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Sun Alliance (company)
Sun Alliance Group plc was a large insurance business with its main offices in the City of London and later Horsham. It was created in 1959 by the merger of Sun Insurance, founded in 1710, and Alliance Assurance founded in 1824. In 1996 Sun Alliance merged with Royal Insurance to form the Royal & Sun Alliance Insurance Group. In the mid-1960s Sun Alliance established its administrative centre in a large office block, spanning an A-road through the town centre of Horsham, a railway town A railway town, or railroad town, is a settlement that originated, or was expanded, as a result of a railway line being constructed there. North America During the construction of the First transcontinental railroad in the 1860s, temporary, ... south of London's centre. and its head office at 1 Bartholomew Lane in London. The Horsham building, St Marks Court is earmarked as developable. In an external recess, to the market place (Carfax) side, is the tall spired tower of the church. [...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] |
Royal Insurance
Royal Insurance Holdings plc was a large insurance business originating in Liverpool but based in London from the early 20th century. It merged with Sun Alliance in 1996 to form the Royal & Sun Alliance Insurance Group. History Formation and early growth On 11 March 1845, a group of prominent Liverpool merchants and businessmen formed a joint stock fire and life association called Royal, and within nine days they were advertising an offer to subscribe. It was constituted under a deed of settlement dated 31 May 1845. The business was intended to be almost entirely fire insurance for although the Royal was authorised to accept life assurance, that very much took second place. The first Charman was Josias Booker, a plantation owner and founder of Booker Brothers. Other directors included Charles Turner (MP), Chairman of the Mersey Docks and Harbour Board; John Bramley-Moore, merchant and future Lord Mayor of Liverpool; Thomas Horsfall, first chairman of the Liverpool Chambe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RSA Insurance Group
RSA Insurance Group Limited ( trading as RSA, formerly RSA Insurance Group plc and Royal and Sun Alliance) is a British multinational general insurance company headquartered in London, England. RSA has major operations in the United Kingdom, Ireland, Scandinavia and Canada. It provides insurance products and services in more than 100 countries through a network of local partners. It has 9 million customers. RSA was formed by the merger of Sun Alliance and Royal Insurance in 1996. RSA was listed on the London Stock Exchange until it was acquired by Danish insurer Tryg and Canada's Intact Financial Corporation in May 2021. The transaction closed on 1 June 2021. History RSA was formed by the merger of Sun Alliance and Royal Insurance in 1996. On 4 February 2014, it was announced that Stephen Hester, former CEO of RBS Group, would become CEO of RSA with immediate effect. In 2014/15, Hester led a major restructuring of RSA to bolster its finances. Many non-core overs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sun Insurance
The Sun Fire Office, later Sun Insurance, was founded in London in 1710 and developed into a leading international insurance business. Sun Insurance merged with Alliance Assurance in 1959 to form Sun Alliance. In 1996, Sun Alliance combined with Royal Insurance to form Royal & Sun Alliance Insurance Group, later condensed to RSA Insurance Group. History The 18th century The Sun Fire Office was formed in 1710 when a group of 25 businessmen acquired an insurance company formed by one of them, Charles Povey, in 1708. Povey had been a pamphleteer and unsuccessful businessman. He had established a fire insurance company, the Exchange House Fire Office, in 1708 but after a takeover in 1710, he immediately fell out with his fellow directors and was forced to handover control. For the first decade the level of business was small and erratic until, in 1720, a takeover bid brought in a new board of directors; they raised fresh capital in order to finance an increased level of busines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alliance Assurance
The Alliance Assurance was formed in 1824. It merged with Sun Insurance in 1959 to form Sun Alliance Insurance. History The Alliance was formed by Sir Moses Montefiore and Nathan Mayer Rothschild (married to sisters) with the intention of creating an insurance company with a larger capital and more influential directors than any before. As founding directors they brought in Samuel Gurney, Francis Baring and John Irving. To support the embryonic life business, the directors recruited Benjamin Gompertz (married to Montefiore's sister), now best known for his law of mortality, and the Alliance was launched in March 1824 with a capital of £5 million. One of the company's first achievements was to break the monopoly in marine insurance held by Lloyds and the two Chartered Corporations, London and Royal Exchange, via an Act of Parliament. As marine was not in line with the original prospectus, a sister company was formed, Alliance Marine Assurance, with directors in common. Thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Western Europe, with a population of 14.9 million. London stands on the River Thames in southeast England, at the head of a tidal estuary down to the North Sea, and has been a major settlement for nearly 2,000 years. Its ancient core and financial centre, the City of London, was founded by the Roman Empire, Romans as Londinium and has retained its medieval boundaries. The City of Westminster, to the west of the City of London, has been the centuries-long host of Government of the United Kingdom, the national government and Parliament of the United Kingdom, parliament. London grew rapidly 19th-century London, in the 19th century, becoming the world's List of largest cities throughout history, largest city at the time. Since the 19th cen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
