCamara...........BermudaCollege .............Business Administration
SeanTucker .................BabsonCollege................AccountingMSc .......................... GraduatedJan2012
LyndsayForrest............LafayetteCollege.............Business andEconomics ............. GraduatedMay2010completedOPTinUS
DonitaStevens.............TempleUniversity ........... RiskManagement&Insurance... GraduatedDec.2011
The organisers of theBermudaCaptive InsuranceConference (June 26) again asked BFIS to schedule student
volunteerstoassistattheconferenceinexchangeforattendingthesessionsandnetworkingevents.Thestudents
were given time off from their summerjobs to attend and found they not only learned a lot but thoroughly
enjoyedtheexperience.
Participants:AlanahBacon .................ColbySawyerCollege............................BusinessAdministration................Graduating2013
AnuliRoberts .................UniversityofHertfordshire ...................AccountingandFinance ................Graduating2013
GrahamSmith................DalhousieUniversity .............................Economics .....................................Graduate
TecheSmith ..................NewEnglandInstituteofTechnology...BusinessManagement .................Graduating2012
DonitaStevens...............TempleUniversity .................................RiskManagement&Insurance .....GraduatedDec.2011
Inearly2012wewereapproachedby lawfirmDrinkerBiddletocohostapaneldiscussionwiththem.Thistook
placeonJuly5th
attheHamiltonPrincessandaddressedtheFutureofState InsuranceRegulation intheUSand
issuesrelatingtotheDoddFrankAct. AsmallbutinterestedgroupattendedincludinganumberofBFIStrustees.
Twoofour recentscholarship recipients,Michael
Coles and Christopher Wright, volunteered to
assist
and
took
the
opportunity
to
network
at
the
party which followed. We were delighted to
receive a donation from Drinker Biddle for our
efforts.
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BFIS ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2012 12
MARKETING
ThispastyearwehavefocusedmoreonusingourwebsiteandFacebookpagetonotifyourstudentaudienceof
itemsofinterest,oftenattherequestofourdonorcompanies,suchasgraduatetraineeopportunities,internships
andstudentnetworkingevents.WealsopublicizetheBermudaInsuranceInstitutecoursesandexamwindows,the
ReinsuranceAssociationofAmericaseminarsandtheBermudaUnder40sevents.
Aswe
build
content
on
the
website
we
have
been
able
to
include
our
Careers
In
Insurance
booklet
as
well
as
the
shortmovieproducedforYourFutureTVfeaturingfourofouralumni,DeannaWilliams(1999),TravisStevens
(2010),JamesBotelho(2004)andCarliePeniston(2011).
WecontinuetoplacerelevantarticlesandadvertisementsonScholarships, Internships,CareersandScholarship
Recipientsinthelocalmedia,andthisyearutilizedtheCentreOnPhilanthropysquarterlyHandsAcrossBermuda
supplement intheRoyalGazettetohighlightandthankourdonors.
PROBONOTHANKS
WeextendsincerethankstoKPMGwhoformanyyearshaveundertakenourauditatnocost. Theynowhaveto
chargeanominalfeebutweremainmostgratefulfortheireffortsonourbehalf. Also,thanksareduetoQuorum
BermudaLimitedforassistingwithcorporatesecretarialissuesprobono.
SpecialrecognitionisduetoTracyKeill,ourTreasurerandalsoChairmanoftheFinanceCommittee. Wearetruly
indebted to her for her diligence in all BFISrelated financial matters. Her valuable guidance and the many
volunteerhourssheputsinaregreatlyappreciated.
COMMITTEECHANGES
Our thanks to those of our committee members who have decided to step down. This includes our Careers
Committeeasitnolongerhasasufficientlymeaningfulroleduetothefactthatmanyofitsgoalshavenoweither
been accomplished or form an intrinsic part of the daytoday BFIS operations (intern programme, resume
reviewing,schoolpresentations,etc.).ThementoringrolehasbeentakenoverbytheMentorNetworkCommittee
whichisrunbyBFISalumni. WearethereforetransformingtheCareersCommitteeintoaCareersResourceGroup
whosememberswecancallupononanasneededbasis.
