When it comes to preparing Bermuda’s future workforce, education is key.
From building expertise in cutting-edge fields to connecting students with life-changing opportunities, Bermuda College is helping young people unlock their potential.
Thanks to the generosity of two major players in the local reinsurance industry, the Martello Re Scholarship and the Global Atlantic Re Scholarship, the College is doing just that – providing life-changing support to help students thrive academically and professionally in high-demand fields.
But what exactly are these scholarships all about? Who are they for? And why do they focus on actuarial science and technology? We spoke with Deanae’ Miller, Bermuda College’s financial aid officer, to find out more.
Scholarships with a bigger purpose
The scholarships came to life through the partnership between Bermuda College and Bermuda College Foundation.
“The Martello Re Scholarship and the Global Atlantic Re Scholarship were made possible through donations by each of the companies to Bermuda College Foundation,” Ms Miller explained.
“The Foundation’s mission is to develop philanthropic partnerships that support our goal of a fully funded, state-of-the-art Bermuda College.”
Both scholarships target students interested in fields tied closely to Bermuda’s fast-growing insurance and reinsurance industries. Actuarial science, business administration and computer information systems are among the programmes eligible for support under these scholarships, offering opportunities to students with big dreams and the drive to succeed.
Martello Re’s scholarship is a one-year award of $6,750: enough to cover full tuition and support textbook costs for a student enrolled in the two-year actuarial science or computer information systems programmes.
Global Atlantic Re is also committed to supporting local talent.
“Global Atlantic Re has pledged $25,000 annually to Bermuda College Foundation for four years,” Ms Miller said.
“The funds provide one merit-based scholarship of $6,750 per year, with the rest going toward other education grants that eligible Bermuda College students can access.”
Who are these scholarships for?
Both scholarships aim to support students financially and connect them to industries where they can make an impact. Recipients are selected based on academic performance, financial need and their interest in the relevant fields.
“We’re looking for students who are motivated, display strong character and are committed to contributing to Bermuda’s workforce,” Ms Miller said.
“The goal is to make sure financial challenges don’t prevent bright and enthusiastic students from pursuing their education.”
Beyond the classroom
At Bermuda College, the support doesn’t stop at the classroom doors. Once financial barriers are removed, students can take advantage of many services designed to help them thrive.
“Bermuda College offers academic advising, tutoring and career support,” Ms Miller said. “But what’s even more exciting is that some of our corporate donors provide internship and summer employment opportunities specifically for Bermuda College students. These real-world experiences are essential for professional growth.”
Student testimonial
Bermuda College student Julio Rivera-Cabrera outlined the benefits of the financial support.
“Because of the support received to date, the College has been able to increase the scope of its financial aid programmes, increasing access to higher education for all,” Mr Rivera-Cabrera wrote to the College’s Foundation Founding Donors.
“The financial strain that so many students experience is lessened by the scholarships and awards that the kindness of others has made possible.
“It allows us students to confidently prepare for the future, follow our passions, and concentrate on our education.”
Mr Rivera-Cabrera said that, along with lessening the financial strain, the support acts as a reminder that there are people who value the students’ success and “think we have what it takes”.
He said: “It’s a strong incentive to put in more effort, pay it forward, and eventually assist future students.
“Support of our education, faith in our goals, and the assistance in creating a more secure and motivating future for our community and college is truly appreciated.”
The bigger picture
For Ms Miller and the entire Bermuda College team, these scholarships signify more than tuition assistance — they represent a long-term investment in Bermuda’s future.
“These scholarships are designed to remove financial barriers that might otherwise limit a student’s educational journey,” she said.
“The connections students make with corporate donors can even lead to mentorship, internships, and future career opportunities.”
It’s no secret that Bermuda’s economy is heavily supported by the insurance and reinsurance industries. By focusing on fields within these industries, these scholarships aim to build a skilled local workforce, reduce dependency on overseas talent, and support the island’s future economic sustainability.
Ms Miller said these scholarships were about more than money — they bring mentorship, connections, and a confidence boost that can help you excel.
“Beyond the financial support, these organisations believe in the students they’re helping. That belief can make all the difference,” she added.
For more information, email [email protected] or visit www.college.bm.
