Royal Exchange Assurance Corporation: Difference between revisions
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[[image:Im19600709ILN-Royal.jpg|thumb| July 1960. ]] | [[image:Im19600709ILN-Royal.jpg|thumb| July 1960. ]] | ||
of Royal Exchange, London, E.C. | of Royal Exchange, London, E.C. Insurance company providing cover under the [[Royal Exchange Assurance]] brand. | ||
1717 Established when the subscribers of the Mercers' Hall Marine Co. raised a fund of one million sterling to insure ships and merchandise. | 1717 Established when the subscribers of the Mercers' Hall Marine Co. raised a fund of one million sterling to insure ships and merchandise. | ||
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1718 Transacted business of marine insurance under the name of the "Court of Assistants of the Mines Royal, Mineral and Battery Works," with Thomas, Lord Onslow, as Governor. | 1718 Transacted business of marine insurance under the name of the "Court of Assistants of the Mines Royal, Mineral and Battery Works," with Thomas, Lord Onslow, as Governor. | ||
1720 Incorporated by Royal Charter, and assumed title of | 1720 Incorporated by Royal Charter, and assumed title of '''Royal Exchange Assurance Corporation'''. | ||
1721 | 1721 A further Charter was granted. These charters empowered the Corporation to transact Sea, Fire, and Life Assurance business. | ||
1793 Additional powers were obtained "to grant purchase and sell annuities upon or for lives" | 1793 Additional powers were obtained "to grant purchase and sell annuities upon or for lives" | ||
1801 Powers to insure vessels and goods on inland waters | 1801 Powers gained to insure vessels and goods on inland waters | ||
1826 Powers gained to make advances on mortgages | 1826 Powers gained to make advances on mortgages | ||
1854 the stocks and powers authorised by Charters and previous Acts | 1854 Consolidation of the stocks and powers authorised by Charters and previous Acts | ||
1901 Adopted new constitution by Act of Parliament | 1901 Adopted new constitution by Act of Parliament | ||
Revision as of 08:30, 11 May 2017
of Royal Exchange, London, E.C. Insurance company providing cover under the Royal Exchange Assurance brand.
1717 Established when the subscribers of the Mercers' Hall Marine Co. raised a fund of one million sterling to insure ships and merchandise.
1718 Transacted business of marine insurance under the name of the "Court of Assistants of the Mines Royal, Mineral and Battery Works," with Thomas, Lord Onslow, as Governor.
1720 Incorporated by Royal Charter, and assumed title of Royal Exchange Assurance Corporation.
1721 A further Charter was granted. These charters empowered the Corporation to transact Sea, Fire, and Life Assurance business.
1793 Additional powers were obtained "to grant purchase and sell annuities upon or for lives"
1801 Powers gained to insure vessels and goods on inland waters
1826 Powers gained to make advances on mortgages
1854 Consolidation of the stocks and powers authorised by Charters and previous Acts
1901 Adopted new constitution by Act of Parliament