Global Atlantic Financial Group Awards Biodiversity Grant
Global Atlantic Financial Group, a prominent insurance provider recognized for meeting the needs of individuals and institutions, has recently made a significant commitment to biodiversity conservation. The company granted $75,000 to BioQuest, a philanthropic NGO dedicated to utilizing genomics for conservation efforts. This partnership marks the beginning of a three-year initiative aimed at enhancing the biodiversity research program, specifically focusing on species native to Bermuda.
Focus on Bermuda's Unique Flora and Fauna
The funding from Global Atlantic’s Bermuda-based foundation will play a crucial role in supporting BioQuest’s essential work in safeguarding the island's unique biodiversity. Highlighted projects receiving this initial funding include a study on the Bermuda Cahow population, development of a reference genome for the Bermuda Skink, and genomic work on the Bermuda Cedar Tree.
Engaging Employees in Conservation Education
As part of their collaborative efforts, BioQuest plans to offer hands-on genetic educational opportunities for Global Atlantic employees. This initiative includes informative sessions aimed at teaching staff how to identify various species using DNA analysis, along with insights into genetic research methodologies. Additionally, employees can contribute by selecting Bermuda signature species that align with local conservation priorities, which BioQuest will study in the future.
Shared Vision for Sustainability
Darryl Herrick, President of Global Atlantic Re, expressed his pride and commitment to supporting BioQuest in its mission to protect Bermuda's biodiversity through genetic research. This collaboration aligns with the foundational goals of the Global Atlantic Re foundation, emphasizing the importance of environmental sustainability initiatives across the region. Herrick looks forward to the fruitful outcomes of this partnership, which is geared towards preserving the local environment for future generations while fostering community engagement.
A Grateful Response from BioQuest
Jean-Pierre Rouja, Co-Founder and Executive Director of BioQuest, shared his appreciation for Global Atlantic's generous funding. The grant will empower BioQuest to advance its vital biodiversity projects, particularly those focused on key species. Rouja emphasized the importance of protecting these vital species and the ecosystems they inhabit. Furthermore, the partnership will facilitate valuable learning experiences for Global Atlantic staff, strengthening their community engagement efforts.
Commitment to Environmental Stewardship
Both Global Atlantic and BioQuest are dedicated to promoting environmental stewardship and sustainable economic development. The grant awarded will enable BioQuest to generate impactful research, conservation strategies, and educational initiatives focused on preserving Bermuda’s natural resources. The collaboration seeks to build a foundation for ongoing community involvement and education regarding local biodiversity.
About BioQuest
BioQuest stands as an innovative NGO that utilizes genomics for biodiversity conservation, concentrating on the Caribbean's signature species. The organization's mission revolves around cultivating local research capabilities that respect and maintain the unique environment for generations. BioQuest encourages citizen scientists to engage in research locally, minimizing the need to send samples abroad for processing. With cutting-edge long-read sequencing technology, BioQuest aims to transform conservation efforts through inclusive research initiatives.
About Global Atlantic
Global Atlantic Financial Group is a leader in providing insurance solutions tailored to the retirement and life insurance needs of individuals and institutions. With its robust financial foundation and expertise in risk and investment management, the company offers customized strategies that foster secure financial futures. Their strong organizational culture emphasizes integrity, collaboration, and long-term client relationships. Global Atlantic is a subsidiary of KKR, a global investment leader, leveraging their extensive investment capabilities to boost value for its clients.
The Global Atlantic Re foundation is committed to reinforcing economic development, education, and environmental sustainability within Bermuda, reflecting the organization’s dedication to its local community.
Frequently Asked Questions
What is the amount of the grant awarded by Global Atlantic?
Global Atlantic has awarded a grant of $75,000 to BioQuest for biodiversity research.
What specific projects will the grant support?
The grant will support studies on the Bermuda Cahow population, the Bermuda Skink reference genome, and the Bermuda Cedar Tree reference genome.
How will Global Atlantic employees be involved in the conservation efforts?
Employees will participate in educational opportunities to learn about species identification through DNA analysis and can help select species for future research.
What is BioQuest's mission?
BioQuest aims to create local genetic research capacity for biodiversity conservation using genomics while preserving the environment for future generations.
Who is KKR in relation to Global Atlantic?
KKR is a leading global investment firm and the parent company of Global Atlantic, providing substantial financial and investment resources.
