Swan buys business

WEDNESDAY, NOV. 28: Gerry Swan has purchased the Heritage Agency (Bermuda) Limited.

Mr Swan will serve as the agency director. 

Former agency director Charles Jeffers continues to work with the business in his new role as executive sales representative. 

Basically, the pair have reversed roles within the company. They have had a professional relationship of more than 30 years, which has provided a foundation to the transition and continuity to the organization.

Heritage Agency is licensed to market the Heritage International Scholarship Trust (HIST) Plan in Bermuda. 

“I have known Gerry for many years and I am confident that his experience with the plan and in education will be of great benefit as he leads the company for the next generation,” said Mr Jeffers. “As I contemplated the future, I was concerned about continuity within the organization, so I was delighted when Gerry said that he would like to take over the firm. I find it comforting and can rest knowing that Heritage is in very capable hands and hope that it will continue to benefit many families as they look for options designed to meet the increasing cost of higher education.”

Delighted

Mr Swan said: “I am delighted to be receiving the baton from Charles, whom I greatly respect for his 43 years of work in this important and meaningful industry.  My goal is to build upon the work that Charles has established and I would like to thank him for his long and outstanding service and contribution to the local company and the international organisation.  My wife and I believe strongly in a good education – and I’d like to note that my wife and I were among Charles’ early clients with the Heritage plan.  I’m grateful that, through our investment with the ESPs, we didn’t have to borrow any money for our two sons’ university education.”