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. Its 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. References Financial services companies established in 1728 Insurance companies of Denmark Danish companies established in 1728 1930 disestablishments in Denmark {{Denmark-co ...
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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 is the 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 Liability. 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 2.25 meter (or 88.5 inch) tall basalt or diorite stele in three pieces inscribed with 4,130 lines of cuneiform law dictated by Hammurabi (c. 1792–1750 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 sche ...
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Denmark
) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Danish Realm, Kingdom of Denmark , established_title = History of Denmark#Middle ages, Consolidation , established_date = 8th century , established_title2 = Christianization , established_date2 = 965 , established_title3 = , established_date3 = 5 June 1849 , established_title4 = Faroese home rule , established_date4 = 24 March 1948 , established_title5 = European Economic Community, EEC 1973 enlargement of the European Communities, accession , established_date5 = 1 January 1973 , established_title6 = Greenlandic home rule , established_date6 = 1 May 1979 , official_languages = Danish language, Danish , languages_type = Regional languages , languages_sub = yes , languages = German language, GermanGerman is recognised as a protected minority language in t ...
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Børsen
Børsen (Danish for "the Exchange"), also known as Børsbygningen ("The (Stock) Exchange building" in English), is a 17th-century stock exchange in the center of Copenhagen. The historic building is situated next to Christiansborg Palace, the seat of the Danish Parliament, on the island of Slotsholmen. Børsen, a popular tourist attraction, is most noted for its distinctive spire, shaped as the tails of four dragons twined together, reaching a height of 56 metres. 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. 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 planned on reclaimed land off the coast of Amager. The king ...
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Copenhagen
Copenhagen ( or .; da, København ) is the capital and most populous city of Denmark, with a proper population of around 815.000 in the last quarter of 2022; and some 1.370,000 in the urban area; and the wider Copenhagen metropolitan area has 2,057,142 people. Copenhagen is 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 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. Beginning in the 17th century, it consolidated its position as a regional centre of power with its institutions, defences, and armed forces. During the Renaissance the city served as the de facto capital of the Kalmar Union, being the seat of monarchy, governing the majority of the present day Nordic region in a personal union with Sweden and Norway ruled by the Danis ...
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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 2. Pet ...
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Financial Services Companies Established In 1728
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 profitabil ...
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