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Trustmark (benefits Company)
Trustmark is an insurance company. According to Crain's Chicago Business magazine, Trustmark ranks #69 among Chicago's Largest Privately Held Companies in 2018. History Trustmark was founded in 1913 as the Brotherhood of All Railway Employees when two railroad employees and two insurance experts teamed up to provide financial security for injured and disabled railway workers. They operated out of a one-desk office in downtown Chicago, paying 90 percent of claims the same day they reached the office. In 1917, the company adopted the name Benefit Association of Railway Employees. In 1963 the company became Benefit Trust Life Insurance Company. Only in 1994 was the name "Trustmark Insurance Company" adopted, upon merger with Bankers Mutual Life of Freeport. In 2010 the company purchased Health Fitness Corporation of Bloomington, Minnesota to expand their offerings into consumer health programs that encourage workers to stay fit and healthy. In 2012 United States Secretary of Health ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services (4 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |