Insurance Supplement
Special Insurance Number showing facts and figures of leading Companies
CHINA UNDERWRITERS
LIMITED.
INCORPORATED IN HONG KONG AND]
REGISTERED IN GREAT BRITAIN
All Classes of Insurance:
MARINE-
FIRE - EARTHQUAKE -TYPHOON
ACCIDENT & SICKNESS -
Telephone:
C.1122.
MOTOR CAR -
AND
LIFE:
Manager:
H. R. STURT, FLA.
St. George's Building Hồng Kong.
FOR SOUND ADVICE ON ALL MATTERS CONNECTED WITH INSURANCE
Consult any of the following Companies:
CHINA UNDERWRITERS, LIMITED, St. George's Building, Hong Kong,
CALEDONIAN INSURANCE COMPANY,
Agents, Dodwell & Co., Ltd.
GENERAL ACCIDENT, FIRE & LIFE ASSURANCE
CORPORATION, LTD.,
Agents, J. H. Backhouse, Ltd., 1A, Chater Road.
THE LIVERPOOL & LONDON & GLOBE INSURANCE
CO., LTD,,
Agente, Dodwell & Co., Ltd.
THE MANUFACTURERS LIFE INSURANCE CO.
Agents, Arnhold & Co., Ltd.. French Bank Bldg.
THE MOTOR UNION INSURANCE CO., LTD.
Agents, The Union Trading Co., Ltd.. Prince's Bldg.
THE PEARL ASSURANCE CO., LTD.
Agents, Dodwell & Co., Ltd. PHOENIX ASSURANCE COMPANY, LTD.
General Agents, Gibb, Livingston & Co., Ltd.
PHOENIX
ASSURANCE COMPANY LTD.
ESTABLISHED. 1782
INSURANCE BUSINESS OF
EVERY KIND TRANSACTED
FIRE ACCIDENT MOTOR
LIFE
MARINE
(HULL & CARGO).
Quotations and Particulars Furnished
HEAD OFFICE: PHOENIX HOUSE, King William Street. London, 20.243
BIBB, LIVINGSTON & CO., LTD.; GENERAL AGENTS
Hong Kong and South China,
CHINA MAIL, HONG KONG, SATURDAY, MAY 14, 1927.
A STÁLWART.
LIVERPOOL AND LONDON
AND GLOBE.
FOUNDED IN 1782.
PHOENIX ASSURANCE
COMPANY.
GREAT PROGRESS.
CHINA UNDERWRITERS INSURANCE CO.
The report of the Phoenix
Incorporated in Hong Kong In this company we have one of the stalwarts of British insurance Assurance Co., Ltd,, for which three years ago, the China Insurance Co., offices. It transacts business in Messrs. Gibb, Livingstone & Co., Underwriters all parts of the world, and has Ltd., are general agents for Ltd, in spite of adversa con- earned a good name for British Hong Kong and South China,ditions in China, have built up 1926 is not yet to a sound business in this short Insurance wherever it has been for established. The company tran-hand from Home-the annual time their net premium income in acts all classes of insurances, meeting is usually held toward the various Departments amount- and naturally the motor insur- the end of April-but the following during 1926 to:- ance side of the business has not ing is extracted from the Chair. been neglected by so substantial man's speech at last year's meet-
an office. The company followsing:-
very closely the world-wide de-
Life
.$293,172
Fire
85,771
Accident Marine
5,947
The income in the fire depart-
145,164
It
that
is interesting to.. note
the organisation
al.
velopment of the motor vehicle, and so it should be noted that to-ment amounts to £3,143,408, and
covers the greater day it is transacting motor insur-the loss ratio of 51.4 per cent., already. ance in no fewer than thirty-five though slightly higher than that part of the East and Far East, countries. In this office the insur-of 1924, is by no means unsatis-Agencies having been established for the active transaction of busi- ance against contingencies which
factory,
neus in Ceylon, Burma, Straits, may arise in connection with the
Expenses and commission ac- F.M.S., Java and throughout ownership of motor vehicles are adequately covered under policies count for 48 per cent. of the pre- China and we understand that which have been drawn up to miums. The reduction of 1% per they are contemplating expansion truly protect the motorist, the cent. in our expense ratio is an to other parts of the East as
opportunity arises. premium rates charged being the encouraging factor. same as those of most other stable offices.
