Mr. Speaker: The Mercer Insurance Group is a holding company that was formed to own the stock of a converted mutual insurance company, which was formerly known as Mercer Mutual Insurance Company. We completed a mutual to stock subscriptions rights conversion, in December 2003. The origins of the Mercer Group go all the way back to 1844. It started as a mutual insurance company in Pennington, New Jersey. We currently operate through three property and casualty insurance subsidiaries in the states of New Jersey and Pennsylvania.
TWST: What are the key trends that have the most impact on you as you
look at your strategies and goals?
Mr. Speaker: The biggest impact continues to be the pricing market.
We've recently gone through what is known as a hard market with firmer
pricing. That has subsided in 2004, and there has been more competition
within that. That has had a direct impact on our growth patterns that we
had exhibited. It will be interesting to see what impact, if any, on the
pricing cycles that the recent hurricane activity has had, which can put
a stop to the weakening in the pricing cycle and bring some more
stability to it.
Tickers included in this excerpt: MIGP
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