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Organic growth was not neglected and the Alliance started the major new line of accident insurance in 1907 following the Workmen's Compensation Act 1906. [1] In 1959, Alliance Assurance merged with Sun Insurance to form Sun Alliance; this in turn merged with the Royal Insurance to produce the Royal Sun Alliance, later RSA Insurance Group. [2]
Sun Alliance Group plc was a large insurance business with its main offices in the City of London and later Horsham. It was created in 1959 by the merger of Sun Insurance, founded in 1710, and Alliance Assurance founded in 1824. In 1996 Sun Alliance merged with Royal Insurance to form the Royal & Sun Alliance Insurance Group.
Sun Insurance had been absent from one of the oldest markets, marine insurance and in 1921 it formed a marine department. This was enlarged by its 1931 acquisition of the Elder's Insurance Company of Liverpool and its 1938 agreement with the Royal Exchange Assurance to operate a joint marine underwriting account. Organisationally, Sun Insurance ...
In 1965, Sun Alliance merged with London Insurance, and changed its name slightly to SunAlliance. In 1985, SunAlliance acquired the Phoenix group of Century, Prudential and Cornhill. In 1986, Australian Alliance Insurance was established as a separate company to SunAlliance, to cater to the needs of the elderly.
RSA Insurance Group Limited (trading as RSA, formerly RSA Insurance Group plc and Royal and Sun Alliance) is a British multinational general insurance company headquartered in London, England. RSA has major operations in the United Kingdom, Ireland, Scandinavia and Canada.
iA Financial Group (a.k.a. Industrial Alliance) is a Canadian insurance and wealth management group that operates in Canada and the United States. [1] It is one of the largest public companies in Canada.
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In April 2015, Kemper acquired Alliance United Insurance Company, one of the fastest growing auto insurance providers in the State of California.Source: [14] In July 2018, Kemper acquired Infinity Property and Casualty Corporation (NASDAQ: IPCC), an auto insurance provider focused on serving the specialty, nonstandard segment, in a cash and stock transaction valued at approximately $1.4 billion.
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