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Meeting a Need
Established by leaders of Bermuda's insurance industry in 1996, BFIS is tasked with ensuring that Bermudian students are provided with opportunities to attain the education and training necessary for careers in Bermuda's insurance industry.
This is being achieved through scholarships, mentoring, internships and career guidance.
Click here to learn more about how you can support BFIS.
SPONSORS
Test your financial skills globally
If you are a student considering a career in finance, how can you show employers what you have to offer? The BAT (Bloomberg Assessment Test) is your opportunity to showcase your knowledge and skills to thousands of employers.
BMA Graduate Trainee Program
Interested in full-time employment opportunities at the BMA? Then click here to find out more about the program. Bermuda Monetary Authority Graduate Training Programme
Application Deadline: May 31, 2012
Something for everyone at the BII!
The following seminars, being held at the Bermuda Insurance Institute, are open for registration.
Insurance Induction (21, 24, 28 February, 2012 & 2 March, 2012)
Understanding the Basics of US & International Financial Institution Insurance Programs: How They Work, Common Issues and Claim Trends (14 March, 2012)
Liability Coverage Analysis – Common Exclusions (15 March, 2012)
FASB & IASB: Insurance Contracts Standard (12 April, 2012)
The 5 Choices to Extraordinary Productivity (25 & 26 April, 2012)
Opportunity for RMI students
The CPCU Society Annual Meeting Student Program provides opportunities for risk management, insurance and actuarial science juniors, seniors and graduate students to experience first hand the benefits of attending the Society’s prestigious yearly conclave. The 2012 CPCU Annual Meeting will take place in Washington, DC in September 8 -11 and the Bermuda CPCU Chapter have one guaranteed spot for a Bermudian student.
Opportunity for Bermuda College students
Renaissance Reinsurance is again offering to sponsor 5 Bermuda College students to attend the Reinsurance Association of America ReUnderwriting 2-day seminar being held at the Fairmont Hamilton Princess on March 20-21, 2012. Students who recently graduated university and have not yet entered the insurance industry can also apply.
HSBC Student Recruitment Roadshow
HSBC representatives from Human Resources and the Graduate Development Programme have started their annual Student Recruitment Roadshow. The next stop is on February 3rd, HSBC will host a student dinner in London, Ontario, home of the University of Western Ontario. Interviews will take place on February 3rd and 4th.
PERILS
Title: PERILS – Excellence in Insurance Industry Benchmarks
Location: KPMG – Crown House, 4 Par-la-Ville Road 6th floor
Description: Bermuda Unders 40s Knowledge and Networking presentation TONIGHT – RSVP is kindly requested for seating purposes – bdaunder40s@evolution.bm
Time: 5:30 – 6.15
Students learn about Accounting careers
Another group of high school students who signed up at the BFIS Careers Fair booth to learn more about careers in accounting were treated to a lunch n’ learn by PWC on Tuesday, Dec.13.
Students learn about underwriting careers
At the recent Careers Fair in October a number of high school students who were interested in insurance careers signed up at the BFIS booth to learn more about underwriting and Last Monday, December 12, they were treated to a lunch n’ learn by Renaissance Re.
BFIS celebrates 15th Anniversary at AGM
In his report to the Annual General Meeting of The Bermuda Foundation For Insurance Studies (BFIS) on December 5, 2011, Michael Fisher, BFIS Chairman said “I am extremely proud to acknowledge that BFIS has awarded scholarships to 108 students since our inception and that of the 78 graduates to date almost all are working in the industry.
CFA College Student Reception
Reception Invitation
CFA Link out: Click here
Description: Come meet local investment professionals and learn the answers to these and any other questions you may have regarding the investment management industry in Bermuda.
Start Time: 5:30 - 7pm Date: December 21st
Intern Program thank you
Last evening (Nov. 29) Debbie Babcock, Associate Director of the Katie School of Insurance and Financial Services at Illinois State University, in conjunction with BFIS, held a cocktail reception to thank all the people and companies who hosted the BFIS/ISU Intro-To-Insurance Summer Interns Programme.
CPCU Annual Conferment Ceremony
Title: Conferment Ceremony Invite - 2011
Location: XL House
Description: Open to all 2011 New Designees, CPCU Society Members, Candidates and those interested in completing the CPCU Designation.
