Norwich Union Fire Insurance Society
of Norwich, and 50, Fleet Street, London, E.C.
1797 Founded by Thomas Bignold, a merchant and banker, as a mutual society the "Norwich Union Society for the Insurance of Houses, Stock and Merchandise from Fire". This later became known as the Norwich Union Fire Insurance Office.
1818 After a rebellion by the policy holders, Thomas was ousted and his son Samuel elected in his place; he held the position for nearly sixty years[1].
1821 The Fire Society demutualised when it absorbed the Norwich General Assurance Co, another insurance company that Bignold had been connected with.
1914 Business: Fire, Accident, Marine, Sickness, Workmen's Compensation, Burglary, Third Party Indemnity, Fidelity Guarantee, Hail, Property Owners' Indemnity, Plate Glass, Motor Car, Live Stock, and Loss of Profits insurance.
1920 The Phoenix Assurance Co acquired 44,000 shares in the Norwich Union Fire Office[2]
1925 Phoenix sold its interest in Norwich Union Fire to the Norwich Union Life Insurance Society[3]
1929 The society continued to operate its own fire brigades to protect the society's policyholders' buildings until 1929 - its last private brigade was in Worcester.
Became part of Norwich Union
See Also
Sources of Information
- Wikipedia