BoardofTrustees ........................StuartMacKellar,ManagingDirector............................................................... Amlin
FinanceCommitteeChair ...........TracyKeill,Director............................................................................ PrimaryGroup
FinanceCommittee.....................ZikomoSimmons,RiskAnalyst.......................................................................... Orbis
ScholarshipCommittee
Chair
.....Meredith
Head,
SVP,
Property
Catastrophe .............................Tokio
Millennium
Re
MentorNetworkCommittee.......ShelleHendrickson,Underwriter....................................................................Chartis
CareersCommittee......................GerryBegeman,Dean,Div.ofBusinessAdmin&Hospitality........ BermudaCollege
CareersCommittee......................LynnOsborne(Chairman),HRManager ......................ColonialGroupInternational
CareersCommittee......................TammyBarclay,HumanResourceGeneralist................................. ValidusHoldings
CareersCommittee......................SusanBartlett,HRConsultant
CareersCommittee......................Dr.TrescottWilson,Dean,Div.ofBusinessAdmin&Hospitality.. BermudaCollege
CareersCommittee......................CrystalClay,DirectorofLearning&Development ..............................ACEBermuda
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13 BFIS ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2012
CareersCommittee......................CatherineLapsley,ExecutiveDirector ................................................................BFIS
CareersCommittee......................GraceLovecchio,VPAdministration...........................................WhiteMountains
CareersCommittee......................JuliePreece,DirectorofEducation&Training ............BermudaInsuranceInstitute
CareersCommittee......................TravisStevens~,Advisory................................................................................KPMG
Wearedelightedthatrepresentativesof fourofour longtermdonorcompanieshavejoinedourBoardandwe
have also strengthened our Finance Committee with two new volunteers. One of our longserving alumns has
movedfromtheMentorNetworkCommitteetotheScholarshipCommitteeandanotherBFISalumnhasreplaced
herontheMentorNetworkCommittee.
BoardofTrustees ............................................. MarkBerry,SVPandManagingDirector ....................................XLRe
BoardofTrustees............................................. JillHusbands,ManagingDirector/HeadofOffice................ MarshIAS
BoardofTrustees ............................................. CarlaWhitehurst,VPandSeniorLegalCounsel ........AlterraBermuda
BoardofTrustees............................................. TerryPimentel,President ..........................ArchInsurance(Bermuda)
FinanceCommittee........................................... AlistairBorder,ProfessionalWriter............................................. Orbis
FinanceCommittee.......................................... CarolFaries,AVP,AssistantController.......................................BF&M
ScholarshipCommittee ....................................ShelleHendrickson~,Underwriter...... AmericanInternationalGroup
MentorNetworkCommittee............................TravisStevens~,Advisory ......................................................... KPMG
Theimportance
of
the
strong
support
we
receive
from
our
volunteer
committee
members
is
paramount
to
the
ongoingsuccessoftheFoundationandensuresthatoureffortsarekeptrelevant,forwhichwethankthemallvery
much.Wealsohavemanyothersinourindustrynetworkwhoareunfailinglygenerousingivingtheirtime,evenif
itisonlytositdownoveracupofcoffeewithastudent.
From theDirectors viewpoint,knowing that wecanpickup the phoneorsendanemail request in thecertain
knowledgethatwewillgetahelpfulresponsemakesrunningtheFoundationawonderfullypositiveexperience.
Thankyoutoalloursupporters.
