A BRIEF HISTORY |
1370 |
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Earliest record of a marine reinsurance was that of an insurance of a voyage from Cadiz in Spain to Sluys in Netherlands |
1700 |
1746 |
Marine reinsurance made illegal in Britain |
1798 |
Earliest recorded reference to Fire reinsurance |
1800 |
1813 |
Earliest record of a Fire reinsurance transaction by Eagle Fire |
1821 |
Earliest record of a reinsurance Treaty |
1840s |
Earliest indications of Life reassurance |
1843 |
Earliest formation of subsidiary reinsurer for its parent company |
1852 |
Earliest formation of independent reinsurer, Cologne Re |
1863 |
Swiss Re |
1864 |
Reinsurance becomes lawful again in UK |
1867 |
First UK reinsurer, The Reinsurance Co Ltd |
1880 |
Munich Re |
1900 |
1907 |
Mercantile & General |
1908 |
British & European |
1912 |
First American reinsurer, The First Reinsurance company of Hartford |
1920s |
Formation of State reinsurers eg. Caja, Banco |
1970s |
Formation of regional reinsurers eg. Asian Re, African Re |
1973 |
Singapore Re |
1988 |
Asean Re |
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