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The Hanover Insurance Group was established in 1852 near Hanover Square in Manhattan in New York City.It paid a cash dividend to shareholders every year since 1853. [2]Though remaining a relatively small company over the next 125 years, Hanover's common stock price multiplied between 1971 and 1983 by over 23 times from its low point in the decade to its eventual peak.
It was then acquired by Hanover Insurance for £313 million in April 2011. [2] It was the subject of a management buyout supported by Growth Capital Partners in February 2014. [3] Chaucer was acquired by China Reinsurance (Group) Corporation (China Re) for $950m (£766m) in 2018. [4] [5]
Hannover Re (in German Hannover Rück) is a reinsurance company based in Hannover, Germany. It is the third-largest reinsurance group in the world, with a gross premium of around €33 billion. Founded in 1966, Hannover Re transacts all lines of property & casualty and life & health reinsurance and has a network of over 170 subsidiaries ...
In 2008 the VHV Group entered the French insurance market. [17] In addition, a stake of 7.4 percent was acquired in the Swiss insurance company Nationale Suisse in 2008, which was the basis for a long-term cooperation. [18] Due to the rising number of customers and employees, a new headquarter was built at VHV-Platz 1, which was completed in 2009.
The company did not issue its first regular insurance policy until April 5, 1864, but informally entered into its first insurance agreement a month earlier. [13] On March 1, 1864, local banker James Bolter jokingly inquired of Batterson how much it would cost to insure him up to $5,000 for accidental death for the journey from the post office ...
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In 1917, the company moved its headquarters to Lansing, Michigan where the home office has remained. [4] Auto-Owners began writing insurance in Indiana, its first state outside of Michigan, in 1935. They now offer insurance in 26 states through local, independent insurance agents. [4] The company has been a member of the Fortune 500 since 2003. [5]
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