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Legal & General Reinsurance launches industry-wide initiative to provide free laptops to Bermuda students
‘Lighthouse Connect’ aims to raise funds to provide all Bermuda public (state) school students with laptops, in partnership with the Mirrors Programme and the Bermuda Community Foundation.
1 May 2020
(Hamilton, Bermuda – 1 May 2020) – Bermuda-based Legal & General Reinsurance (“L&G Re”) today launched the ‘Lighthouse Connect’ fund at the Bermuda Community Foundation in partnership with the Mirrors Programme to raise funds to provide free laptops to all Bermuda public school students. Lighthouse Connect is part of L&G Re’s ‘Lighthouse Project’, aimed at supporting Bermudian education initiatives including scholarships, internships and a graduate programme.
Thomas Olunloyo: "Our goal is to raise enough funds to provide every public school student in Bermuda with a laptop. The island will recover from this pandemic, but we need to make sure no student is left behind. We are calling on other companies to assist in our efforts by donating what they can to ensure this generation of students remains on track to achieve both their potential and their dreams."
Further information
Margrit Williams
Director of External Engagement
Legal & General Capital
Liana Hall
unstoried
+1-441-703-4255
liana@unstoriedcomms.com
Notes to editors
Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY23) of which c40% (circa £0.5 trillion) is international.
We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.
As at 7 June 2024, we estimate the Group’s Solvency II coverage ratio to be 224%.
As at 11 June 2024, Legal & General has a market capitalisation of £14.6 billion.
Legal & General Reinsurance is the Bermuda-based global reinsurance hub of Legal & General, offering life and annuity reinsurance solutions.
Legal & General Reinsurance comprises three reinsurance companies (Legal & General Reinsurance Company Limited, Legal & General Reinsurance Company No.2 Limited, and Legal & General America Reinsurance Limited) bringing together Legal & General’s global reinsurance businesses as one operation in Bermuda. Currently we provide specialist life reinsurance solutions, focused on Pension Risk Transfer (PRT) business and internal reassurance to the wider Legal & General Group.
We strive to become a trusted partner of every company we work with, acting as an extension of their businesses and helping them realise additional value. Since 2014, Legal & General Reinsurance has written third party business in the Netherlands, Ireland and Canada in addition to internal business from the UK and US.