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] |
City Of London
The City of London, also known as ''the City'', is a Ceremonial counties of England, ceremonial county and Districts of England, local government district with City status in the United Kingdom, city status in England. It is the Old town, historic centre of London, though it forms only a small part of the larger Greater London metropolis. The City of London had a population of 8,583 at the 2021 United Kingdom census, 2021 census, however over 500,000 people were employed in the area as of 2019. It has an area of , the source of the nickname ''the Square Mile''. The City is a unique local authority area governed by the City of London Corporation, which is led by the Lord Mayor of London, Lord Mayor of the City of London. Together with Canary Wharf and the West End of London, West End, the City of London forms the primary central business district of London, which is one of the leading financial centres of the world. The Bank of England and the London Stock Exchange are both ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horsham
Horsham () is a market town on the upper reaches of the River Arun on the fringe of the Weald in West Sussex, England. The town is south south-west of London, north-west of Brighton and north-east of the county town of Chichester. Nearby towns include Crawley to the north-east and Haywards Heath and Burgess Hill to the south-east. It is the administrative centre of the Horsham (district), Horsham district. History Governance There are two main tiers of local government covering Horsham, at non-metropolitan district, district and non-metropolitan county, county level: Horsham District Council and West Sussex County Council. Much of the built-up area of Horsham is an unparished area, but some of the suburbs are included in civil parishes, notably North Horsham. The town is the centre of the Horsham (UK Parliament constituency), parliamentary constituency of Horsham, re-created in 1983. Jeremy Quin had served as Conservative Member of Parliament for Horsham since 2015, succ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railway Town
A railway town, or railroad town, is a settlement that originated, or was expanded, as a result of a railway line being constructed there. North America During the construction of the First transcontinental railroad in the 1860s, temporary, " Hell on wheels" towns, made mostly of canvas tents, accompanied the Union Pacific Railroad as construction headed west. Most faded away but some became permanent settlements. In the 1870s, successive boomtowns sprung up in Kansas, each prospering for a year or two as a railhead, and withering when the rail line extended further west and created a new endpoint for the Chisholm Trail. Becoming rail hubs made Chicago and Los Angeles grow from small towns to large cities. Sayre, Pennsylvania and Atlanta, Georgia were among the American company towns created by railroads in places where no settlement already existed. In western Canada, railway towns became associated with brothels and prostitution, and concerned railway companies sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Assurance Company
London Assurance was an English insurance company founded in 1720, in the midst of the South Sea Bubble speculation. It was acquired by Sun Alliance in 1965 to form the Sun Alliance and London. Background The period 1719-20 saw an upsurge in joint stock flotations with marine insurance being prominent. Amongst the embryo schemes were ones by Stephen Ram and James Colebrook and these provided “the seed” for London Assurance. Colebrook was a merchant banker and a heavy subscriber to the combined society. Stephen Ram was a member of the Court of the Goldsmiths Company, a treasurer of Corr’s lottery and had enjoyed mixed success with other speculative ventures. The London Assurance flotation came in January 1720 and was spectacularly successful, its share price rising even faster than that of the South Sea Company. However, the scale of the speculation led to the passing of the Bubble Act in June 1720. This forbade the formation of joint stock companies unless enabled by roya ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phoenix Fire Office
The Phoenix Assurance Company Limited was an English insurance company that existed from 1782 to 1984. History The history of the company includes the nostalgia of red-coated attendants Fire appliances in the United Kingdom, clattering to the fires of London on horse-drawn Water tender, tenders.Clive Aslet, The Times, 10 September 1983, ''Picturing the past frame by frame'' The Phoenix figured in case law. In 1796, the company refused to pay damages awarded of £3,000 (''2021: £'') following a 1792 fire at a house in Tavistock Street, London. Phoenix claimed that the owners had failed to obtain a certificate from the ministers and churchwardens of the parish affirming the good character of the victims. Phoenix issued a writ of error to appeal against the original decision.The Times, 8 June 1796; Law Report. Court of King's Bench (England), Court of King's Bench, June 7., Phoenix Fire Office Phoenix diversified into life insurance, establishing the Pelican Life Office in 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
