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Assurant 

“Market Cap $4.71 B As of May 2014

At a Glance
  • Industry: Diversified Insurance
  • Founded: 1969
  • Country: United States
  • CEO: Robert Pollock
  • Website: www.assurant.com
  • Employees: 16,600
  • Sales: $9.03 B
  • Headquarters: New York, New York
Forbes Lists

#1042 Global 2000

  • #1045 in Sales
  • #1168 in Profit
  • #747 in Assets
Profile

Assurant, Inc. provides specialized insurance products and related services in North America and selected worldwide markets. The company operates through five segments: Assurant Solutions, Assurant Specialty Property, Assurant Health, Assurant Employee Benefits and Corporate & Other. Assurant Solutions segment provides debt protection administration, credit-related insurance, warranties and service contracts, and pre-funded funeral insurance. Assurant Specialty Property segment provides lender-placed homeowners insurance and manufactured housing homeowners insurance. Assurant Health segment provides individual health and small employer group health insurance. Assurant Employee Benefits segment provides group dental insurance, group disability insurance, group life insurance, group vision insurance and supplemental worksite insurance. Corporate & Other segment includes activities of the holding company, financing and interest expenses, net realized gains (losses) on investments, interest income earned from short-term investments held and also includes the amortization of deferred gains associated with the sales of Fortis Financial Group and Long-Term Care through reinsurance agreements. Assurant was founded on February 4, 2004 and is headquartered in New York City, NY.

Assurant History

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. 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). 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. AMEV Holdings, Inc. was rebranded Fortis, Inc. in 1991. The business was subsequently renamed as Assurant and spun off from the parent company.”

*Information from Forbes.com and Wikipedia.org

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