Bermudian-based BF&M Limited has appointed Bruce Walker as EVP, group chief financial officer of the BF&M Group.

Mr Walker has more than 25 years of extensive risk and capital management experience.

He was a former CFO and transformational leader at ACE INA Insurance and more recently served as chief risk officer at Chubb Insurance Company of Canada.

In this role, he was responsible for implementing an enterprise risk management framework and reporting programme as well as partnering with the chief actuary and CFO to provide strategic analysis and portfolio optimisation.

Mr Walker oversaw catastrophe and casualty reinsurance treaty placements for Canada, and was chairman of the Chubb Canada investment committee.

BF&M said Mr Walker has also held senior leadership positions internationally with Royal & SunLife Alliance Insurance Group in the US and the UK.

He began his career with Deloitte & Touche in Canada.

John Wight, group chairman and CEO of BF&M Limited, said: “Bruce brings international insurance industry expertise and an effective blend of technical knowledge, strategic acumen and operational management insight.

“His perspectives will be a great addition to the group executive team and we look forward to a productive collaboration.”

Mr Walker has CA and CPA designations, and a degree in political science and economics from McGill University.

BF&M Limited is the holding company of the BF&M group of companies. The two largest operating companies within the BF&M Group are BF&M Life Insurance Company Limited, a provider of life, health and pensions products, and BF&M General Insurance Company Limited, the general insurer providing all forms of property, casualty, motor and marine products.

The BF&M Group includes several other companies including BF&M Investment Services Limited, BF&M Properties Limited, (including Scarborough Property Holdings Limited and Barr’s Bay Properties Limited), and Island Heritage Insurance Company Ltd.