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Commercial Union
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 stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (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 therefore 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 Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North British And Mercantile Insurance
The 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 the Mercantile Fire Insurance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1861 Establishments In The United Kingdom
Statistically, this year is considered the end of the whale oil industry and (in replacement) the beginning of the petroleum oil industry. Events January–March * January 1 ** Benito Juárez captures Mexico City. ** The first steam-powered carousel is recorded, in Bolton, England. * January 2 – Frederick William IV of Prussia, Friedrich Wilhelm IV of Prussia dies, and is succeeded by Wilhelm I of Germany, Wilhelm I. * January 3 – American Civil War: Delaware votes not to secede from the United States, Union. * January 9 – American Civil War: Mississippi becomes the second state to secede from the Union. * January 10 – American Civil War: Florida secedes from the Union. * January 11 – American Civil War: Alabama secedes from the Union. * January 12 – American Civil War: Major Robert Anderson (Civil War), Robert Anderson sends dispatches to Washington. * January 19 – American Civil War: Georgia (U.S. state), Georgia secedes from ... [...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 people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating 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 duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...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 hedge 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 is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of Production (economics), production, Distribution (economics), distribution, and Consumption (economics), consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in Financial system, financial systems at various scopes, thus the field can be roughly divided into Personal finance, personal, Corporate finance, corporate, and public finance. In a financial system, assets are bought, sold, or traded as Financial instrument, financial instruments, such as Currency, currencies, Loan, loans, Bond (finance), bonds, Share (finance), shares, Stock, stocks, Option (finance), options, Futures contract, futures, etc. Assets can also be Bank, banked, Investment, invested, and Insurance, insured to maximize value and minimize loss. In practice, Financial risk, risks are alway ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviva
Aviva plc is a British multinational insurance company headquartered in London, England. It has about 18 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 also has a focus on the growth markets of China and South East Asia through investments and joint ventures with other firms. 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 Norwich Union brand, however, was retained for the ... [...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 1967, it merged with the ''Amsterdamsche Maatschappij van Levensverzekeringen'' and was renamed ''Delta''. And in 1969, Delta merged with NedLloyd (not to be confused with the shipping company of the same name). In 1973, all shares in Delta were bought by the British firm Commercial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emporis
Emporis GmbH was a real estate data mining company that was headquartered in Hamburg, Germany. The company collected data and photographs of buildings worldwide, which were published in an online database from 2000 to September 2022. On 12 September 2022, the managing director of CoStar Europe posted a letter on Emporis.com, informing its community members of the decision which had been made to retire the Emporis community platform, 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 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 low-rise buildings and other structures. It used a ... [...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 London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow .... It was one of three fire insurance companies started after the Great Fire of London, 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Accident
General Accident plc was a large insurance business based in Perth, Scotland, Perth, Scotland. It merged with Commercial Union in 1998 to form CGU plc. History The Norie-Miller years The Employers' liability act of 1880 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. What happened then was to radically change the future of the insurer, with the appointment of the 27-year-old Francis Norie-Miller as Secretary and manager. Norie-Miller had previously been the Assistant Manager of Mercantile Accident of Glasgow. His reign spanned over half a century, remaining as managing director un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
River Thames
The River Thames ( ), known alternatively in parts as the The Isis, River Isis, is a river that flows through southern England including London. At , it is the longest river entirely in England and the Longest rivers of the United Kingdom, second-longest in the United Kingdom, after the River Severn. The river rises at Thames Head in Gloucestershire, and flows into the North Sea near Tilbury, Essex and Gravesend, Kent, via the Thames Estuary. From the west it flows through Oxford (where it is sometimes called the Isis), Reading, Berkshire, Reading, Henley-on-Thames and Windsor, Berkshire, Windsor. The Thames also drains the whole of Greater London. In August 2022, the source of the river moved five miles to beyond Somerford Keynes due to the heatwave in July 2022. The lower reaches of the river are called the Tideway, derived from its long tidal reach up to Teddington Lock. Its tidal section includes most of its London stretch and has a rise and fall of . From Oxford to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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