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Kent and Essex Mutual Insurance Company 1888 Chatham, Ontario L&A Mutual Insurance Company 1877 Napanee, Ontario Originally the Lennox and Addington Mutual Fire Insurance Company. Lambton Mutual Insurance Company 1875 Watford, Ontario Maple Mutual Insurance Company 1910 Dresden, Ontario Manulife: 1887 Toronto, Ontario Munich Re Canada
A mutual insurance company is an insurance company owned entirely by its policyholders. It is a form of consumers' co-operative . Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or reduced future premiums.
In 1980, the company became an insurance carrier when Essex Insurance Company was incorporated and licensed to write excess and surplus lines business. [5] In 1986, the Markel Corporation was listed on the NASDAQ exchange, with an IPO offered at $8.33 per share. The company's trading was moved to the NYSE in 1997. [6]
Insurance company ratings take into account a number of factors. Besides the finances, the general health and ethics of the company are also considered before rating the insurer. Some other ...
The Mutual Benefit Life Insurance Company was a life insurance company that was chartered in 1845 and based in Newark in Essex County, New Jersey, United States. The company was headed by Frederick Frelinghuysen (1848–1924) .
NFU Mutual is a UK insurance composite. As a mutual, its policyholder members own the business, [7] and the executives and directors are accountable to them. The full name of the organisation is National Farmers' Union Mutual Insurance Society Limited.
Royal London became a mutual life assurance society in 1908. Other elements of the modern business are older than the primary brand: for example Royal Liver Assurance was founded in 1850, while the Irish business, until recently branded as Caledonian Life dates back to 1824, and represents the Caledonian Insurance Company founded in Edinburgh ...
As a result, The Norfolk Mutual Fire Insurance Company was established by a group of prominent citizens, electing John Endicott as the company's first president. [3] In 1847, Norfolk built an office building at 4 Pearl Street in Dedham Square. [ 4 ]