Knowledge (XXG)

Alliance Assurance

Source đź“ť

231: 217: 190:, including the Imperial Fire and Life in 1902, Westminster Fire in 1906 and the National and Boiler & General in 1923. This was the last year covered by the Schooling history and it was not known what further acquisitions were made. Organic growth was not neglected and the Alliance started the major new line of accident insurance in 1907 following the 174:, 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. This too was launched in 1824, giving Alliance a complete coverage of the main markets – fire and marine insurance and life assurance. Alliance Marine was bought by Alliance Assurance in 1905. 186:, and a further dozen more around the country were made by 1890. Almost immediately there were four strategic overseas acquisitions: the Royal Canadian Fire Office of Montreal; the Union Fire Insurance of San Francisco; the Tasmanian Fire Insurance; and the Union Fire & Marine Insurance of New Zealand. There were further acquisitions before and after 181:
and India. It is not clear how quickly the foreign business started but the Alliance immediately appointed agents around England and Scotland. Acquisitions played an important part in Alliance's growth. Its first domestic acquisition was made in 1847, the fire business division of the
138:(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 299: 177:
One month after its launch, the Alliance ambitiously resolved to accept foreign insurance, life and fire from the principal towns of Europe, America, the
158:, and the Alliance was launched in March 1824 with a capital of ÂŁ5 million. One of the company's first achievements was to break the monopoly in 155: 171: 143: 89: 191: 271: 139: 84: 183: 167: 135: 44: 119: 69: 197:
In 1959, Alliance Assurance merged with Sun Insurance to form Sun Alliance; this in turn merged with the
236: 163: 131: 39: 202: 151: 99: 222: 159: 147: 94: 198: 293: 115: 58: 178: 212: 150:. To support the embryonic life business, the directors recruited 187: 154:(married to Montefiore's sister), now best known for his 75: 65: 53: 32: 24: 8: 266: 264: 19: 250: 248: 18: 300:Insurance companies of the United Kingdom 201:to produce the Royal Sun Alliance, later 244: 7: 166:and the two Chartered Corporations, 114:was formed in 1824. It merged with 14: 254:Schooling, Sir William (1924), 229: 215: 192:Workmen's Compensation Act 1906 1: 184:Insurance Company of Scotland 256:Alliance Assurance 1824-1924 272:"History of 'The Alliance'" 130:The Alliance was formed by 316: 16:British insurance company 136:Nathan Mayer Rothschild 45:Nathan Mayer Rothschild 120:Sun Alliance Insurance 237:United Kingdom portal 274:. Rothschild Archive 132:Sir Moses Montefiore 40:Sir Moses Montefiore 203:RSA Insurance Group 21: 112:Alliance Assurance 20:Alliance Assurance 152:Benjamin Gompertz 108: 107: 100:Benjamin Gompertz 307: 284: 283: 281: 279: 268: 259: 252: 239: 234: 233: 232: 225: 223:Companies portal 220: 219: 218: 160:marine insurance 156:law of mortality 118:in 1959 to form 95:John Irving (MP) 22: 315: 314: 310: 309: 308: 306: 305: 304: 290: 289: 288: 287: 277: 275: 270: 269: 262: 253: 246: 235: 230: 228: 221: 216: 214: 211: 199:Royal Insurance 128: 104: 78: 49: 17: 12: 11: 5: 313: 311: 303: 302: 292: 291: 286: 285: 260: 243: 242: 241: 240: 226: 210: 207: 172:Royal Exchange 144:Francis Baring 127: 124: 106: 105: 103: 102: 97: 92: 90:Francis Baring 87: 81: 79: 76: 73: 72: 67: 63: 62: 55: 51: 50: 48: 47: 42: 36: 34: 30: 29: 26: 15: 13: 10: 9: 6: 4: 3: 2: 312: 301: 298: 297: 295: 273: 267: 265: 261: 257: 251: 249: 245: 238: 227: 224: 213: 208: 206: 204: 200: 195: 193: 189: 185: 180: 175: 173: 169: 165: 161: 157: 153: 149: 145: 141: 140:Samuel Gurney 137: 133: 125: 123: 121: 117: 116:Sun Insurance 113: 101: 98: 96: 93: 91: 88: 86: 85:Samuel Gurney 83: 82: 80: 74: 71: 68: 64: 60: 59:Sun Insurance 56: 52: 46: 43: 41: 38: 37: 35: 31: 27: 23: 276:. Retrieved 255: 196: 176: 129: 111: 109: 70:Sun Alliance 57:Merged with 179:West Indies 148:John Irving 209:References 77:Key people 66:Successor 294:Category 258:, London 162:held by 33:Founders 126:History 61:in 1959 25:Founded 278:16 May 168:London 164:Lloyds 280:2022 170:and 146:and 134:and 110:The 54:Fate 28:1824 188:WWI 296:: 263:^ 247:^ 205:. 194:. 142:, 122:. 282:.

Index

Sir Moses Montefiore
Nathan Mayer Rothschild
Sun Insurance
Sun Alliance
Samuel Gurney
Francis Baring
John Irving (MP)
Benjamin Gompertz
Sun Insurance
Sun Alliance Insurance
Sir Moses Montefiore
Nathan Mayer Rothschild
Samuel Gurney
Francis Baring
John Irving
Benjamin Gompertz
law of mortality
marine insurance
Lloyds
London
Royal Exchange
West Indies
Insurance Company of Scotland
WWI
Workmen's Compensation Act 1906
Royal Insurance
RSA Insurance Group
Companies portal
United Kingdom portal

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

↑