COMPANY·HISTORIES
NAIC 524126

Property and Casualty Insurance Carriers

How the companies in this industry began, and the forces that shaped them.

54companies1727–2000founding years54still active0no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironmentHistory
FoundedThe Royal Bank of Scotland Group plc
1727
FoundedVictoria Group
1853
FoundedThe Prudential Insurance Company of America
1873
FoundedThe Chubb Corporation
1882
FoundedAlleanza Assicurazioni S.p.A.
1898
FoundedHDI (Haftpflichtverband der Deutschen Industrie Versicherung auf Gegenseitigkeit V.a.G.)
1903
TechnologyThe Wright brothers achieve powered flight.
FoundedJefferson-Pilot Corporation
1907
1914
EconomyWorld War I begins; global trade reorders.
FoundedFord Motor Company
1919
FoundedOld Republic International Corporation
1923
1929
EconomyThe stock market crashes; the Great Depression spreads worldwide.
FoundedHUK-Coburg
1933
1939
EconomyWorld War II begins; wartime production surges.
1945
EconomyThe war ends; a long global expansion begins.
FoundedAlfa Corporation
1946
1947
TechnologyThe transistor is invented.
1958
TechnologyThe integrated circuit is demonstrated.
FoundedMalayan Banking Berhad
1960
1962
EnvironmentSilent Spring launches the modern environmental movement.
FoundedCNA Financial Corporation
1967
FoundedLeucadia National Corporation
1968
1971
EconomyThe dollar leaves the gold standard; currencies float.
FoundedSynovus Financial Corp.
1972
1973
EconomyThe OPEC oil embargo triggers a global shock.
1975
TechnologyThe personal-computer era begins.
FoundedConseco, Inc.
1979
EconomyA second oil crisis drives inflation higher worldwide.
1981
TechnologyThe IBM PC launches and sets a standard.
1984
TechnologyApple ships the Macintosh; the GUI era begins.
1987
EconomyBlack Monday: markets fall sharply around the world.
1989
HistoryThe Berlin Wall falls; global markets open up.
FoundedDanske Bank Aktieselskab
1990
1991
TechnologyThe World Wide Web is released to the public.
1993
TechnologyThe Mosaic browser brings the web to everyone.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
FoundedRoyal & Sun Alliance Insurance Group plc
1996
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
2000
EconomyThe dot-com bubble bursts.
2004
TechnologySocial media and Web 2.0 take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2008
EconomyThe global financial crisis freezes credit worldwide.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

