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The insurance segment includes RenaissanceRe Syndicate 1458. Ventures include RenaissanceRe Ventures Ltd. and Renaissance Underwriting Managers, Ltd. [3] In 2013, the company's annual revenue was 405,209,000 dollars. [4]
In 1851, the oldest predecessor of The Phoenix Companies, The American Temperance Life Insurance Company, was founded.The American Temperance Life Insurance Company was a part-mutual, part-stock company that insured only those who abstained from alcohol and was founded by a group of prominent Hartford businessmen as well as religious and civic leaders.
In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
Group life insurance (also known as wholesale life insurance or institutional life insurance) is term insurance covering a group of people, usually employees of a company, members of a union or association, or members of a pension or superannuation fund. Individual proof of insurability is not normally a consideration in its underwriting.
The Guardian Life Insurance Company of America; H. John Hancock Financial; The Hartford; HealthyDakota; Home Life Insurance Company; Horace Mann Educators Corporation; I.
General American Reinsurance, a reinsurance division formed in 1973 by General American Life Insurance Company (GA), was the forerunner to RGA. [6] By 1993, GA's reinsurance division had grown its life reinsurance in force to $114.7 billion. [7]
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