Søe-Assurance Compagniet
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Søe-Assurance Compagniet
, often referred to as , was founded in 1728 as the first marine insurance company in Denmark. It held a monopoly on marine insurance in Denmark until 1786. History Det Kongelige octroierede Søe-Assurance Compagni was founded in the Børsen building in Copenhagen in 1728. The company's monopoly on marine insurance was challenged by and other major merchants and ship-owners towards the middle of the century. Its monopoly was finally lifted in 1783, leading to the formal establishment of De private Assurandeurer De Private Assurandører was a marine insurance company founded in 1786 in Copenhagen, Denmark. History In 1726, Det kgl. octr. Søe-Asseurance Compagni was granted a monopoly on marine insurance in Denmark. In the middle of the century, its mono ... in 1786. The company existed until 1930. Management Directors, 18511926 *1851—1866: Matthias Wilhelm Sass (wholesaler) * 1851—1868: Frederik August Paludan (naval officerm commodore) * 1851—21862: Christian Wilhe ...
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Marine Insurance
Marine insurance covers the physical loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Cargo insurance a sub-branch of marine insurance, though marine insurance also includes onshore and offshore exposed property, ( container terminals, ports, oil platforms, pipelines), hull, marine casualty, and marine losses. When goods are transported by mail or courier or related post, shipping insurance is used instead. History In December 1901 and January 1902, at the direction of archaeologist Jacques de Morgan, Father Jean-Vincent Scheil, OP found a tall basalt or diorite stele in three pieces inscribed with 4,130 lines of cuneiform law dictated by Hammurabi (–1750 BC) of the First Babylonian Empire in the city of Shush, Iran. Code of Hammurabi Law 100 stipulated repayment by a debtor of a loan to a creditor on a schedule with a maturity date specified ...
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Denmark
Denmark is a Nordic countries, Nordic country in Northern Europe. It is the metropole and most populous constituent of the Kingdom of Denmark,, . also known as the Danish Realm, a constitutionally unitary state that includes the Autonomous administrative division, autonomous territories of the Faroe Islands and Greenland in the north Atlantic Ocean.* * * Metropolitan Denmark, also called "continental Denmark" or "Denmark proper", consists of the northern Jutland peninsula and an archipelago of 406 islands. It is the southernmost of the Scandinavian countries, lying southwest of Sweden, south of Norway, and north of Germany, with which it shares a short border. Denmark proper is situated between the North Sea to the west and the Baltic Sea to the east.The island of Bornholm is offset to the east of the rest of the country, in the Baltic Sea. The Kingdom of Denmark, including the Faroe Islands and Greenland, has roughly List of islands of Denmark, 1,400 islands greater than in ...
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Børsen
( Danish for "the bourse" or "the stock exchange"), is a 17th-century commodity bourse and later stock exchange in the centre of Copenhagen, Denmark. The historic building is situated next to Christiansborg Palace, the seat of the Danish Parliament, on the island of Slotsholmen. Built under the reign of Christian IV in 1619–1640, the building is considered a leading example of the Dutch Renaissance style in Denmark. It is a protected building for conservation purposes. A popular tourist attraction, Børsen is most noted for its distinctive spire, shaped as the tails of four dragons twined together, reaching a height of . On 16 April 2024, the building was severely damaged by a fire, which toppled the spire. History Børsen was planned by Christian IV as part of his plan to strengthen Copenhagen's role as a centre for trade and commerce in Northern Europe. A site on the north side of the embankment which connected Copenhagen to the new market town Christianshavn, which was ...
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Copenhagen
Copenhagen ( ) is the capital and most populous city of Denmark, with a population of 1.4 million in the Urban area of Copenhagen, urban area. The city is situated on the islands of Zealand and Amager, separated from Malmö, Sweden, by the Øresund strait. The Øresund Bridge connects the two cities by rail and road. Originally a Vikings, Viking fishing village established in the 10th century in the vicinity of what is now Gammel Strand, Copenhagen became the capital of Denmark in the early 15th century. During the 16th century, the city served as the ''de facto'' capital of the Kalmar Union and the seat of the Union's monarchy, which governed most of the modern-day Nordic countries, Nordic region as part of a Danish confederation with Sweden and Norway. The city flourished as the cultural and economic centre of Scandinavia during the Renaissance. By the 17th century, it had become a regional centre of power, serving as the heart of the Danish government and Military history ...
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De Private Assurandeurer
De Private Assurandører was a marine insurance company founded in 1786 in Copenhagen, Denmark. History In 1726, Det kgl. octr. Søe-Asseurance Compagni was granted a monopoly on marine insurance in Denmark. In the middle of the century, its monopoly was challenged by Niels Ryberg and other major merchants. De private Assurandeurer was founded by a group of private operators on 1 March 1786. Prominent participants in the company included I. Erichsen, Niels Brock, Frédéric de Coninck, Joseph Hambro, Andreas Nicolai Hansen and C. F. Tietgen. Lauritz Nicolai Hvidt was part of the management. His son, Eduard Julius Hvist, joined the management in 1831 (alongside J. F. Wessely) and members of the Hvidt family would play central roles in the company for more than a hundred years. From 1924, De private Assurandeurer was also active in the market for fire insurances. The company was converted into a limited company (''aktieselskab'') in 1046. The company was based at Palægade ...
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Financial Services Companies Established In 1728
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 profi ...
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