Thursday, December 1, 5.30 - 8pm
Financing college
BermudaScholarships.com, the scholarships website for Bermuda, will have a booth at the International Colleges Fair on Thursday at the Fairmont Hamilton Princess. Come and find out how to create your profile and apply for scholarships online.
International Colleges Fair – Dec 1
If you’re graduating next year and still not sure about which college would be best for you, check out the Bermuda International College and University Fair this Thursday, Dec. 1 at the Fairmont Hamilton Princess. Open at 9.30am – 4pm (closed for lunch from 12.30 – 1.30).
BII’s Christmas Lunch
Location: Fairmont Hamilton Princess
Link out: Click here
Description: Get the festive season off to a great start on Tuesday 6th December, 2011 at The Bermuda Insurance Institute’s Annual Christmas Networking Lunch at the Fairmont Hamilton Princess.
An Appetite for Risk?
The IRM Bermuda Group will be hosting a thought provoking and educational session on the important topic of Risk Appetite on 29th November 2011, from 8am – 10am in the HSBC Harbourview Centre, 37 Front Street, Hamilton.
Students learn about actuarial careers
At the recent Careers Fair a number of high school students who enjoy mathematics signed up at the BFIS booth to learn more about careers in actuarial science and today they were treated to a lunch n’ learn by Validus Holdings – a BFIS donor company.
Insurance Induction – last chance to register
Last chance to register: for the Bermuda Insurance Institute’s November Insurance Induction Seminar(on 16th, 18th, 23rd and 25th November, 2011). This four morning in-depth seminar taught by industry professionals is intended to provide a good overview of the Bermuda Insurance Market starting with the basics of insurance and then delving into more specific topics.
Winning students lunch at Amlin
Ten students were rewarded for giving memorable interviews with an invitation to lunch with BFIS Trustee and Amlin CEO, Stuart MacKellar and some of his staff last Thursday at the new Amlin offices at 141 Front Street.
Bermuda Insurance Update
Just published, the Bermuda Insurance Development Council's latest newsletter.
The Bermuda Society Annual Dinner
Title: The Bermuda Society Annual Dinner
Location: The House of Lords
Link out: Click here
Description: The Bermuda Society is holding its 25th Annual Dinner for Members and Guests at The House of Lords, London. The dress code will be Black Tie and the event will commence with a Reception at 7.30 pm. Dinner will be served at 8.00 pm (all persons must leave the Palace of Westminster by 11.00 pm).
Date: Nov. 23, 2011
Edinburgh Business School of Heriot-Watt University Info Session
Title: Edinburgh Business School of Heriot-Watt University Info Session
Location: Fairmont Hamilton Princess
Link out: Click here
Description: Interested parties from the Bermuda Insurance Institute (students, faculty, and Executive team alike) are invited to attend.Time: 6 - 8pm
Date: October 20th
Raising money for GSU scholarships
Title: GSU Bermuda Railway Trek
Location: Somerset to Shelly Bay
Description: Join friends and colleagues in supporting the Georgia State University Bermuda Scholarship Fund through being sponsored to walk from Somerset to Shelly Bay. strong>Start Time: 8am Date: November 10th
Bermuda (Re)insurance 2011
Title: Bermuda (Re)insurance 2011
Location: Fairmont Hamilton Princess
Link out: Click here
Description: PwC and Standard & Poor's are joining forces for their 6th Annual Bermuda (Re)insurance Conference. Speakers include Michael Butt, Mark Bryne, Ed Noonan and William Pollett.
Register today.
Start Date: 2011-11-08
End Date: 2011-11-09
Careers Fair this week
The annual careers fair is being held at Bermuda College this Thursday and Friday, October 13 and 14 from 10am to 3pm. Visit the BFIS booth (#6 in the Gym) and talk to us about your career goals. We’ll be there both days.
Read about our Rising Stars
Several BFIS alumni are featured in the Fall Edition (out this week) of The Bermudian in their Rising Stars feature. Read all about them in the digital edition starting at page 78. Congratulations to Shelle, Devin, James, Jonathan, Raquel and Sergio.
