General Casualty Insurance was a super-regional
property
Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, r ...
and
casualty
Casualty may refer to:
*Casualty (person), a person who is killed or rendered unfit for service in a war or natural disaster
**Civilian casualty, a non-combatant killed or injured in warfare
* The emergency department of a hospital, also known as ...
insurance provider headquartered in
Sun Prairie, Wisconsin
Sun Prairie is a city in Dane County in the U.S. state of Wisconsin. A suburb of Madison, it is part of the Madison Metropolitan Statistical Area. The city's population was 35,967 at the 2020 U.S. Census. It is the second-most populous city in Da ...
as of 2006. It operated as a subsidiary of Winterthur U.S. Holdings.
Winterthur U.S. Holdings, which operated as Winterthur North America, and was also based in Sun Prairie, Wisconsin operated General Casualty Insurance, as well as
Bellevue, Washington
Bellevue ( ) is a city in the Eastside region of King County, Washington, United States, located across Lake Washington from Seattle. It is the third-largest city in the Seattle metropolitan area and has variously been characterized as a s ...
-based Unigard Insurance.
History
From 1956 to 1990, General Casualty was owned by Reliance Insurance.
In 1990, General Casualty was sold to Winterthur, a Swiss Insurance Group.
In 1997, Winterthur was sold to
Credit Suisse Group
Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " ...
.
In 2006,
AXA Group acquired Winterthur from Credit Suisse.
In January 2007,
QBE Insurance Group,
Sydney, Australia
Sydney ( ) is the capital city of the States and territories of Australia, state of New South Wales, and the most populous city in both Australia and List of cities in Oceania by population, Oceania. Located on Australia's east coast, the metro ...
, agreed to buy Winterthur U.S. Holdings, General Casualty's parent company, for $1.16 billion.
In 2011, QBE announced that the General Casualty name would be replaced with the QBE name and logo.
References
Companies based in Wisconsin
Financial services companies established in 1925
Insurance companies of the United States
1925 establishments in Wisconsin
Financial services companies disestablished in 2007
2007 disestablishments in Wisconsin
Defunct financial services companies of the United States
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