___________________
CatherineCRLapsley
ExecutiveDirector
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BFIS ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2012 14
BFISSLATEOFNOMINEES2012/2013
BOARDOFTRUSTEES
MichaelFisher(Chairman)................................ ManagingPrincipal .................................................Integro(Bermuda)
MarkBerry* .....................................................SVP andManagingDirector.........................................................XLRe
JeromeDill ....................................................... GeneralCounsel................................................................... ValidusRe
ReesFletcher ....................................................PresidentandCEO ......................................................... ACEBermuda
DurandaGreene
.............................................. President................................................................... Bermuda
College
MeredithHead ................................................. SVP,PropertyCatastrophe ..................................TokioMillenniumRe
JillHusbands* ..................................................ManagingDirector&HeadofOffice ................................... MarshIAS
TracyKeill......................................................... Director.........................................................................PrimaryGroup
CatherineLapsley............................................. ExecutiveDirector .........................................................................BFIS
GailMartin........................................................VP&Underwriter ............................................................HannoverRe
BethPiggott ...................................................... Retired..formerChiefCasualtyUnderwriter,XLInsurance(Bermuda)
TerryPimentel* ............................................... President.....................................................ArchInsurance(Bermuda)
DavidSkinner.................................................... CFO&COO................................................................. AspenInsurance
CarlaWhitehurst*............................................VicePresidentandSeniorLegalCounsel...................AlterraBermuda
EXECUTIVEOFFICERS
Chairman .......................................................... MichaelFisher,ManagingPrincipal........................Integro(Bermuda)
Treasurer* ....................................................... David
Skinner,
CFO
&
COO......................................... Aspen
Insurance
VicePresident................................................... TracyKeill,Director....................................................... PrimaryGroup
VicePresident..................................................GailMartin,VP&Underwriter ........................................HannoverRe
ExecutiveDirector ............................................ CatherineLapsley,ExecutiveDirector ........................................... BFIS
CorporateSecretary *...................................... JaneBielby,Administrator.............................................................BFIS
AssistantCorporateSecretary.......................... ................................................................................... QuorumLimited
FINANCECOMMITTEE
DavidSkinner(Chairman).................................CFO&COO................................................................. AspenInsurance
NeilAnderson ...................................................ManagerofAccounting ...................................................HannoverRe
AlistairBorder*................................................ProfessionalWriter...................................................................... Orbis
CarolFaries* ....................................................AVP,AssistantController............................................................BF&M
CatherineLapsley ............................................. Executive
Director .........................................................................BFIS
TracyKeill.......................................................... Director.........................................................................PrimaryGroup
SCHOLARSHIPSCOMMITTEE
DurandaGreene(Chairman) ............................ President................................................................... BermudaCollege
JonathanBall~..................................................AssistantUnderwriter................................................. CatlinInsurance
ShelleHendrickson~* .....................................Underwriter,HealthCare .................... AmericanInternationalGroup
StephenJones~................................................ VP ProfessionalLines....................................................ACEBermuda
CatherineLapsley ............................................. ExecutiveDirector .........................................................................BFIS
RajeshPachai~ .................................................Actuarial,ExcessCasualty.................................XLInsuranceBermudaMENTORNETWORKCOMMITTEE
JamesBotelho~(Chairman)............................. AVP,PricingActuary ............................................................ ValidusRe
JonathanAllen
~ ............................................... Underwriter,
Professional
Lines .....................................ACE
Bermuda
JenniferAraujo~............................................... UnderwritingAnalyst.................................................................. XLRe
DanielBarker~ ................................................. AVP,PricingActuary ............................................................ ValidusRe
JaneBielby ....................................................... Administrator.................................................................................BFIS
BeckyDaPonte~............................................... ExcessCasualtyUnderwriter
TravisStevens~* ............................................. Advisory.....................................................................................KPMG
DeannaWilliams~ ............................................ AVP,Underwriter......................................................................... XLRe
*Newappointees
~BFISalumni
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15 BFIS CHAIRMANS REPORT FOR THE YEAR ENDED JUNE 30, 2011
ADVISORYTRUSTEES
MitchellBlaser......................................................CEO.............................................................IronshoreInsuranceLtd.
MichaelButt ........................................................ChairmanoftheBoard...................................................AXISCapital
ScottCarmilani......................................................Chairman..................................................... AlliedWorldAssurance
AndrewCook ........................................................ExecutiveVP........................ BusinessDevelopment,AlterraCapital
NeilCurrie.............................................................CEO........................................................... RenaissanceReinsurance
BrianDuperreault.................................................President
&
CEO...............................................Marsh
&
McLennan
JeremyPinchin.....................................................CEO.................................................HiscoxInsuranceCo.(Bermuda)
ReesFletcher ........................................................CEO........................................................... ACEGroupofCompanies
GrantGibbons.......................................................DeputyChairman ................................ColonialGroupInternational
BrianHall ..............................................................RetiredChairman ............................. Johnson&Higgins(Bermuda)GeorgeHutchings .................................................SeniorVicePresident &COO .................OILManagementServices
DonKramer...........................................................CEO....................................................................................... ArielRe
PaulMarkey .........................................................Chairman...................................................... AONGroup(Bermuda)
PeterMullen.........................................................CEO............................................. AONGlobalCaptiveManagement
TimothyPeckett....................................................GeneralCounsel....................................................ArchReinsurance
GrahamPewter.....................................................CEO...........................................................................CatlinBermuda
RobertPorter........................................................CEO.............................................. PlatinumUnderwritersBermuda
BrianOHara ........................................................RetiredChairmanandCEO................................................. XLGroupKonrad
Rentrup ....................................................President
&
CEO..........................................
