Charmans donate $30m to American university
A new library at a North Carolina university will be named for retired insurance executives John and Lorraine Charman, following a $30 million donation from the couple.
The news was revealed on Tuesday night at an event at High Point University in High Point, North Carolina. The couple’s s daughter Olivia is a student at High Point, studying criminal justice and psychology.
The Charmans’ gift was part of $100 million HPU recently received from three separate families to build a new library, expected to be completed in 2025-2026.
University president Nito Qubein called the Charmans “a wonderful couple”.
“They are planting seeds of greatness for HPU students like their daughter Olivia,” Dr Qubein said. “It is a blessing to have the advocacy and trust of people like John and Lorraine, who share our passion for a values-based education, and the lasting impact that a library will make on our students.”
The couple split their time between Bermuda and Florida.
Mr Charman retired recently from Sompo Holdings, where he served as the chief executive officer and executive chairman of the board of directors from 2013 to 2021.
Mrs Charman retired from a post as chief human resources officer at Axis Capital Holdings in 2006.
The Charmans gave their name to the Charman Prize, an annual juried art prize at the Masterworks Foundation in Paget.