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Royal Exchange Assurance Corporation
The Royal Exchange Assurance, founded in 1720, was a British insurance company. It took its name from the location of its offices at the Royal Exchange, London. Origins The Royal Exchange Assurance emerged from a joint stock insurance enterprise known as ''Onslow's insurance'' or ''Onslow's Bubble''. This had been begun as the ''Mercer's Hall Marine Company'', or ''Undertaking kept at the Royal Exchange for insuring ships and merchandise at sea''. A similar enterprise sought incorporation in 1718, but the Attorney-General reported against this. Lord Onslow then sought a means of avoiding the difficulty by his company acquiring the charters of Society of Mines Royal and Company of Mineral and Battery Works, which declared itself open for assuring ships and merchandise in March 1719. Their opponents petitioned against this and the Attorney-General reported in May 1719 that the use made of the charters was "unwarrantable". The directors admitted this mistake but requested their ... [...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), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Charter
A royal charter is a formal grant issued by a monarch under royal prerogative as letters patent. Historically, they have been used to promulgate public laws, the most famous example being the English Magna Carta (great charter) of 1215, but since the 14th century have only been used in place of private acts to grant a right or power to an individual or a body corporate. They were, and are still, used to establish significant organisations such as boroughs (with municipal charters), universities and learned societies. Charters should be distinguished from royal warrants of appointment, grants of arms and other forms of letters patent, such as those granting an organisation the right to use the word "royal" in their name or granting city status, which do not have legislative effect. The British monarchy has issued over 1,000 royal charters. Of these about 750 remain in existence. The earliest charter recorded on the UK government's list was granted to the University ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Companies Disestablished In 1968
British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, the English language as spoken and written in the United Kingdom or, more broadly, throughout the British Isles * Celtic Britons, an ancient ethno-linguistic group * Brittonic languages, a branch of the Insular Celtic language family (formerly called British) ** Common Brittonic, an ancient language Other uses *''Brit(ish)'', a 2018 memoir by Afua Hirsch *People or things associated with: ** Great Britain, an island ** United Kingdom, a sovereign state ** Kingdom of Great Britain (1707–1800) ** United Kingdom of Great Britain and Ireland (1801–1922) See also * Terminology of the British Isles * Alternative names for the British * English (other) * Britannic (other) * British Isles * Brit (other) * Bri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1720
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, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, 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. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Based In The City Of London
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, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, 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. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assess ... [...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] |
Vivian Smith, 1st Baron Bicester
Vivian Hugh Smith, 1st Baron Bicester (9 December 1867 – 17 February 1956) was a British merchant banker. Early life Vivian Hugh Smith was born on 9 December 1867. He was the elder son of Hugh Colin Smith (son of John Abel Smith and Governor of the Bank of England from 1897 to 1899) and Constance Maria Josepha (née Adeane). He was educated at Eton College and Trinity College, Cambridge. His brother Aubrey followed the different path of joining the Royal Navy at the age of eleven and later rose to be an admiral. Career Smith served as the Chairman of Yule Catto & Company Ltd (present-day Synthomer), Governor of the Royal Exchange Assurance Corporation from 1914 to 1956, and a Director of Morgan Grenfell & Co. Between 1934 and 1956, he also held the honorary position of Lord Lieutenant of Oxfordshire. On 29 June 1938, Smith was raised to the peerage as Baron Bicester, of Tusmore in the County of Oxford. Personal life In 1897, Smith was married to Lady Sybil Mary McDonnell, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Octavius Wigram
