A former executive of BMO Bank of Montreal has joined the board of BF&M Limited.

Gordon Henderson recently retired as president and chief executive officer of BMO Life Insurance Company, where he had oversight of the bank’s creditor insurance, life insurance and reinsurance businesses.

Before joining BMO he held senior executive positions with Aetna Canada.

Gavin Arton, BF&M Limited board chairman said: “Gordon brings deep experience and understanding of the insurance industry, from both business and legal perspectives. His insights will be invaluable as we continue to implement effective strategic guidance and good governance.”

The BF&M board is currently made up of 12 directors, of which nine are Bermudian.