Congratulations on professional designations
More than 100 budding young insurance professionals turned out to receive their newly-attained qualifications at the Bermuda Insurance Institute’s (BII) Insurance Education Awards Luncheon held at the Fairmont Hamilton Princess yesterday. Photo by Akil Simmons. Read full story
Rhodes Scholarship application deadline – Oct 21
Each year, there is one Scholarship available in Bermuda to enable an outstanding student – chosen on the basis of exceptional intellect, character, leadership, and commitment to service – to study at the University of Oxford. The first Rhodes Scholar from Bermuda was selected to come to Oxford in 1904, and since that time nearly 100 students from Bermuda have been awarded this prestigious scholarship. Applications (for undergraduate students aged between 19 and 25 who have completed at least 3 years of their degree studies) for the 2012 Scholarship have now opened and will close on 21 October 2011.
Postponed till 21st: Bermuda Under 40s (re-re-scheduled) Cocktails – thanks to ‘Maria’
Title: Bermuda Under 40s Cocktail Party
Location: Lemon Tree Cafe
Link out: Click here
Description: Re-scheduled cocktails at Lemon Tree!
Cost: Tickets $5 (includes a free drink)
Buy tickets in advance by emailing a Committee member. All pre-purchased tickets will be valid.
Raffle prizes and drink specials
Date: Thursday, September 21 Time: 5:30 until…
RAA Scholarship Winner
We are pleased to announce that Sofia Lama will be attending the ReClaims two-day course in New York this week. New this year, the Reinsurance Association of America’s Patrick A. Thiele Scholarship, administered through BFIS, was offered to insurance-focused students to attend one of the RAA courses being held in the US or Bermuda.
CPCU Student Research Award Program
Announcing the brand-new CPCU Society Student Research Program – a great opportunity for promoting yourself within the industry, monetary award, free attendance to 2012 CPCU AGM, and a free CPCU exam. You have to let them know you want to participate by September 15th – so don’t delay! (Papers Due: March 1, 2012).
Insurance course scholarship in NY
Bermudian students studying insurance-related subjects in New York – don’t miss this great opportunity! The Reinsurance Association of America is offering a scholarship for one student to attend one of their education seminars being held in New York. ReClaims, September 14-15, or ReFinance, October 4-5.
End of Summer Networking Party
Early evening Thursday, August 5 saw 50 students and insurance professionals gather for the BFIS End of Summer Mentor Networking Party.
Summer Interns Presentations
All 12 of this years ‘Intro-to-Insurance’ summer intern programme participants made their team presentations to 40 BFIS donors, trustees and students demonstrating what they learned from their experiences in the Bermuda, London and Chicago insurance markets.
End of Summer Networking
On Thursday, August 11, the BFIS Mentor Network Committee will be hosting a networking party for BFIS scholars, alumni and mentors as well as other invited insurance-career focused students.
Bermuda Insurance Underwriting Conference
Location: Fairmont Hamilton Princess Hotel
Date: September 14 and 15, 2011 - 8: 30 to 4pm
Link out: Register thru the Bermuda Insurance Institute
REGISTER NOW to ensure your place on this 2 day forum to hear leading market executives examine the underwriting issues facing Bermuda’s International Insurance Market. This conference will appeal to underwriters, brokers, claims managers and affiliated support staff in Bermuda’s insurance industry.
Congratulations 2011 Scholars
On Friday July 15, 2011, exactly 15 years since the Bermuda Foundation For Insurance Studies was established, eight more students became BFIS Scholars, joining the 101 students who have already benefited from educational funding from the Foundation.
Congratulations BFIS Graduates!
Congratulations to BFIS scholarship recipients who graduated this year! Shown here are Victoria (centre) and Carlie with BFIS Chairman, Michael Fisher at the Awards Reception last Friday.
College Student Networking Event on Thursday
If you’re a college student don’t miss out on the excellent annual event put on by Business Bermuda. For more information go to http://www.csne.bm. BFIS will have a booth in the Exhibition Hall right opposite the entrance, so come and talk to us about careers in insurance.
Jane went up to Buckingham Palace
Jane Bielby, our other BFIS employee, has just returned from receiving her MBE from HM The Queen at Buckingham Palace. Jane received this award for her services to the Girl Guides over the past 35 years. Congratulations Jane!