Hannover
Reinsurance
WalterScott..........................................................RetiredChairman,PresidentandCEO ....................................... ACE
RobinSpencerArscott..........................................Chairman,OperatingCommittee................WorldInsuranceForum
WarrenTrace........................................................VP,BranchManager ..........................SiriusInternationalInsurance
JohnWight............................................................President&CEO.....................................................BF&MInsurance
BFISCOMMITTEESMANDATES
FinanceCommittee
Exercise oversight and responsibility with respect to the Foundations material and strategic financial matters, including
thoserelatedtoinvestmentpoliciesandstrategies,capitalstructure,etc.;
Monitor the performance of the Endowment Fund and make recommendations as necessary with regard to investment
strategies;
LiaiseasnecessarywiththeFoundationsInvestmentAdviser;
Adviseand,asappropriate,makerecommendationstotheBoardwithrespecttosuchmatters.
ScholarshipsCommittee
Selectscholarshipapplicantstobeinterviewed;
Conductinterviewsandreachaconsensusonawardeesandawardamounts.
ReviewscholarshipcriteriaandawardsandmakerecommendationstotheBoard;
MentorNetwork
Committee
ManagetheBFISMentorNetworkprogrammetoensurethatstudentsandothersrequestinginsurancecareeradviceand
guidancehavetheirexpectationsmet;
Assignmentorstostudentsandotherslookingforamentor;
Encourageyounginsuranceprofessionalstobecomementors;
Provideopportunitiesforstudentsandyoungprofessionalstonetwork.
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BFIS CHAIRMANS REPORT FOR THE YEAR ENDED JUNE 30, 2011 16
PLEDGEDMEMBERSANDREPRESENTATIVES
ACEFoundation ....................................... SamanthaFroud,Trustee
AlliedWorldAssurance........................... AngelikaDavis,VP PropertyTreatyReinsurance
Alterra ..................................................... KipHerring,SVPandMarketingDirector
AmericanInternationalGroup................. GeorgeDove,SVP,HR&InternationalPayroll
AmericanOverseasRe(RAMRe)............ DavidSteel,PresidentandCEO*
Arch
Re .................................................... Matt
Dragonetti,
Arch
Charity
Committee
Chairman
ArielRe.................................................... MylesOrchard,SVP
AspenInsurance ......................................DavidSkinner,CFO&COO
Amlin........................................................ LisaFinnerty,HumanResourcesManager
AONGroup .............................................. VeneciaWarner,HumanResourcesManager
AXISSpecialty .......................................... CrystalAming,HumanResourcesManager
BermudaEducationServicesTrust.......... JohnNeal,President
BrianRHall
CatalinaRe............................................... JohnWeale,SVP
ColonialInternationalGroup ................... GrantGibbons,DeputyChairman,ColonialGroupInternational
ConyersDill&Pearman........................... ChristopherGarrod,Partner
HannoverRe ............................................ GailMartin,VP&Underwriter
MarshIASManagementServices............ JillHusbands,MD,HeadofOffice
OILManagement
Services
...................... Gail
Miller,
Vice
President,
HR
&
Admin.
