Bermuda College Foundation announced today that construction of the state-of-the-art Career Development Centre at Bermuda College has officially commenced. The project was made possible after a $3.5 million donation by several Bermuda-based (re)insurers including Athene Life Re Ltd., a reinsurance subsidiary of Athene Holding Ltd. (“Athene”) (NYSE: ATH), Athora Holding Ltd., Aspen Insurance Holdings Limited and Catalina Holdings (Bermuda) Ltd. The four companies have also committed an additional $300,000 of funding for the Centre bringing the total donation amount to $3.8 million.

The Bermuda College Foundation received a $100,000 grant from Bank of Bermuda Foundation to help students in financial need in the upcoming school year. Funds will also help returning students who may have difficulty paying outstanding fees from this academic year as a result of Covid-19.

The Bermuda College Foundation was officially launched at a reception at Government House, with the Foundation aiming to develop philanthropic partnerships throughout the community on behalf of the College.