Chicago Intern Program starts
Akira Robinson, Ashley Madeiros, Derek Pailing and Kiara Somner start their intensive 2 week ‘Intro-to-Insurance’ today. They’ll be visiting Zurich, Allied World, Swiss Re, Hinkhouse Williams Walsh LLP, ACE USA, Aon, Travellers, Chartis, Arch Insurance and Gen Re.
Another BFIS Alumni FCAS
CONGRATULATIONS to Hannah Butler who has just passed her final exam and is now a Fellow of the Casualty Actuarial Society (FCAS). Hannah attended Berkeley Institute and went on to study actuarial science at Temple University, graduating in 2005.
BFIS Alumn gains FCAS
CONGRATULATIONS to James Botelho who has just passed his final actuarial exam and is now a Fellow of the Casualty Actuarial Society. To quote James: “It feels great to be done after 9 years of studying for exams!”
Scholarship decision time
Having interviewed 30 out of the 101 applicants for the 2011 BFIS scholarship awards, the Scholarship Committee is now in the process of deciding who will be awarded a scholarship. Students will be notified at the end of next week (July1).
Networking is important
On June 10, BFIS held the first of our summer Mentor Network gatherings at ACE Bermuda. (Our thanks to the ACE Foundation).
BFIS assists at Insurance Day Summit
Thank you to the organisers of the Insurance Day Summit currently taking place at the Fairmont Hamilton Princess for giving two BFIS students the opportunity to help out at the conference in exchange for attending the sessions.
Insurance Induction – register now for September
Title: Registration open for Sept. 14th, 16th, 21st and 23rd)
Location: Bermuda Insurance Institute
Link out: Click here
Description: Four morning in-depth seminar taught by industry professionals provides a good overview of the Bermuda Insurance Market starting with the basics of insurance and then delving into more specific topics.
Last chance to register for June 22
Title: Key Bankruptcy Issues & Strategies for Insurers
Location: Bermuda Insurance Institute
Link out: Click here
Description: This seminar will provide a comprehensive overview of everything an insurer needs to know about bankruptcy issues and strategies, as well as current trends in cross border insolvencies.
BFIS scholars at Captive Conference
As in past years, BFIS students and graduates have been given the opportunity to assist at the Bermuda Captive Conference taking place this week at the Fairmont Southampton Princess Hotel. In exchange for helping the organisers, the volunteers get to attend sessions and further increase their knowledge of the insurance market.
Bermuda Interns lunch with Michael Butt
During the second week of the 3 week BFIS Bermuda Intro-to-Insurance Summer programme, the interns had the opportunity of lunching with Michael Butt, Chairman of the Board of AXIS Capital and one of the founders of BFIS. (From left: Teniko Eve, Ebony Brockington, Michael Coles, Michael Butt, Allen Kus, Scott Adams and Jennifer Medeiros).
London Interns – First week
“In the past 4 days (Monday being a UK Public Holiday) we have learned so much new and valuable information. We all agree that we have been blown away by the presentations and the information that has been shared with us. We’ve all got so much to think about now. Lloyd’s is phenomenal, both as a building and as such a unique insurance market. We will have lots to tell you once we return.
BFIS Bermuda College Scholarships
NEW! 2 scholarships of $2,000 a year, and tenable for up to 2 years, are offered to assist full-time students at Bermuda College in the Associate Degree programme studying subjects relevant to the insurance industry. Application Deadline: June 30
Bermuda Under 40s Market Golf Day
Location: Tuckers Point Golf Course
Description: Format: Captain’s choice.
Teams: Enter a team of 4 or we can add you to a 4-ball team if you’re an individual/pair wanting to play.
Cost: $150 per person which includes green fees, cart and some food after the round.
More info: bermudaunder40s@evolution.bm
Start Time: 12:30 for 1pm shotgun startDate: 2011-07-04
BFIS interns head to London
Two BFIS scholars fly out this evening to London for the start of the 2-week BFIS Intro-to-Insurance Summer Intern Programme, where they will meeting up with two other Bermudians who have already arrived from New York and Scotland.
