Mercer News

Financial Services Industry Fails to Support Women in Career Progression: Mercer

The finance industry offers women a lot of work, especially at the entry level. But each rung up the career ladder, they are increasingly winnowed from the business by lagging recruiting, retention and promotion from within, according to new research. …

Asian, LatAm Financial Wage Rises Set to Outpace North America, Europe

Financial services salaries are set to rise by 4.3 percent in both Asia and Latin America this year, almost double the average increase forecast for North America and Europe, research published on Monday showed. A survey by consulting firm Mercer …

Insurers Stepping Toward Greater Green Investment Footprint

This is the second of a two-part column on green bonds.The first installment focused on bond sales. Australian carrier QBE Insurance Group Ltd. has invested $190 million Australian Dollars ($148.42 million) in four green bonds in the last year-and-a-half, and …

Investors Must Factor Climate Change in Their Portfolio Risk: Mercer Study

Most investors need to make a significant behavioral shift and start factoring climate change into their portfolio risk management, a study on its impact on financial market returns found. Government officials are meeting in Germany this month to work on …

Alexander Forbes Swings to Profit After Capital Restructuring

Alexander Forbes Group Holdings Ltd., a South African financial services company, swung to a profit in the first half after changing its capital structures in preparation for its initial public offering in July. Net income was 114 million rand ($10.4 …

Aon Risk Solutions Appoints Senior VP in North Carolina Office

Aon Risk Solutions, the global risk management business of Aon plc, recently announced the addition of Christopher Coté as senior vice president in the Charlotte, N.C., office.In his new role, Coté will be responsible for providing clients with property/casualty insurance, …

With Supreme Court Ruling In, Employers Turn to Healthcare Law’s Requirements: Mercer

The majority of employers in a recent survey said they had been waiting for the U.S. Supreme Court’s decision before developing a strategy to respond to the law’s provisions slated to go into effect in 2014 and beyond. While 40 …

United Fire Sees Hike in New Business but Drop in Revenues in Q1 2011

United Fire & Casualty Co., headquartered in Cedar Rapids, Iowa, has reported a slight drop in net premiums earned and total revenues for the first quarter of 2011 compared with that of the same quarter in 2010. Announcing the company’s …

United Fire Gets Approval to Acquire Mercer Insurance Group

Cedar Rapids, Iowa-based United Fire & Casualty Co. said it has the necessary approvals from state regulators and company shareholders to complete its acquisition of Mercer Insurance Group Inc. United Fire announced in November plans to buy Pennington, N.J.-based Mercer …

Mercer Report Concludes ‘Trillions of Dollars at Stake’ from Climate Change