The Association of Bermuda Insurers and Reinsurers (ABIR) has indicated its approval of the enhancements proposed to the Incentives for Job Makers Act tabled Friday September 14th.
Leila Madeiros, senior vice president and director of ABIR, said: “we are encouraged by the Government’s proposed amendments and its willingness to table legislation for consideration to encourage insurance and reinsurance leadership of Bermuda-based companies to have their senior executives remain on the Island and by doing so continue to have jobs locally based in Bermuda.”
According to the association the proposed amendments indicate recognition from the government that international business contributes significantly to Bermudian economy. ABIR, in its most recently published data, recorded that its 21 members provide 1,600 jobs. Of these nearly 70 percent are held by Bermudians.
ABIR, Brad Kading, Leila Madeiros, Incentives for Job Makers Act, Bermuda