PartnerRe ............................................... LindsayHyland,HumanResourceManager
PrimaryGroupLimited ............................ TracyKeill,Director
RenaissanceRe .......................................MaureenNusum,HumanResourceManager
Validus .....................................................JeromeDill,GeneralCounsel
Willis ....................................................... MichaelChilvers,ChiefOperatingOfficer
WorldInsuranceForum........................... RobinSpencerArscott,Chairman,OperatingCommittee
XLFoundation ......................................... AmandaOuterbridge,HeadofInternalCommunications,XLCapital
Zurich ...................................................... MaxineLawrence,HumanResourceManager*
*Newappointees
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17 BFIS CHAIRMANS REPORT FOR THE YEAR ENDED JUNE 30, 2011
BFISINTROTOINSURANCESUMMERINTERNPROGRAMME2012
HOSTINGCOMPANIESANDORGANISATIONS
Organisation/Company Locations
ABIR(AssociationofBermudaInsurers&Reinsurers..............................Bermuda
ACEBermuda/ACETempestRe/ACEUSA ............................................Bermuda ............... Atlanta............... Chicago
AlliedWorld
Assurance............................................................................Bermuda ............... Atlanta............... Chicago
Alterra..................................................................................................................... ............... Atlanta
Amlin........................................................................................................Bermuda
AON/AONBenfield ................................................................................Bermuda ............... Atlanta............... Chicago
Appleby....................................................................................................Bermuda
ArchInsuranceGroup..............................................................................Bermuda ............... Atlanta............... Chicago
ArielRe ....................................................................................................Bermuda
ArtexRiskSolutions .................................................................................Bermuda
Aspen.......................................................................................................Bermuda
AxisCapital/Speciality............................................................................Bermuda ............... Atlanta
BeecherCarlson(RichReynell)............................................................................... ............... Atlanta
BermudaMonetary
Authority .................................................................Bermuda
BermudaStockExchange ........................................................................Bermuda
Burns&Wilcox ....................................................................................................... ........................... ............... Chicago
Catalina.................................................................................................... Bermuda
ChartisBermuda/USA............................................................................Bermuda ............... Atlanta............... Chicago
CocaColaCompany................................................................................................ ............... Atlanta
ColonialGroupInternational...................................................................Bermuda
Crawford&Co. ....................................................................................................... ............... Atlanta
DepartmentofStatistics.......................................................................... Bermuda
HannoverRe ............................................................................................Bermuda
HinkhouseWilliamsWalshLLP ............................................................................... ........................... ............... Chicago
Horseshoe...............................................................................................Bermuda
Integro .....................................................................................................Bermuda ............... Atlanta
KPMG.......................................................................................................Bermuda
Lloyds ..................................................................................................................... ............... Atlanta
Marsh.......................................................................................................Bermuda ............... Atlanta
McGriffSiebels&Williams ..................................................................................... ............... Atlanta
Merlinos&Associates ............................................................................................ ............... Atlanta
OCIL/OILGroup......................................................................................Bermuda
PartnerRe................................................................................................Bermuda
PricewaterhouseCoopers ........................................................................Bermuda
SomersRiskConsulting........................................................................................... ............... Atlanta
SouthernCompany................................................................................................. ............... Atlanta
RenaissanceRe ........................................................................................Bermuda
SwissRe .................................................................................................................. ........................... ............... Chicago
Travelers ................................................................................................................ ............... Atlanta............... Chicago
ValidusRe ................................................................................................Bermuda
XLGroup ..................................................................................................Bermuda
Zurich...................................................................................................................... ........................... ............... Chicago
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CURRENTDONORS20112012asatDecember5,2012
DIAMONDLEVEL
$3.5millionandover
XLFoundation
SAPPHIRELEVEL
$1.5millionandover
ACEFoundation
RUBYLEVEL
$500,000to$1.5million
Alterra
PLATINUMLEVEL
$250,000to$500,000
AmericanInternationalGroup
AONFoundation
ArielRe
BrianR.Hall,OBE
ColonialGroupInternational
MarshBermuda
GOLDLEVEL
$150,000upto$250,000
AlliedWorldAssurance
ArchRe
AXISCapital
OILManagementServices
PartnerRe
SILVERLEVEL
$50,000upto$150,000
AmericanOverseasRe
AmlinBermuda
BermudaEducationServicesTrust
HannoverRe
ValidusRe
Zurich(Bermuda
BRONZELEVEL
$10,000upto$50,000
AspenInsurance
FlagstoneRe
TokioMillenniumRe
WalterA.Scott
Willis(Bermuda)
FRIENDSOFBFIS
upto$10,000
BermudaIndependent
UnderwritersAssociation
BF&M
CatlinInsurance
DrinkerBiddle
GIFTSINKIND
Donatedgoodsandservices
BermudaYellowPages
IslandPress
KPMG
PrimaryGroup
QuorumGroup