In the marine department wo As will be seen the Life Depart- record a net premium income of ment constitutes the largest side It should be observed that the £533,634; first year losses repre- of the business and life policies Liverpool and London and Globe, sent 34 per cent., an improvement were in force at the end of 1926 in common with other leading in-of some 2% per cent. upon the producing annual premiums of surance companies, granted similar disbursement in 1924, but over $330,000, a creditable result protection to owners of motor although better to that extent, when it is remembered that this ears during the late strike against the ratio of first-year losses is not side of their business was only riot and civil commotion risks as low as we should like to see it. commenced in August, 1924, that Our marine fund, at £681,888, is not 2 years before the date of whether the cars were engaged in emergency work or not, and thus represents 128.'per cent. of the their account. This satisfactory progress has been due to the it furthered the efforts of those year's income.
The three separate sections of policy of changing moderate ratio who were engaged in national ser
the accident department are dealt of premium giving generous and vice,
The premium income in the ac- with individually in the report, up-to-date conditions and an ex cident department amounted to and separate accounts are sub-pert knowledge of the special In- surance requirements of the re- £4,754,231 in 1926, as against mitted.
Looked at as a whole, the total sidents of the various countries in £4,226,211 in the previous year, and in these figures it will be incomes amount to £3,959,586. which they are operating. To Kong policy holders noted that this company receives From them the transfer to profit Hong a tremendous measure of public and loss is some £93,000, by no the advantages of a local Head an excessive profit in a office where an efficient staff is support and an obvious manifesta means
business of this volume.
available, to deal without delay tion of publle trust.
Interest, dividends and rents with all questions relating to their This is as things should be, for the company studies the insurance produced £554,786, and against policies is obvious. needs of its policy holders both in that we paid away dividends and the terms of its policies and in interest on debentures totalling Profits from the re- the just and equitable manner in £546,913. which it settles claims when they revenue accounts total £101,383. arise..
The general reserve has been It may be added that the Com-ladd to, to the extent of half a a reserve for divi- pany, for which Mesars. Dodwell million, and &Co., Ltd., are the local agents, dends payable in 1926 has been was founded in 1836 as the Liver-set up."
The head office is situated in! St. George's Building.
32% % DIVIDEND. ·
GENERAL ACCIDENT, LIFE, AND FIRE CO.
Messrs. James
Backhouse, the local agents
THE LIVERPOOL AND LONDON
AND GLOBE INSURANCE CO., LTD.
The Caledonian
Insurance Company
The Pearl Assurance
Co., Ltd.
DODWELL & CO., LTD.
By Appuletincas
AGENTS.
CENERAL ACCIDENT, FIRE & LIFE ASSURANCE CORPORATION, LTD.
By Appointment
FIRE, ACCIDENT & SICKNESS
HOUSEHOLDERS'
COMPREHENSIVE
POLICY
AND
the General Accident, MOTOR CAR INSURANCE
and Life Assurance Limited, * has
pool Fire and Insurance Com- The general reserve stands at pany. It is represented in 78 £2,500,000, and the Directors have Colonial or foreign countries, and created an additional reserve of policies and contracts are issued £1,000,000 and a contingency re- in 12 different languages, The serve of £617,272. These, in con. premium income exceeds £10,000, junction with the full departmen- Limited, COO and the assets exceed tal reserves, constitute a position of £23,500,000,
of financial stability of the high Fire, Caledonian Insurance Co. est standard, and enable the Corporation, Messrs. Dodwell & Co. are also Directors to feel that even in the been recently advised that the agents for the Caledonian Insur-most adverse conditions there can Directors have resolved to recom ance Company, "the oldest Scot-be complete faith in the strength mend the payment of the follow- tish insurance office," having of this old company and in its ing dividends, subject to Income- ability to meet the buffetings of tax: a final dividend of 21⁄2 per been founded in 1805.
