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Reinsurance company donates more than $250,000 to charities

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More than $250,000 was donated by a reinsurance company to island charities last year.

A spokeswoman for Athene Life Re said that the firm had made the donations as part of its “ongoing commitment to giving back to the community".

Natasha Scotland Courcy, a senior vice-president, general counsel and chief operating officer at the company, said: “Athene is honoured to be able to support so many incredible organisations that make a positive difference in the Bermuda community.

“We look forward to continuing to make an impact through philanthropic giving, volunteer service, and community outreach in the years ahead.”

Seventeen island charities benefited from the $252,702 donated by the firm in 2021.

The spokeswoman added that the groups’ efforts were in line with Athene’s “championed causes”, which are education, human services, health and wellbeing, and environmental sustainability.

Donations ranged from $2,000 to more than $30,000.

They included funding for two Bermuda Foundation for Insurance Studies scholarships and seven students in the Bermuda College Work Study Programme.

Donations were also made to the Coalition for the Protection of Children, Bermuda Red Cross, Big Brothers Big Sisters and the Mirrors Alumni and Friends Association.

Funds were given to WindReach, Pals, Family Centre, the Bermuda Sloop Foundation and Vision Bermuda.

The Women's Resource Centre and the Heron Bay Primary School PTA received donations.

Money was also given towards sponsorship of the End-to-End and the Rotary Clubs of Bermuda golf tournament.

Athene joined other Bermudian-based insurers and reinsurers to lead a two-year initiative to fund the development of a state-of-the-art career development centre at Bermuda College.

Construction started last spring after a $3.5 million donation from companies with a further $300,000 commitment.

The centre is expected to offer programmes in several sectors to boost workforce development and training.

* For more information about Athene’s corporate social responsibility work, visitathene.com/corporate-social-responsibility.

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Published February 28, 2022 at 7:51 am (Updated February 28, 2022 at 7:42 am)

Reinsurance company donates more than $250,000 to charities

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