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Stad Rotterdam Verzekeringen () was the name of a
Stad Rotterdam Verzekeringen () was the name of a Dutch
Dutch commonly refers to:
* Something of, from, or related to the Netherlands
* Dutch people ()
* Dutch language ()
Dutch may also refer to:
Places
* Dutch, West Virginia, a community in the United States
* Pennsylvania Dutch Country
People E ...
insurance
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 ...
company, later known as ASR Nederland
ASR Nederland is a major Dutch insurance group based in Utrecht. The company was created in its current form in 2008 when the insurance business was split out of Fortis, after it was acquired by the Dutch government during the Financial crisis o ...
.
History
Stad Rotterdam Verzekeringen (''City of Rotterdam Insurance'' in English) was founded in 1720. Until the merger with Fortis it was the oldest European mainland insurance company, at that time onlyLloyd's of London
Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, England. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body gove ...
was older. The full name of the original company was "Maatschappij ter discontering ende beleening der Stad Rotterdam anno 1720". In 1997, it changed its name to ASR Nederland
ASR Nederland is a major Dutch insurance group based in Utrecht. The company was created in its current form in 2008 when the insurance business was split out of Fortis, after it was acquired by the Dutch government during the Financial crisis o ...
when it merged with ''De Amersfoortse'' insurance company. ASR representing the first letters of Amersfoort and Stad Rotterdam.
ASR Nederland was taken over by the insurance division of Fortis in 2000, but was re-established as an independent insurance company by the Dutch government
The politics of the Netherlands take place within the framework of a parliamentary representative democracy, a constitutional monarchy, and a decentralised unitary state.''Civil service systems in Western Europe'' edited by A. J. G. M. Bekk ...
after it bailed out Fortis in 2008.
References
Financial services companies established in 1720 Insurance companies of the Netherlands {{Netherlands-company-stub