Comments on: Marsh & McLennan To Buy JLT For $5.7 Billion https://bernews.com/2018/09/marsh-mclennan-buy-jlt-5-7-billion/ Bermuda's #1 source for 24/7 breaking news, photos & videos Sun, 12 Apr 2026 10:01:52 +0000 hourly 1 http://wordpress.org/?v=3.7.5 By: Cairncross Friedman https://bernews.com/2018/09/marsh-mclennan-buy-jlt-5-7-billion/#comment-4370859 Wed, 19 Sep 2018 11:44:23 +0000 http://bernews.com/?p=796340#comment-4370859 First – there was OUT SOURCING
Then there was TERM LIMITS (Ouch) “Ya got to go”…
Then there was the Financial Crash of 2008
Now its CONSOLIDATION

This all means less people working in Bermuda…..
Unfortunately this is a sign of the times in which excess capital in the market drives consolidation. This is not something Bermuda can do anything about other than constraining the costs of doing business and ensuring that we are business-friendly to sector that provides such a material contribution to our economy.

FALLOUT
Less kids in schools, less people in supermarkets, shops, drycleaners, less people playing golf, less people buying cars, less jobs for BERMUDIANS – SNOWBALL !!

]]> By: red rose https://bernews.com/2018/09/marsh-mclennan-buy-jlt-5-7-billion/#comment-4368146 Tue, 18 Sep 2018 13:57:47 +0000 http://bernews.com/?p=796340#comment-4368146 another merger, another round of cuts? where is the fintech promised (la la) land?

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