BF&M
BF&M is a Bermuda-based insurance and financial services company founded in 1903 that, through its merger with Argus, operates as Allshores Limited, providing integrated health, wealth, personal, and commercial insurance solutions across 18 jurisdictions in Bermuda, the Caribbean, and Europe.
- Company typePrivate
- Founded1903
- HeadquartersPembroke, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What BF&M does
BF&M is a Bermuda-based insurance and financial services company founded in 1903 that, through its merger with Argus, now operates under the Allshores Limited brand serving 18 jurisdictions across Bermuda, the Caribbean, and Europe. The company delivers an integrated suite of insurance, health, and wealth solutions organized into two core divisions: Health + Wealth (group health, group pension, group life and disability, individual health insurance, individual wealth/investments, wellness programs, and care coordination) and Insurance (personal and commercial property, casualty, motor, and marine coverage). Revenue is generated primarily through recurring insurance premiums, health insurance premiums, wealth management fees, and employee benefits administration across a customer base spanning individual consumers, employers, and commercial businesses.
The company operates through direct-to-consumer distribution via its website platform (allshores.com) and customer support channels, targeting both individuals seeking personal insurance and wealth products and employers seeking comprehensive group benefits packages. The underlying technology is described as an integrated insurance and financial services technology platform serving island communities, though specific technical architecture details are not disclosed in the source material. The business holds an AM Best 'A' (Excellent) financial strength rating and maintains 251-500 employees. Marketing is conducted through a multi-channel approach including the corporate website, LinkedIn, Facebook, and Instagram, with investor relations and shareholder services supported through a dedicated investor section on the website.
The combined entity positions itself around an "island strong" preparedness philosophy, emphasizing tools, partnerships, and programs that empower small island communities. The merger consolidates nearly 200 years of combined BF&M and Argus heritage, with the new Allshores brand unifying previously separate insurance, health, and wealth operations. Pricing is quote-based and varies by individual circumstances, coverage needs, and jurisdiction, with no publicly disclosed pricing schedule. The ownership structure and investor composition are not disclosed in the available data.
BF&M firmographics
Firmographics- Name
- BF&M
- Legal name
- Allshores Limited
- Website
- https://bfm.bm
- Company type
- Private
- Founded year
- 1903
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- BF&M is a Bermuda-based insurance and financial services company founded in 1903 that, through its merger with Argus, operates as Allshores Limited, providing integrated health, wealth, personal, and commercial insurance solutions across 18 jurisdictions in Bermuda, the Caribbean, and Europe.
- Ownership category
- akta.pro rank
BF&M industry classification
Industry- Product category
- Insurance
- NAICS
- Insurance Carriers and Related Activities (524), Direct Life, Health, and Medical Insurance Carriers (52411), Direct Health and Medical Insurance Carriers (524114)
- SIC
- Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)
- akta.pro primary industry
- Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ)
- akta.pro secondary industries
- Inland Marine / Personal Articles & Valuable Items Insurance (FSAJACAJ), Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB), Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH)
Keywords
Where BF&M is headquartered
LocationHeadquarters
- HQ city
- Pembroke
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
BF&M business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Insurance premiums: Revenue generated from personal and commercial insurance policies including property, casualty, and other risk coverage products.
- Health insurance premiums: Recurring premiums from individual and group health insurance coverage, including employee benefits health plans.
- Wealth management and investment services: Fees and commissions from individual investment products and group pension plan administration services.
- Employee benefits administration: Revenue from administering group benefits including health, life, disability, and pension plans for employers.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
BF&M product offering
Product offeringCore offering
BF&M, now operating as Allshores following its combination with Argus, provides insurance, health, and financial services products across 18 jurisdictions in Bermuda, the Caribbean, and Europe. Its core offerings span residential and commercial property insurance, casualty, motor and marine products, employee benefits plans (group health, group pension, group life and disability), individual health insurance, individual wealth and investment products, wellness programs, and care coordination services.
Product overview
Allshores is a unified insurance, health, and financial services platform formed from the combination of BF&M and Argus. With nearly 200 years of combined experience, the company offers three interconnected service pillars: Health + Wealth (employee benefits plans, group health/pension/life & disability insurance, individual health insurance, individual wealth/investments, wellness programs, and care coordination) and Insurance (personal insurance and commercial insurance). The company serves 18 jurisdictions across Bermuda, the Caribbean, and Europe.
Differentiator
Problem solved
Functional benefit
Products and services
- Health + Wealth Comprehensive health and financial services platform offering employee benefits (group health, group pension, group life and disability), individual health insurance, individual wealth/investments, wellness programs, and care coordination services for both employers and individual consumers.
- Employee Benefits Employer-focused benefit plans bundling group health insurance, group pension plans, and group life and disability coverage for teams.
- Group Health Employer-provided health insurance plans covering employees and their dependents.