The Royal Bank of Scotland Group plc →
Active · founded 1727 · United Kingdom
The Royal Bank of Scotland Group plc ranks as the leading Scotland-based banking group and the number three bank in the…
AXA Colonia Konzern AG →
Active · founded 1839 · Germany
AXA Colonia Konzern AG is Germany's fourth largest primary insurer based in Cologne.
Westfield Group →
Active · founded 1848
Based in Westfield Center, Ohio, Westfield Group (unrelated to the identically named Australian real estate…
Victoria Group →
Active · founded 1853 · Germany
Düsseldorf-based Victoria Group, formerly known as Victoria Holding AG is one of Germany's leading groups of direct…
Skandia Insurance Company, Ltd. →
Active · founded 1855 · Sweden
Since its founding in 1855, Sweden's Skandia Insurance Company, Ltd.
Credit Suisse Group →
Active · founded 1856 · Switzerland
Credit Suisse Group, which began as a commercial bank in 1856, at a time when Switzerland was first embracing the…
The Prudential Insurance Company of America →
Active · founded 1873
The Prudential Insurance Company of America is one of the largest diversified financial institutions in the world and,…
Winterthur Group →
Active · founded 1875 · Switzerland
Winterthur Group is the largest life and nonlife insurance company in Switzerland, selling a broad range of insurance…
Millea Holdings Inc. →
Active · founded 1879 · Japan
Millea Holdings Inc.
The Chubb Corporation →
Active · founded 1882
s: 52321 Security and Commodity Exchanges; 524113 Direct Life Insurance Carriers; 52413 Reinsurance Carriers; 524114…
Allianz AG →
Active · founded 1890 · Germany
Once known primarily as a German insurance company, Allianz AG has grown to become one of the world's leading financial…
The Wawanesa Mutual Insurance Company →
Active · founded 1896 · Canada
The Wawanesa Mutual Insurance Company, based in Winnipeg, is Canada's largest mutual insurer.
Alleanza Assicurazioni S.p.A. →
Active · founded 1898 · Italy
Alleanza Assicurazioni S.p.A.
Grupo Financiero Banorte, S.A. de C.V. →
Active · founded 1899 · Mexico
Grupo Financiero Banorte, S.A.
Dr. August Oetker KG →
Active · founded 1902 · Germany
Dr.
HDI (Haftpflichtverband der Deutschen Industrie Versicherung auf Gegenseitigkeit V.a.G.) →
Active · founded 1903 · Germany
HDI (Haftpflichtverband der Deutschen Industrie Versicherung auf Gegenseitigkeit V.a.G.) is Germany's third largest…
Gerling-Konzern Versicherungs-Beteiligungs-Aktiengesellschaft →
Active · founded 1904 · Germany
Gerling-Konzern Versicherungs-Beteiligungs-Aktiengesellschaft (GKB) is the holding company for the family-owned Gerling…
Debeka Krankenversicherungsverein auf Gegenseitigkeit →
Active · founded 1905 · Germany
Debeka Krankenversicherungsverein auf Gegenseitigkeit, based in Koblenz, sees itself as Germany's number one private…
Jefferson-Pilot Corporation →
Active · founded 1907
Jefferson-Pilot Corporation is a major U.S.
General Motors Corporation →
Active · founded 1916
General Motors Corporation (GM) is the world's largest full-line vehicle manufacturer and marketer.
Sanlam Ltd. →
Active · founded 1918 · South Africa
Sanlam Ltd.
Ford Motor Company →
Active · founded 1919
As the second-largest automobile company in the world, Ford Motor Company represents a $164 billion multinational…
State Farm Mutual Automobile Insurance Company →
Active · founded 1922
State Farm Mutual Automobile Insurance Company, the cornerstone in the State Farm Insurance Companies group, has been…
USAA →
Active · founded 1922
USAA is a diversified insurance and financial services company patronized primarily by U.S.
Old Republic International Corporation →
Active · founded 1923
Old Republic International Corporation, one of the 50 largest publicly held insurance organizations in the United…
Erie Indemnity Company →
Active · founded 1925
Erie Indemnity Company is the attorney-in-fact and manager of the Erie Insurance Exchange, which in turn pools…
Alleghany Corporation →
Active · founded 1929
Alleghany Corporation operates as a diversified conglomerate with holdings related to insurance, industrial minerals,…
HUK-Coburg →
Active · founded 1933 · Germany
HUK-Coburg (whose full name is HUK-Coburg Haftpflicht-Unterst�tzungs-Kasse kraftfahrender Beamter Deutschlands AG) in…
CUNA Mutual Group →
Active · founded 1935
Based in Madison, Wisconsin, CUNA Mutual Group provides financial services to credit unions.
The Midland Company →
Active · founded 1938
The Midland Company generates the vast majority of its revenue through specialty insurance, targeting loss types that…
Alfa Corporation →
Active · founded 1946
The disclosure certainly did no serious harm to Alfa's reputation.
Renault Argentina S.A. →
Active · founded 1955 · Argentina
Of Argentina's ten automakers, almost all are closely held subsidiaries or affiliates of their American, European, or…
The Progressive Corporation →
Active · founded 1956
By practically any measure, The Progressive Corporation ranks among the United States' most successful property and…
Malayan Banking Berhad →
Active · founded 1960 · Malaysia
Malayan Banking Berhad is the holding company overseeing Malaysia's largest bank, Maybank and a range of financial…
United National Group, Ltd. →
Active · founded 1960
United National Group, Ltd.
American International Group, Inc. →
Active · founded 1967
American International Group, Inc.
CNA Financial Corporation →
Active · founded 1967
As the unified holding company for a diverse group of insurance entities that date back to the second half of the 19th…
Clayton Homes Incorporated →
Active · founded 1968
Clayton Homes Incorporated is a leading retailer of manufactured homes in the United States.
Guardian Financial Services →
Active · founded 1968 · United Kingdom
Once one of the largest composite insurers in the United Kingdom, Guardian Financial Services, known previously as…
Leucadia National Corporation →
Active · founded 1968
A holding company, Leucadia National Corporation owns businesses ranging from insurance to telecommunications.
Loews Corporation →
Active · founded 1969
Loews Corporation is a holding company with diversified interests in insurance, tobacco, offshore drilling, hotels, and…
American Homestar Corporation →
Active · founded 1971
American Homestar Corporation, one of the leading producers of site-assembled manufactured housing in the United…
Synovus Financial Corp. →
Active · founded 1972
Synovus Financial Corp.
The PMI Group, Inc. →
Active · founded 1972
Based in San Francisco, The PMI Group, Inc., operating through several wholly owned or partially owned subsidiaries, is…
Advanta Corporation →
Active · founded 1974
Advanta Corporation originates, services, and sells small business credit card and home equity loans.
Conseco, Inc. →
Active · founded 1979
Conseco, Inc.
AEGON N.V. →
Active · founded 1983 · The Netherlands
AEGON N.V., one of the world's ten largest listed life insurance groups, is a prime example of the move toward larger…
Fairfax Financial Holdings Limited →
Active · founded 1985 · Canada
Toronto-based Fairfax Financial Holdings Limited, a dealer in insurance and reinsurance services, has gained notoriety…
Danske Bank Aktieselskab →
Active · founded 1990 · Denmark
Danske Bank Aktieselskab is the largest banking group in Denmark and among the three largest in Scandinavia.
Allmerica Financial Corporation →
Active · founded 1995
Allmerica Financial Corporation is a holding company for a group of financial services companies.
Farm Family Holdings, Inc. →
Active · founded 1996
Farm Family Holdings, Inc.
Royal & Sun Alliance Insurance Group plc →
Active · founded 1996 · United Kingdom
Royal & Sun Alliance Insurance Group plc (RSA) is one of the largest insurance companies based in the United Kingdom.
NYMAGIC, Inc. →
Active · founded 1998
With headquarters in New York City, NYMAGIC, Inc.
Aviva PLC →
Active · founded 2000 · United Kingdom
The product of multiple mergers, Aviva PLC is the United Kingdom's largest insurance and financial services group and…
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