Grace's Guide

British Industrial History

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Norwich Union Life Insurance Society

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1834.
1864.
1882.

of Norwich and 49, Fleet Street, E.C.

1808 Established on the Mutual principle by Thomas Bignold, a merchant and banker. He had earlier established another mutual, the Norwich Union Fire Insurance Society.

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].

1866 Took over the business of the Amicable Society, founded by Royal Charter in the reign of Queen Anne. The united Societies constituted the oldest Life Office in the world.

1893 Took over the business of the Reliance Society, founded in 1840

1906 Took over the business of the Scottish Imperial Life Office

1909 Took over the Victoria Mutual Assurance Society. Presumably then became Norwich Union Mutual Life Office.

1914 Business: Life Insurance and Annuities; Guaranteed Income Policy, Early Provident Insurance; also Educational Annuities, Current Savings Policy, Old Age Pensions, &c.

1925 Acquired from the Phoenix Assurance Co its interest in the Norwich Union Fire Office[2]

Later became part of Norwich Union

See Also

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Sources of Information

  1. Obituary of Samuel Bignold, ODNB
  2. The Times, Jul 08, 1925
  • Wikipedia