IE
Sector: Insurance
Aviva may be about to cut Irish staff, but it’s very much the exception
The insurance sector in Ireland not only survived, but excelled through the financial crisis. International firms were attracted to the country by its favourable corporate tax rate and access to high quality, and cheaper, talent. Those companies that arrived inevitably looked locally to build their headcount. But are cracks finally beginning to show? One company [...]
Where, exactly, will these 10,000 new IFSC jobs be?
As far as barnstorming announcements go, this was a pretty big one – the government wants to create 10,000 new jobs in the IFSC over the next five years. One of the first questions to ask is whether there’s a big enough skills-base locally for this sizable expansion plan. After all, a large proportion of [...]
Why the Central Bank may struggle to attract good actuaries
The Central Bank of Ireland is starting a new recruitment spree, this time focusing on bolstering its insurance supervisory team. Among the new hires will be a team of actuaries, but salary constraints mean it will struggle to attract top talent. Matthew Elderfield announced the plans to take the Central Bank’s insurance regulatory headcount to [...]
Just 70 extra roles were created in the IFSC last year
Further evidence that job creation within the IFSC isn’t a panacea to redundancies in the domestic banking sector – there was net increase of just 69 roles in the centre last year, and international banks actually employed fewer people than at the same point in 2009. Finance Dublin has released its annual employment survey, looking [...]
Is Irish Life & Permanent now the place to be?
Life is still far from entirely rosy at Irish Life & Permanent, but as the only domestic institution to escape any sort of state ownership, it looks a safer bet than most other banks. Should you therefore be considering a move there? In order to meet the Irish Central Bank’s new capital requirements of 12% [...]
Irish bankers take contract roles to secure salary increases
Bankers in Ireland are increasingly leaving the security of their full-time position for a long-term contract role in a bid to secure the pay rise and promotion that is proving so illusive in their current post. The ongoing permanent recruitment freeze within Irish banks means that the majority of jobs on offer are on 12-18 [...]
Just how buoyant is the Irish insurance recruitment market really?
It’s been a mixed month for employment prospects in Ireland’s insurance sector – Quinn’s decision to cut 800 roles has understandably hit hard, while AXA’s creation of 200 jobs in Dublin is reflective of international players’ desire to expand in the country. But what’s indicative of the true situation? Is, as some have suggested, the [...]
Ireland bears the brunt of Quinn job cuts
The Republic is set to bear the brunt of the 800 job cuts revealed today by Quinn Insurance, despite the fact that lower levels of business from the UK are to blame for the downsizing. The Irish administrator told Quinn to stop writing new business in the UK, because it was making a loss. Later, [...]
The renewed appeal of working in the IFSC
With employment opportunities within domestic banks obviously rather scarce, firms in the IFSC are currently providing the bulk of the Irish financial services jobs. Not surprisingly, they’re proving rather popular. The hiring freeze continues within Ireland’s big banks, but after a difficult period it’s the international firms in the IFSC that are creating jobs again. [...]
Jobs at risk as Bank of Ireland forced into asset sales
Bad news for certain employees of Bank of Ireland – the firm has unveiled details of which assets it’s likely to dispose of in order to meet the terms of a European Union restructuring plan. Asset management, pensions and life assurance businesses are all up for sale. BoI, which revealed losses €1.8bn in the nine [...]
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