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Commercial Union Assurance Company Act 1908
Commercial Union plc was a large insurance business based in London. It merged with General Accident in 1998 to form CGU plc. History Commercial Union was established following a conflagration near London Bridge in 1861, known as the Great Tooley Street Fire, which destroyed a number of warehouses and wharves along the River Thames as a result of which the fire insurance companies were hit by a series of massive claims. Consequently, they increased their fire insurance rates so dramatically that a group of local merchants and brokers decided to form their own company. This became known as the Commercial Union Assurance Company.Liveing, Edward. '' A Century of Insurance: The Commercial Union Assurance Group 1861 - 1961''. London: H F & G Witherby, 1961 The company established its head office at 24-26 Cornhill in London in 1897. It purchased the Hand in Hand Fire & Life Insurance Society, the world's oldest fire insurance company, in 1905 and The Ocean Accident and Guarantee Cor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North British And Mercantile Insurance
North British and Mercantile Insurance Company was a British-based company founded in 1809 in Edinburgh and absorbed as a subsidiary of Commercial Union in 1959. The company was also known as the North British Insurance Company, North British Fire Office and North British Fire Insurance Company. History The company was established after a meeting on 17 April 1809 at the Royal Exchange Coffee House, when a notice was placed in newspapers in Edinburgh announcing a proposal to found a fire insurance company called the North British Insurance Company. A contract of copartnery was issued on 19 October 1809 allowing a capital of £1 million and the new company commenced business on 11 November. In 1823 the company extended its business to include life insurance. The company, successfully trading and growing, was granted a royal charter on 6 February 1824, in the expectation that the permitted capital would be exceeded. In 1862 the company merged with Mercantile Fire Insurance Company ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1861 Establishments In The United Kingdom
This year saw significant progress in the Unification of Italy, the outbreak of the American Civil War, and the emancipation reform abolishing serfdom in the Russian Empire. Events January * January 1 ** Benito Juárez captures Mexico City. ** The first steam-powered carousel is recorded, in Bolton, England. * January 2 – Friedrich Wilhelm IV of Prussia dies, and is succeeded by Wilhelm I. American Civil War: ** January 3 – Delaware votes not to secede from the Union. ** January 9 – Mississippi becomes the second state to secede from the Union. ** January 10 – Florida secedes from the Union. ** January 11 – Alabama secedes from the Union. ** January 12 – Major Robert Anderson sends dispatches to Washington. ** January 19 – Georgia secedes from the Union. ** January 21 – Jefferson Davis resigns from the United States Senate. ** January 26 – Louisiana secedes from the Union. * January 29 – Kansas is admitted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Formerly Listed On The London Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Companies Of The United Kingdom
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1861
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviva
Aviva plc is a British multinational insurance company headquartered in London, England. It has about 19 million customers across its core markets of the United Kingdom, Ireland and Canada. In the United Kingdom, Aviva is the largest general insurer and a leading life and pensions provider. Aviva is also the second largest general insurer in Canada. Aviva has a primary listing on the London Stock Exchange, and is a constituent of the FTSE 100 Index. Name The name of the company upon its formation in May 2000 was CGNU plc and was created when Norwich Union merged with insurer CGU. In April 2002, the company's shareholders voted to change the company name to Aviva plc, an invented palindrome word derived from "viva", the Latin for 'alive' and designed to be short, memorable and work worldwide. The new company's logo incorporated a triangle, which is based on the spire of Norwich Cathedral. The Norwich Union brand was retained for the UK long-term savings and general insurance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
College Of Arms
