COMPANY·HISTORIES
NAIC 524130

Reinsurance Carriers, Fire, Marine, and Casualty

How the companies in this industry began, and the forces that shaped them.

11companies1890–1998founding years11still active0no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironmentHistory
FoundedAllianz AG
1890
FoundedGeneral Electric Company
1892
1903
TechnologyThe Wright brothers achieve powered flight.
FoundedGerling-Konzern Versicherungs-Beteiligungs-Aktiengesellschaft
1904
1914
EconomyWorld War I begins; global trade reorders.
1929
EconomyThe stock market crashes; the Great Depression spreads worldwide.
FoundedCUNA Mutual Group
1935
1939
EconomyWorld War II begins; wartime production surges.
1945
EconomyThe war ends; a long global expansion begins.
FoundedAon Corporation
1947
TechnologyThe transistor is invented.
1958
TechnologyThe integrated circuit is demonstrated.
1962
EnvironmentSilent Spring launches the modern environmental movement.
FoundedAmerican International Group, Inc.FoundedCNA Financial Corporation
1967
FoundedLoews Corporation
1969
1971
EconomyThe dollar leaves the gold standard; currencies float.
1973
EconomyThe OPEC oil embargo triggers a global shock.
1975
TechnologyThe personal-computer era begins.
1979
EconomyA second oil crisis drives inflation higher worldwide.
FoundedWhite Mountains Insurance Group, Ltd.
1980
1981
TechnologyThe IBM PC launches and sets a standard.
1984
TechnologyApple ships the Macintosh; the GUI era begins.
FoundedMGIC Investment Corp.
1985
1987
EconomyBlack Monday: markets fall sharply around the world.
1989
HistoryThe Berlin Wall falls; global markets open up.
1991
TechnologyThe World Wide Web is released to the public.
1993
TechnologyThe Mosaic browser brings the web to everyone.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
FoundedNYMAGIC, Inc.
1998
2000
EconomyThe dot-com bubble bursts.
2004
TechnologySocial media and Web 2.0 take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2008
EconomyThe global financial crisis freezes credit worldwide.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

Allianz AG →
Active · founded 1890 · Germany
Once known primarily as a German insurance company, Allianz AG has grown to become one of the world's leading financial…
General Electric Company →
Active · founded 1892
The history of General Electric Company is a significant part of the history of technology in the United States.
Gerling-Konzern Versicherungs-Beteiligungs-Aktiengesellschaft →
Active · founded 1904 · Germany
Gerling-Konzern Versicherungs-Beteiligungs-Aktiengesellschaft (GKB) is the holding company for the family-owned Gerling…
CUNA Mutual Group →
Active · founded 1935
Based in Madison, Wisconsin, CUNA Mutual Group provides financial services to credit unions.
Aon Corporation →
Active · founded 1947
Chicago-based Aon Corporation is one of the largest insurance brokerage and consulting companies in the world.
American International Group, Inc. →
Active · founded 1967
American International Group, Inc.
CNA Financial Corporation →
Active · founded 1967
As the unified holding company for a diverse group of insurance entities that date back to the second half of the 19th…
Loews Corporation →
Active · founded 1969
Loews Corporation is a holding company with diversified interests in insurance, tobacco, offshore drilling, hotels, and…
White Mountains Insurance Group, Ltd. →
Active · founded 1980 · Bermuda
With U.S.
MGIC Investment Corp. →
Active · founded 1985
MGIC Investment Corp.
NYMAGIC, Inc. →
Active · founded 1998
With headquarters in New York City, NYMAGIC, Inc.
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