RENAISSANCERE MAKES $1 MILLION DONATION TOWARDS BUILDING THE NEW HOSPITAL

Posted by on Jun 5, 2012 in Editor's Choice, Featured Article, Local News & Alerts | 0 comments

Peter Durhager, EVP & CAO, RenaissanceRe Holdings Ltd. and Don Mackenzie, BHCT Trustee

Bermuda Hospitals Charitable Trust (BHCT) today announces that RenaissanceRe has made a $1 million donation to the Why it Matters capital campaign, which is raising funds to transform King Edward VII Memorial Hospital (KEMH) into a world-class hospital facility by 2014.

This latest donation takes the running total for the campaign to $25 million since its launch just over a year ago. BHCT is leading the three-year capital campaign with a target of $40 million to put towards the $247 million redevelopment project. The project’s overarching aim is to deliver an enhanced level of hospital care for the benefit of the whole community.

Neill Currie, President and CEO of RenaissanceRe, says: “Access to quality medical care matters to us all and investing in medical infrastructure is critical to our island’s sustainability. A project of this scale in a population this small requires the support of everyone who can help. We at RenaissanceRe are
delighted to play our part in supporting this important project through this financial contribution, which will ultimately help all Bermudians, island
residents and visitors.”

Wendy Augustus, Executive Director of BHCT, says: “We are grateful to RenaissanceRe for its incredible generosity in supporting the redevelopment of the island’s primary health care facility. The new hospital will be much more than bricks and mortar, it will stand as a vision of how Bermuda provides hospital care today and for decades to come. The response from the international business community, local companies and private individuals so far has been superb, but we still have a long way to go and we need to keep the whole island engaged and focused on the goal ahead.”

Individuals wishing to make a donation to the cause can do so online at: https://www.bhct.bm/index.php/ways-to-give.

Upon the completion of the redevelopment project, patients and visitors will benefit from a state-of-the-art medical facility, matched by an exceptional standard of clinical practice and patient-centred care.

The new hospital has been designed with specialist wards offering on-island expertise in order to manage the rising volume of chronic diseases and to reduce the need for overseas care. In addition, the new design incorporates education and wellness units to promote preventative health care measures. These initiatives support Bermuda Government’s cost containment strategy for the health care industry where expenditure has been growing at a rate much higher than inflation for many years.

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