The premium income exceeds fortune without materially affect-cent. (making five per cent for the Preference £2,000,000 and the assets exceeding the steady progress and value the year) on
shares, and a final dividend of £7,000,000. The Company is in-jof the property.
To-day the policy holders of the 17 per cent. on the Ordinary corporated by special Act of Parliament. The head office is Phoenix are still acting together shares (making 321⁄2 per cent. for
for their common good, and the the year). in Edinburgh.
In the General Manager's great Company which enables Pearl Assurance Co., Ltd.
them to do this provides the most "message" in the current quarter; The Pearl Assurance Co., Ltd., completo security and the utmostly review issued by the Corporn- for which Messrs. Dodwell & efficiency of service. Its import- tion it is stated that the life-de- Co., are also agents here, was ance and its financial strength are partment was outstandingly suc- founded in 1864, the head office indicated by the figures contained cessful last year. The new busi- being in London.
in its annual report. Its assets ness completed was £1,400,000 or The premium income exceeds exceed £81,000,000 and its annual £400,000 more than the combined £12,000,000 and the assets ex-premium income. is nearly business for the two companies eced £43,000,000.
£9,000,000. This total sum which for the previous year. Y
The "General" has the high it has paid in claims is ap proximately £200,000,000. These honour of holding the Boyal war- figures, together with the fact ranty by appointment.
The assets exceed £10,000 and that its surplus assets are very large in proportion to its premium the claims pald total the large income, place the Phoenix in the sum of £30,000,000 since the con- very front rank of the great In-corn was established in 1885. surance Companies of the world. The growth of the company has Leen achieved by the hearty and Eympathetic co-operation of every cne, from the youngest office ap:
PROUD POSITION:
MOTOR UNION INSURANCE* COMPANY.
The Motor Union Insurance Company, Ltd. was founded. In the company is in the position to prentice of the Chairman of 1906, under the auspices of the have engineers in all parts of the Directors. The General Manager Royal Automobile Club and country, who are able to deal with says: "It has been my privilege Motor Union, and with policies technical matters relating to the and happiness to share in that, offering the best of cover it soon car and to advise car owners on and my retrospect of these 40 made its presence known in the such matters. All classes of in-years is a very happy one," I still insurance world, and rapidly Insurences are transacted, and hope to be spared to see the creased in size until to-day when agents who wish to represent an sphere of the General extended it occupies the proud position of office which gives such wide faci to the mutual advantage of our being one of the largest motoriities for placing their risks in one policy holders and shareholders." insurance companies in the coun- concern can rest assured that in The policy of the "General" is try Under the company's private the Motor Union their clients as never to stand still, and a large motor policies, in addition to well as their own Interests will be increase in new business is looked covering the owner against every fully safeguarded. The company for in 1927. possible Hak, the policy gives the has been foremost in devising Our sporting readers will be in- right of appeal to a committee on motor traders' policies, which terested to learn that the Com- any difference arising between cover most of the risks to which pany, have recently effected insur- the policy holder and the company. the trader who has large fleets of ances of famous race horses for There is also a special fund which care under his care is subject. large sume-Solario, Manna, is at the disposal of the Automo- The funds of the company are Warden of the Marches, and many bila Association to provide for large, and give ample protection, others. It may be remembered any genuine case of loss which is and its ne premium income in that the owner of Solario refused not covered by the policy. Again, 19251 amounted to nearly no less than £100,000 or
horse with its wonderful organisation, 1:£2,000,000,
or
For Full, Particulars Apply to the Agents-
JAMES H. BACKHOUSE LTD.
.1A, CHATER ROAD (3RD FLOOR).
THE RISKS OF
THE ROAD
SEE THE NEWSPAPERS EVERY DAY!
Insure
Your Cars With The
Motor Union
Insurance Co.
Limited
The Most Experienced
"
Motor _*_****
Insurance
MOTOR
UNION
INSURANCE
C
Office
In The World
Head Ofce10, ST JAMES'S STREET, LONDON.
Local Agents:-
THE UNION TRADING CO., LTD.
Prince's Building
Phone C. 1687,