Octavius Wigram (18 December 1794 – 20 May 1878) was an English businessman and ship owner in the City of London, a member of Lloyds and Governor of the Royal Exchange Assurance Corporation. Life Born at Walthamstow House, Walthamstow, on 18 December 1794, despite his name Wigram was the twelfth child and seventh son of Lady Eleanor and Sir Robert Wigram, 1st Baronet (1744–1830) His father was a merchant shipbuilder and Tory politician who had a total of twenty-three children. He was educated privately at Shacklewell, and at the age of sixteen he entered his father's counting-house. In 1819 he became a director of the Royal Exchange Assurance Company, remaining with the company until his death.''Debrett's Peerage & Baronetage'' (online edition, retrieved 28 February 2011), p. B1002: "The 1st baronet, Sir Robert Wigram, successively MP for Fowey and co. Wexford, obtained eminence as a merchant; he died 1830, having had twenty-three children. The 2nd baronet, MP for Fowey, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Tooke
Thomas Tooke (; 28 February 177426 February 1858) was an English economist known for writing on money and economic statistics. After Tooke's death the Statistical Society endowed the Tooke Chair of economics at King's College London, and a Tooke Prize. In business, he served several terms between 1840 and 1852 as governor of the Royal Exchange Corporation. Likewise, he served for several terms as chairman of the St Katharine's Docks company. He was also an early director of the London and Birmingham Railway. Life Born at Kronstadt on 29 February 1774, he was the eldest son of William Tooke, at that time chaplain to the British factory there. Thomas began his professional life at the age of fifteen in a house of business at St Petersburg, and subsequently became a partner in the London firms of Stephen Thornton & Co., and Astell, Tooke, & Thornton. He took no serious part in discussion of economic questions until 1819, when he gave evidence before committees of both Houses of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pascoe Grenfell
Pascoe Grenfell (3 September 1761 – 23 January 1838) was a British businessman and politician. Biography He was born at Marazion, in Cornwall. His father, Pascoe Grenfell (1729–1810), and uncle were merchants in the tin and copper business. Grenfell studied at Truro Grammar School before joining his father's business in London. Later, he joined the business of Thomas Williams of Llanidan, a major brass and copper producer, becoming Williams's principal manager. He also served as governor of the Royal Exchange Assurance Company from 1829 to 1838. On Williams's death, Grenfell was chosen as one of the members of parliament for the constituency of Great Marlow in Buckinghamshire. He continued to represent that constituency until 1820, when he became representative for Penryn, a position he maintained to 1826. As a parliamentarian, he was a strong supporter of William Wilberforce in the debates on the human slave trade and transportation. He was also a vigilant observer of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nicholas Magens
Esq. Nicholas Magens or Nicolaus Paul Magens (1697 or 1704–1764) was an attorney, a merchant on Spain and her colonies in America, and an expert on ship insurance, general average and bottomry who gained a great reputation in commercial matters. Life Nicolaus was born Neuendorf bei Elmshorn in the Duchy of Holstein. Around 1725 he lived in Cadiz and traded on Veracruz where silver from New Spain could be bought. Already in 1737 he was living in London and became a citizen when he married Elizabeth Dörrien and by royal assent; his younger brother Wilhelm settled in Cadiz. In 1741 he became one of the directors of the Royal Exchange Assurance Corporation and was given the responsibility for the complaint negotiations by the Hamburg Senate. In 1759 he seems to have been appointed by the Bank of England as director. After the Anglo-Prussian Convention, he and George Amyand were involved in two bills of exchange, to support the Duke of Brunswick. They collaborated with Henry ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guardian Assurance Company
The Guardian Assurance Company was a British insurance company based in London and formed in 1821 to offer both life and fire insurance. Through a combination of organic growth and acquisition it became one of the leading insurance companies. In 1968 it merged with Royal Exchange to form Guardian Royal Exchange. History The first hundred years There ae no records of the original meetings or the motivation of the promotors but it is believed that there was a substantial involvement by bankers. The Chairman, Stewart Marjoribanks was an East India merchant and the Deputy Chairman, Richard Mee Raikes later became Governor of the Bank of England. A notice in The Times in November 1821 stated that the Court of Directors of Guardian Fire and Life announce that a general meeting of the subscribers will be held at the City of London Tavern on 10th of December when the Deed of Settlement will be submitted for approval. On the following February the Directors announced that “the pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
