The Royal Exchange : $b a note on the occasion of the bicentenary of the Royal Exchange AssuranceMason, A. E. W. (Alfred Edward Woodley)
History
The Royal Exchange : $b a note on the occasion of the bicentenary of the Royal Exchange Assurance
Mason, A. E. W. (Alfred Edward Woodley)
Royal Exchange (London, England) -- History; Royal Exchange Assurance (Firm) -- History
The Royal Exchange Assurance Corporation stands to-day its own
evidence and justification. It was the first Insurance Office to
extend its work to the troubled country of Ireland, where fires were
more than ordinarily common, for it opened its first office in Abbey
Street, Dublin, in the year 1722: and it retains to-day by the activity
of its agents and the extension of its business that pre-eminence which
its priority in time first gave to it. Of late years it has undertaken
much work which in other days would have been deemed quite outside the
scope of an Insurance Corporation. It was the first Insurance Office
in England to set up a Trustee branch. This was in 1904, when as yet
there was no Public Trustee, and many a legatee’s affairs were plunged
into confusion by the death or business inexperience of an Executor.
Thus, though not a philanthropic institution, the Corporation has
pursued its business by beneficent means. It has seen companies--such
as that which was originated by the famed Mr. Montague Tigg--blaze for
a moment in a false prosperity and then disappear. It has remained
proud in its antiquity, faithful to its traditions, and yet alert to
each new development of the machinery of life which could strengthen
its foundations and extend its influence. It has survived the most
momentous changes and the most difficult crises in the national life
of Great Britain. Yes, but self-preservation is not everything. For a
Corporation to live for two hundred years is very well in itself; but
to live at the end of that time amidst the increasing confidence and
good will of those who have entrusted their interests to its care is a
greater matter of which the Royal Exchange Assurance Corporation may
well be infinitely proud.
A. E. W. MASON.
JAS. TRUSCOTT & SON, LTD., London. E.C.
Transcriber's Notes:
Italics are shown thus: _sloping_.
Variations in spelling and hyphenation are retained.
Perceived typographical errors have been changed.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account