Insurance Day Summit Bermuda
Location: Fairmont Hamilton Princess Hotel
Link out: Click here
Start Date: 2011-06-14
End Date: 2100-06-15
Bermuda Intro-to-Insurance starts
BFIS Intro-to-Insurance Summer Intern Programme in Bermuda started for 6 insurance-focused undergraduate students. Now in its 10th year, the Bermuda programme, run in partnership with the Katie School of Insurance and Finance, is a comprehensive syllabus covering all aspects of the insurance market from the regulations governing company formations to work-shadowing underwriters.
Business Bermuda CSNE
Title: Business Bermuda College Student Networking Event
Location: Fairmont Hamilton Princess Hotel
Link out: Click here
Description: College and college-bound students - come along to meet professionals in our exhibit area, attend careers seminars and take part in our famous speed networking session.
Date: July 21, 2011
Start Time: 4:00 PM
End Time: 8:00 PM
RIMS students
Students from the Katie School of Insurance and Finance meet our Premier at RIMS. Allan Kus, who will be coming to Bermuda this summer to study the insurance industry and Laura Nance, who visited last summer, met with The Hon Paula A. Cox, JP, MP at the Bermuda booth at the RIMS Conference held in Vancouver at the beginning of May.
Graduate Trainee Programs
Application Deadlines are approaching for the following 2011 Graduate Trainee Programs:
ACE Bermuda Deadline: May 27
Hiscox Bermuda Deadline: May 30
Bermuda Monetary Authority Deadline: May 31
BFIS Alumni running for BFIS
BFIS Graduate 2010 , Jahvon Washington, is running in the May 24th Marathon and has chosen BFIS as his charity. How it works is that "The Derby" has opened the 'charitable giving' element to all registered charities. As a result, all runners will be able to donate a portion of their registration fee to the registered charities of their choice. So, THANK YOU Jahvon and maybe others will encouraged to follow your lead by registering at www.bermudamarathon.bm and choosing Bermuda Foundation For Insurance Studies.
Final week for scholarship applications
April 30th is the deadline for the BFIS Scholarship applications. Apply online through our listing on www.bermudascholarships.com. Open to students planning careers in the insurance industry and studying subjects relevant to the industry with a GPA of 3.0 or above. BFIS Overseas Scholarships are $25,000 a year for 2 years - open to all undergraduate and post-graduate years. The BFIS Signature Scholarship is worth $30,000 a year for up to 4 years open to undergraduates.
Math Olympiad Registration Deadline
Title: Math Olympiad Registration Deadline
Location: Berkeley Institute
Description: Centre for Talented Youth Bermuda Math Olympiad taking place on May 1st. For young mathematicians aged 10-17 years old. Registration deadline April 29th - Email: cty@tbinet.bm or call 296-7259
Date: 2011-04-29
Welcome!
Welcome to our redesigned website - just in time for our 15th Anniversary - thanks to the developers, Bermuda Internet Marketing who did a great job at a charity rate! We invite you to take a look through the site, and send us your comments. BFIS scholars and interns: please check out your profile and send us your career updates.
Knowledge & Networking Event: May 3rd
“Investments: Insights for our industry”. This event will take a look at the current challenging investment environment and the implications for insurers/ reinsurers. Panel will include investment professionals from inside and outside the industry to provide insights into ways insurers/ reinsurers are navigating the present environment and how this affects other areas within the organization. Time: 6:30pm followed by cocktails. Venue: KPMG. Please RSVP
BII Insurance Industry Awards 2011
The Bermuda Insurance Institute (“BII”) is pleased to announce the winners of the Thirteenth Annual Insurance Industry Awards. The recipients will be honored at a gala dinner to be held on May 21, 2011 at the Fairmont Hamilton Princess.
Hiscox Bermuda Graduate Programme
Hiscox Bermuda are searching for two Bermudians who will be graduating this summer (or who graduated in 2009 or 2010). This year they are looking to hire an Underwriting Trainee and an Operations Trainee.
Charity mountain climb
BFIS Scholar, Robbie Maycock, sent this update having just finished a hike up Mount Kilimanjaro with the organization Mountains for Moms (www.mountainsformoms.org). “We hiked with the intent of raising awareness for our cause, Obstetric Fistula, alongside our fund raising efforts. The ascent to the summit, at 19,340 feet, was perhaps the most testing challenge of my life, not only physically, but mentally and emotionally.
