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Businesses unite to raise $1m for supplies

Businesses have raised more than $1 million for medical equipment for the Bermuda Hospitals Board.

A BHB spokeswoman said the fundraising effort by Bermudian and international companies had pulled in $1,044,000 to help pay for essential medical supplies such as personal protective equipment and ventilators.

Mike Krefta, the chief executive of insurance firm Hiscox, who helped co-ordinate the campaign, said: “Coronavirus is affecting all of us in some way, and so all of us must contribute to the response.

“I'm really proud of how Bermuda's insurers, reinsurers, brokers, investment managers, local insurance companies, financial service companies and medical associations have come together to support the hospital at this time.

“But, like everyone, I'm even prouder of the work that those on the frontline are doing, so I hope our collective contribution makes a real difference for them.”

Venetta Symonds, the BHB CEO, said: “We are extremely grateful for this donation, which helps the hospitals, staff, patients and country by purchasing vital medical supplies at a time of great financial and social uncertainty. Our appreciation goes to the donors who are helping us care for those most seriously sick with Covid-19.

“We have prepared to the best of our ability to meet the potential challenges ahead and this donation means so much to us as we seek to protect and equip our staff and provide the critical care services people may need to save their lives.”

Companies that contributed included Allied World, AmTrust Group, Aon, Ascot Bermuda, Aspen, Assured Guaranty, Australia-Japan Cable Limited, Axa XL, Axis, the Bermuda Chiropractic Association, the Bermuda Dental Association, the Bermuda International Long Term Insurers and Reinsurers, the Bermuda Medical Doctors Association, BF&M, and Catalina Holdings.

Also contributing were Chubb, Colonial, CPGB Insurance Management, Enstar, Fidelis, Fidelity International, Guy Carpenter, Hannover Re, Hiscox, Jardine Matheson, KPMG, Lancashire, Liberty Specialty Markets, Markel, MS Amlin, Oil & Ocil, Orbis Management, Par-La Ville Dental, QIC Global, Sompo International, Third Point Re, Transatlantic Re and Willis Re.

King Edward VII Memorial Hospital (File photograph)

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Published April 16, 2020 at 9:00 am (Updated April 16, 2020 at 9:04 am)

Businesses unite to raise $1m for supplies

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