QOTD: Bermuda edition

Michael Fahey of the Bermuda Democratic Alliance on the distressing trend of insurance HQs to move to Europe:

What we all need to appreciate is that even the departure of a few key executives from one company means a detrimental knock on effect to the local economy from rental income, to staff redundancies, to loss of contracts for gardeners and pool cleaners.

Well, when you put it that way ……..

(h/t RiskMarketNews via reactionsnet)

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