Marsh & McLennan (MMC)’s health, wealth and career consulting arm Mercer in August 2018 acquired the investment consulting, alternatives consulting and wealth management operations of Pavilion Financial. Pavilion is a global investment services firm with about 300 employees, headquartered in Winnipeg, Canada. It has offices across North America, in London, U.K., and in Singapore. In the U.S., Pavilion focuses on the defined contribution (D.C.), endowment and foundation, healthcare and

Current Swiss Life Group Chief Risk Officer Matthias Aellig in March 2019 will take over as Group CFO. He then will also become a member of Swiss Life’s Corporate Executive Board, succeeding current CFO Thomas Buess who is taking on non-executive duties. Matthias Aellig studied physics at the University of Bern, Switzerland. After receiving his doctorate in the field of solar wind and completing a research visit at the

Google parent Alphabet in August 2018 invested  $375 million in InsurTech Oscar Health, giving Alphabet a 10 percent share in Oscar. Google employee and former CEO Salar Kamangar joins the board of directors. Google had previously invested in Oscar through its Capital G investment fund and Verily health and life sciences research unit. An earlier $165 million round in March 2018 valued the company at around $3 billion; the

Employers with operations in the U.S. should not underestimate current difficulties in hiring workers. Gad Levanon, chief economist for North America at The Conference Board, in August 2018 commented on the U.S. Bureau of Labor Statistics Employment Situation Report. “The [U.S.] labor market is tightening with the unemployment rate declining by 0.1 percentage points and the broader U-6 measure dropping by 0.3 percentage points.” The U.S. unemployment rate fell