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Some reinsurance has a cut-through provision which allows the reinsurance company to pay policyholders directly. Website: www.phoenixphiladelphia.com. IndustriesWe Insure. The other companies must have regretted their panic reaction to the 1861 Fire, because the Commercial Union made rapid headway at their expense. CU was fortunate at this time that so much of its business lay outside Europe, in places where expansion could continue uninterrupted. To request a quote, or to learn more, please contact us at 1-800-263-9120. When World War II began, this process was accelerated in the United Kingdom by shortages of staff and space. Learn about more life insurers. Working at Commercial Union Insurance Company: 12 Reviews - Indeed Founded in 1973 by Commercial Union Assurance plc of the United Kingdom, now Aviva plc and the Christophides Group which had been representing this company in Cyprus since 1925. . Fax: 267-514-0865. Established in February 1891 to take over the business, assets, and liabilities of the General Accident and Employers' Liability Assurance Association Ltd, which had been founded in 1885. The British and European Insurance Company Ltd was established in London in November 1908. If your credit union would like to earn a higher yield on its safest, most liquid assets, own life insurance on its key people, and pre-fund employee benefit expenses, COLI is an attractive alternative to the lower-yielding options offered elsewhere. The company was acquired by Yorkshire Insurance in August 1913 and continued to run as the engineering arm of General Accident into the 1990s. For emergency after-hours claims, please contact our Claims Service line at 1-800-445-2330. Deregistered upon request of the company or close corporation, or a third party. The company was acquired by Commercial Union in September 1910, at which point it went into voluntary liquidation. Union Standard Insurance | Property & Casualty Insurance | USIC Share price data delayed by 15 minutes. Its shareholders included some of London's most enterprising businessmen. In 1805, its business was extended to offer cover for buildings as well, and in 1813 it began to provide life assurance. Its aim was to guarantee employers against loss, should an individual employee embezzle or defraud them. North British and Mercantile became a subsidiary of Commercial Union in 1959. It offered special rates for ministers and those connected with the great body of Protestant Dissenters.