The College of Arms, or Heralds' College, is a royal corporation consisting of professional Officer of Arms, officers of arms, with jurisdiction over England, Wales, Northern Ireland and some Commonwealth realms. The heralds are appointed by the Monarchy of the United Kingdom, British Sovereign and are delegated authority to act on behalf of the Crown in all matters of heraldry, the granting of new coat of arms, coats of arms, Genealogy, genealogical research and the recording of pedigree chart, pedigrees. The College is also the official body responsible for matters relating to the flying of flags on land, and it maintains the official registers of flags and other national symbols. Though a part of the Royal Household of the United Kingdom, the College is self-financed, unsupported by any public funds. Founded by royal charter in 1484 by King Richard III of England, the College is one of the few remaining official heraldic authority, heraldic authorities in Europe. Within the Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delta Lloyd Group
Delta Lloyd Group was a Dutch insurer with operations in the Netherlands, Belgium and Germany. It consisted of Delta Lloyd, OHRA, ABN AMRO Verzekeringen and a few minor banks. The company was the sixth-largest insurer in the Netherlands, with a market share of approximately 8% before it was acquired by NN Group in 2017. Up until the merger, Delta Lloyd was owned by the Dutch foundation Nuts OHRA (5%) and publicly traded (95%). Previously, it had been owned by Aviva. On 23 December 2016, competitor NN Group reached an agreement to acquire Delta Lloyd for 2.5 billion euro. History The earliest predecessor of Delta Lloyd, the ''Hollandsche Societeit van Levensverzekeringen'', was founded in 1807. In 1966, it merged with the ''Amsterdamsche Maatschappij van Levensverzekeringen''- also known as Amstleven and was renamed ''Delta''. The "Hollandsche Societeit" had a few non life companies, like the "Koepel" and "Bataafsche", while Amstleven had acquired the Arnhemsche Verzekering ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emporis
Emporis was a real estate data mining company with headquarters in Hamburg, Germany. The company collected data and photographs of buildings worldwide, which were published in an online database from 2000 to September 2022. Emporis was acquired by CoStar Group in October 2020. On 12 September 2022, the managing director of CoStar Europe posted a letter on Emporis.com, informing its community members that the Emporis database and community platform would be shut down effective 13 September 2022. Emporis offered a variety of information on its public database, Emporis.com. Emporis was frequently cited by various media sources as an authority on building data.- - - Emporis originally focused exclusively on Tower block, high-rise buildings and skyscrapers, which it defined as buildings "between 35 and 100 metres" tall and "at least 100 metres tall", respectively. Emporis used the point where the building touches the ground to determine height. The database had expanded to include l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hand In Hand Fire & Life Insurance Society
The Hand in Hand Fire & Life Insurance Society was one of the oldest British insurance companies. History The company was founded in 1696 at Tom's Coffee House in St Martin's Lane in London. It was one of three fire insurance companies started after the Great Fire of London The Great Fire of London was a major conflagration that swept through central London from Sunday 2 September to Wednesday 5 September 1666, gutting the medieval City of London inside the old London Wall, Roman city wall, while also extendi ..., and it was initially called the Contributors for Insuring Houses, Chambers or Rooms from Loss by Fire, by Amicable Contribution. In 1905, the Hand in Hand was acquired by the Commercial Union Group. References {{DEFAULTSORT:Hand in Hand Fire and Life Insurance Society Companies based in the City of Westminster Insurance companies of the United Kingdom Financial services companies established in 1696 Financial services companies disestablished in 1905 F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Accident
General Accident plc was a large insurance business based in Perth, Scotland. It merged with Commercial Union in 1998 to form CGU plc. History The Norie-Miller years The Employers' Liability Act 1880 ( 43 & 44 Vict. c. 42) opened a new area of insurance and one of the many companies formed to serve that market was formed in Perth, Scotland, in 1885. The General Accident and Employers’ Liability Assurance Association was launched by local businessmen with a capital of only £5,000 and its main object was to provide local farmers and others with accident insurance. Its first policy was written in March 1886 and at its opening AGM it reported premium income of £2,700. Francis Norie-Miller was then appointed as secretary and manager at the age of 27: he had previously been the assistant manager of Mercantile Accident of Glasgow. His leadership spanned over half a century, remaining as managing director until 1939 and chairman until 1944; during that time, he took General Acc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
