Annals, Anecdotes and Legends: A Chronicle of Life AssuranceFrancis, John, of the Bank of England
History
Annals, Anecdotes and Legends: A Chronicle of Life Assurance
Francis, John, of the Bank of England
Life insurance
Caledonian (mixed). Originally fire 1805
” ” Extended to life 1833
Five-sixths of the profits allotted to the policies.
Northern (mixed). Commenced under the title of
the North of Scotland, and took its present name
in 1848. Divides 90 per cent. of its profits
among the policy-holders 1836
Scottish Provident (mutual) 1837
City of Glasgow (mixed). Annual investigations
and yearly bonuses. At the end of five years
a policy-holder may live out of the limits
of Europe without extra premium 1838
Life Association of Scotland (mixed). Commenced
as the Edinburgh and Glasgow, and took its
present name about 1841 1839
English and Scottish Law Life (mixed) 1839
National (mixed). Commenced fire 1841
” ” ” life 1843
Four-fifths of the profits allotted to the policies.
_Offices that have transferred their Business._
Bon Accord, Life 1845
Transferred to _the Northern_ in 1849.
Commercial, Life (Head Office in Glasgow) 1840
Transferred to _the Standard_ in 1846.
East of Scotland, Life (Head Office in Dundee) 1844
Transferred to _the Colonial_ in 1852.
Experience, Life 1843
Transferred to _the Standard_ in 1850.
Friendly, Fire 1720
Transferred to _the Sun_ in 1847.
Hercules, Fire and Life, Fire 1809
” ” Life 1832
Transferred to _the Scot. Union_, life
in 1835, and fire in 1849.
Mercantile, Life 1844
Transferred to _the Life Association_
in 1850.
Scottish Life and Guarantee, Life 1844
Transferred to _the Mercantile_ in 1848.
Scot. Masonic (originally Freemason’s, Life) 1844
Transferred to _the Northern_ in 1848.
Thus, in Scotland one office was established in 1815; five from 1816 to
1825; three from 1826 to 1838; six from 1836 to 1845.
The united incomes of these are not far short of 1,400,000_l._; and the
assurances now in force amount to about 33,000,000_l._
THE END.
FOOTNOTE:
[33] Night and Morning.
* * * * *
LONDON:
SPOTTISWOODES and SHAW,
New-street-Square.
* * * * *
Transcriber’s Notes:
The original of this book contained a catalog, dated March 31, 1853, of
new works in general and miscellaneous literature published by Messrs.
Longman, Brown, Green, and Longmans, Paternoster Row, London, that is
available as the separate Project Gutenberg EBook #49620.
Footnotes have been moved to the end of each chapter and relabeled
consecutively through the document.
Punctuation has been made consistent.
Public-domain text, read in full here on John Shaqi.
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