A $1 million donation has been given by RenaissanceRe to the new King Edward VII Memorial, which is set for completion by 2014.The project’s fund raising campaign, launched last year by the Bermuda Hospitals Charitable Trust (BHCT), is now up to $25 million, with a three-year target of raising $40 million for the $247 million redevelopment project.RenaissanceRe President Neill Currie called the donation toward medical infrastructure “critical to our Island’s sustainability”, adding: “A project of this scale in a population this small requires the support of everyone who can help.”The BHCT’s Executive Director Wendy Augustus thanked the company for its “incredible generosity”.Ms Augustus said: “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.”Donations can also be made online, through the BHCT website.Useful websites: www.bhct.bm, www.bermudahospitals.bm, www.bhec.bm.