New Niche Markets Biography
Assurant, Inc. is a holding company with businesses that provide a diverse set of specialty, niche-market insurance products in the property, casualty, life and health insurance sectors. The company’s four operating segments are Assurant Employee Benefits, Assurant Health, Assurant Solutions and Assurant Specialty Property.
The company, formerly known as Fortis, Inc., was spun off from Dutch and Belgian financial-services company Fortis Insurance N.V. in 2004. The company’s initial public offering on Feb. 5, 2004 at $1.76 billion was the fourth largest that year. In connection with the public offering, the company changed its name to Assurant, Inc.[2][3]
Headquartered in New York City, Assurant is 285 on the Fortune 500 list of the largest publicly traded companies in the United States.[4] It also is included in the Ward’s 50, which recognizes the top property-casualty insurance companies domiciled in the United States.[5]Assurant recently celebrated its 120th anniversary, tracing its roots back to founding of the La Crosse Mutual Aid Association, which was established to sell disability insurance in Wisconsin in the early 1890s. La Crosse Mutual Aid Association would later become the Time Insurance Company.[6] In 1978, N.V. AMEV of the Netherlands acquired the Time Insurance Company (now Assurant Health) via its U.S. holding company AMEV Holdings, Inc. During the next 12 years, AMEV Holdings, Inc. would expand through acquisition, buying American Security Insurance (credit-related insurance); United Family (funeral insurance); Western Insurance Company (mutual funds); and Superior Insurance (auto insurance).[7] In 1990, N.V. AMEV of the Netherlands acquired VSB Groep NV bank to become the Netherlands first financial conglomerate combining an insurer and a bank, creating Fortis.[8] AMEV Holdings, Inc. was rebranded Fortis, Inc. in 1991. The business was subsequently renamed as Assurant and spun off from the parent company. [9]
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
New Niche Markets
No comments:
Post a Comment