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14-Aug-2019 02:24

Charities have been urged to consider the short-term pain of consolidation or mergers as they battle for survival in Bermudas harsh economy.Caroline Foulger, chairwoman of Bermuda Business Development Agency, encouraged the third sector to follow the example of the international business community by undergoing tough measures that could lead to a brighter long-term future.By coming together, there is, perhaps, an immediate pain in business where there are some jobs lost but eventually it ends up being a stronger company that can achieve and employ more and contribute more.I would encourage those in the third sector to think about areas where it makes sense to consolidate or merge.Speaking at the third sector conference Building Hope at the Hamilton Princess yesterday, Ms Foulger said that job losses could eventually be recouped if the organisations could become stronger.Elaine Butterfield, executive director of the Centre on Philanthropy, which organized the event, has previously warned Bermudas charities are experiencing unprecedented financial pressure, with 65 per cent experiencing an increase in demand for their services coupled with a reduction in donations.“They had a really nice conversation, then they started coming out my first year when I was in Green Bay in 2014,” Munn told Cohen, adding she became friendly with Jordan.

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In the same way that we have seen consolidations going on in the insurance industry, there is never a perfect overlap, but there is a degree.

Mr Simmons delivered a fairly positive outlook, telling the audience: I have just got back from the future and it is looking pretty good so you dont have to worry about change.