- Group Pension Employer-sponsored retirement and pension savings plans for employees.
- Group Life and Disability Employer-provided life insurance and disability coverage for employees.
- Individual Health Insurance Personal health insurance plans for individuals and families, including coverage for medical expenses and healthcare needs.
- Individual Wealth Personal investment and wealth management services for individuals, including retirement savings and investment products.
- Insurance Insurance products division offering personal and commercial insurance coverage to protect what customers value most.
- Personal Insurance Insurance coverage for individuals including home, auto, and personal property coverage designed to protect personal assets.
- Commercial Insurance Business and commercial insurance coverage including property, liability, and business interruption insurance for enterprises.
Companies that use BF&M
Customer profileSegments3 records
Ideal customer profiles2 records
BF&M technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
BF&M partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights5 records
BF&M competitors and assessment
Company assessmentBroad incumbents
- Markel Corporation: Specialty insurer with strong niche P&C and reinsurance capabilities. Comparable to Allshores in offering specialty commercial and personal lines to underserved or niche customer segments.
- Enstar Group: Bermuda-based insurance group focused on legacy and specialty insurance, with deep relationships across the Bermuda and Caribbean markets. Comparable to Allshores as a Bermuda-anchored multi-line insurance platform.
- PartnerRe: Bermuda-based global reinsurer with multi-line P&C and specialty offerings. Comparable to Allshores in Bermuda domicile, multi-line P&C, and exposure to catastrophe and specialty risks.
- Hiscox Ltd: Bermuda-domiciled specialty P&C insurer with strong specialty and reinsurance presence. Comparable to Allshores in its Bermuda heritage, broad multi-line offering, and global distribution footprint, though at materially larger scale.
- Arch Capital Group: Bermuda-headquartered insurer and reinsurer with diversified P&C and specialty lines. Comparable to Allshores in Bermuda origin, multi-line P&C focus, and broad geographic distribution.
- RenaissanceRe Holdings: Bermuda-domiciled reinsurer with significant catastrophe exposure management expertise. Comparable to Allshores in Bermuda domicile and property/casualty focus, particularly relevant given shared hurricane belt exposure.
Direct peers
- Lancashire Holdings: Bermuda-based specialty insurer focused on property, marine, aviation, and energy. Closely comparable to Allshores' marine and commercial insurance lines, particularly given overlapping specialty P&C exposure.
- Colina Holdings (Cayman): Cayman-based insurance and financial services group offering health, life, and P&C products across the Caribbean. Directly comparable to Allshores in Caribbean geography, multi-line insurance plus health/wealth offering, and employer group benefits.
Regional players
- Sagicor Financial Company: Caribbean-domiciled financial services group offering insurance, pensions, and wealth management across the Caribbean and U.S. Comparable to Allshores in serving island communities with an integrated insurance, health, and wealth platform.
- Guardian Group (Barbados): Caribbean-domiciled insurance and financial services group operating across multiple territories. Comparable to Allshores in Caribbean regional footprint and integrated life, health, and P&C offering.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
BF&M social profiles
Digital presenceBF&M compliance and trust
Trust signalCompliance1 record
BF&M financial estimates
Financial estimateRevenue estimate
Valuation estimate
BF&M leadership team
Management profileNumber of profiles
Profiles2 records
BF&M funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BF&M M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BF&M
What does BF&M do?
BF&M, now operating as Allshores following its combination with Argus, provides insurance, health, and financial services products across 18 jurisdictions in Bermuda, the Caribbean, and Europe. Its core offerings span residential and commercial property insurance, casualty, motor and marine products, employee benefits plans (group health, group pension, group life and disability), individual health insurance, individual wealth and investment products, wellness programs, and care coordination services.
Is BF&M a public or private company?
BF&M is a private company. It is classified as unknown and is currently operating.
When was BF&M founded?
BF&M was founded in 1903. It employs 251 to 500 people.
Where is BF&M based?
BF&M is headquartered in Pembroke, United States, in the North America region.
How does BF&M make money?
Four revenue lines are on record. Insurance premiums are the primary driver. The others are health insurance premiums, wealth management and investment services and employee benefits administration.
Who are BF&M's main competitors?
Broad incumbents on record are Markel Corporation, Enstar Group, PartnerRe, Hiscox Ltd, Arch Capital Group and RenaissanceRe Holdings. Direct peers are Lancashire Holdings and Colina Holdings (Cayman). Regional players are Sagicor Financial Company and Guardian Group (Barbados).
Does BF&M have an API?
No public API is recorded for BF&M.
What industry is BF&M in?
BF&M's product category is Insurance. Its primary akta.pro industry code is FSAJAGAJ, Marine Specialty (Hull/P&I/Cargo), with a secondary code of FSAJACAJ, Inland Marine / Personal Articles & Valuable Items Insurance. Its NAICS code is 524 and its SIC code is 6331.