19-08-2016 13:36 via insuranceinsider.com

ABIR predicts headwinds for Bermuda jobs

Pressure on (re)insurers' expenses and declining
profitability will impede further employment growth in Bermuda,
according to the Association of Bermuda Insurers and Reinsurers
(ABIR).
In addition, political risks in Bermuda, the US and European
Union are also likely to present headwinds to further growth,
according to the trade body.
ABIR's annual Bermuda Economic Impact Survey, released on 17
August, revealed its member companies employed 1,534 people on the
island, an increase of 21 from the
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