Students attending RIMS
If you are a Bermudian insurance student who will be attending the RIMS Conference in Vancouver this May, can you please email BFIS to let us know.
New BII Seminars
Registration is currently open for the following: Finance for the Insurance Professional (7th & 8th April, 2011). An Introduction to Catastrophe Reinsurance (12th May, 2011). Insurance Induction (11th, 13th, 18th and 20th May, 2011)
Willis renews pledge
Thank you to Willis (Bermuda) for renewing their support of BFIS with a pledge of $1,500 a year for the next 3 years. Willis made their first donation to BFIS in 1999.
Arch renews pledge
Thank you to Arch Reinsurance for renewing their pledge to BFIS with a total donation of $50,000 for the next 3 years. Arch have been a BFIS donor since 2003.
BFIS Scholar studying in Perth
BFIS Scholar Tim Fox write from Perth where he has just arrived on an exchange semester from Queens University in Canada to the University of Western Australia. He’s in his Junior year studying Business.
BFIS Scholarships 2011
Applications are open for this year’s BFIS Scholarships. Deadline is April 30th. Apply for our scholarships by creating a profile on www.bermudascholarships.com and then uploading required documents such as essay. There is no ‘application form’ – the student’s profile and uploaded documents are the application.
Home school students learn about insurance
As part of BFIS’ career information programme, Star Academy students had the opportunity to find out about the insurance industry from BFIS Alumni, Jonathan Ball (Catlin) and Travis Stevens (KPMG).
2010 AWARD RECIPIENTS
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Eoin McMahon
BFIS Scholar 2011
Actuarial Science
Southampton University, UKGraduating 2014
Saltus Grammar School
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Juliette Ferrari-McComb
BFIS Scholar 2011
Mathematics
Surrey University, UKGraduating 2013
Westminster School, CT
Bermuda High School For Girls
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Emily Potts
BFIS Scholar 2011
Information Technology
Stirling University, NY
Graduating 2013
Bermuda High School For Girls
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Nikki-Lynn Marshall
BFIS Scholar 2011
Economics
Boston UniversityGraduating 2014
Bermuda High School For Girls
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Andrew Fubler
BFIS Scholar 2011
Business and Finance
Mount Saint Vincent University at Bermuda CollegeGraduating 2012
Cedarbridge Academy
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Devin Page
BFIS Post-Graduate Scholar 2011
Business and International Affairs
Georgia Institute of TechnologyGraduating 2013
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Teniko Eve
BFIS Scholar 2010
Risk Management and Insurance
St. John’s University, NYGraduating 2013
Li Po Chun United World College of Hong Kong
Warwick Academy
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Jaryn Martin
BFIS Scholar 2010
Actuarial Science
University of Western OntarioGraduating 2014
Saltus Grammar School
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Ebony Brockington
BFIS Scholar 2010
Accounting
Temple UniversityGraduating 2012
Bermuda College
Cedarbridge Academy
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Robert Maycock
BFIS Scholar 2009
Economics and Math
Dartmouth CollegeGraduating 2012
IS Language School, France
Wycliffe College
Saltus Grammar School
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Helen Crisson
BFIS Scholar 2010
Applied MAth and Statistics
JOhns Hopkins UNiversityGraduating 2014
Bermuda High School for Girls
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Antionay Tankard
BFIS Scholar 2009
Business
Howard UniversityGraduating 2011
Bermuda College
Berkeley Institute
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Dominique Richardson
Bermuda Scholar 2010
Business Finance
Barry UniversityGraduating 2014
Berkeley Institute
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Robert Jardine
Bermuda Scholar 2009
Economics, Management and IT
St. Andrew’s University, UKGraduating 2012
Strathallen School
Saltus Grammar School
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Brittany DeFrias
BFIS Scholar 2010
Risk Management and Insurance
St. John’s University, NYGraduating 2014
Saltus Grammar School
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Michael Coles
BFIS Scholar 2010
Finance and Insurance
Northeastern UniversityGraduating 2014
Saltus Grammar School
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Ashley Madeiros
BFIS Scholar 2010
Risk Management and Insurance
St. John’s University, NYGraduating 2012
Bermuda High School for Girls
Copyright © 2011 Bermuda Foundation For Insurance Studies