News Release: HAMILTON, Bermuda – Giovanni Hollis, a Bermudian college student, has been awarded the 2022 BFIS CG Insurance Alan Peacock Scholarship valued at USD $25,000 for two academic years, totalling USD $50,000.
Mr Hollis is currently a junior at Northeastern University, pursuing an Industrial Engineering major and a double minor in Healthcare Systems Operations and Math. In addition to his current studies, he’s also interested in technology product management, finance, and consulting. His long-term goals are to gain experience and knowledge to benefit his island home.
“With Bermuda being so small, there comes a time when students need to venture abroad to gain global perspectives and education,” Mr Hollis shared. “I’m so happy that CG is investing in my future with the scholarship I’ve been awarded. I plan to use this support to eventually be able to greatly impact Bermuda with my expertise.”
The CG Insurance Alan Peacock Scholarship is made possible through a long-standing partnership with Bermuda Foundation for Insurance Studies (BFIS). Each year, BFIS helps facilitate scholarships from their own organization as well as various sponsors. This year, the CG Insurance Alan Peacock Scholarship was the only scholarship offered by a traditional insurer with the largest financial reward.
A BFIS spokesperson commented: “We have greatly appreciated CG Insurance’s strong support for BFIS for many years. CG has provided scholarship funding to no less than 10 BFIS scholars since 2006. It has been great to partner with a local company who truly appreciate the work that BFIS undertakes in assisting students to gain the education necessary to work in the insurance industry. It is pleasing to know that they will continue to provide support to Giovanni as he completes his education.”
“At CG, we believe education is paramount to the development of our communities” CG’s Chief People Officer, Katherine Cupidore shared. “We are dedicated to providing meaningful opportunities that foster and encourage our local students to pursue their educational goals.
We wish Giovanni every success and look forward to his future achievements and endeavours.” The BFIS CG Insurance Alan Peacock Scholarship is awarded biennially and is worth USD $25,000 per annum for up to two years. Applications are accepted from April to June and scholarships are awarded in July.
Applicants are selected based on a written essay, academic and extracurricular achievements, course(s) of study, and financial need. Once shortlisted, applicants are then interviewed by the BFIS scholarship committee, all of whom are BFIS scholarship Alumni, and a member of the CG executive team. The scholarship is catered to students pursuing undergraduate studies geared towards the insurance industry with areas of study (but not limited to) actuarial science, business or commerce, economics, insurance, mathematics or risk management.