Worshipful Company of Insurers
Encyclopedia
The Worshipful Company of Insurers is one of the 108 Livery Companies
of the City of London
.
The Company was formed and became a Livery Company in 1979, on the same day as the Actuaries' Company
. The Company is not just a society for those related to insurance
and reinsurance
but it also supports general charities and the education of students studying in the insurance field, and assists the relief of members, retired members or members suffering hardship, and the wives, widows, children, orphans and others depending upon them.
The Insurers' Company ranks 92nd in the Companies' order of precedence
. Its motto is Omnium Defensor, Latin for Protector of All.
The Company is based at The Insurance Hall on Aldermanbury, near London Wall
, a building owned and managed by the Chartered Insurance Institute
and shared with the Worshipful Company of Firefighters
.
Livery Company
The Livery Companies are 108 trade associations in the City of London, almost all of which are known as the "Worshipful Company of" the relevant trade, craft or profession. The medieval Companies originally developed as guilds and were responsible for the regulation of their trades, controlling,...
of the City of London
City of London
The City of London is a small area within Greater London, England. It is the historic core of London around which the modern conurbation grew and has held city status since time immemorial. The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of...
.
The Company was formed and became a Livery Company in 1979, on the same day as the Actuaries' Company
Worshipful Company of Actuaries
The Worshipful Company of Actuaries is one of the Livery Companies of the City of London. The Company was founded and became a Livery Company in 1979, on the same day as the Insurers' Company...
. The Company is not just a society for those related to insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
and reinsurance
Reinsurance
Reinsurance is insurance that is purchased by an insurance company from another insurance company as a means of risk management...
but it also supports general charities and the education of students studying in the insurance field, and assists the relief of members, retired members or members suffering hardship, and the wives, widows, children, orphans and others depending upon them.
The Insurers' Company ranks 92nd in the Companies' order of precedence
Order of precedence
An order of precedence is a sequential hierarchy of nominal importance of items. Most often it is used in the context of people by many organizations and governments...
. Its motto is Omnium Defensor, Latin for Protector of All.
The Company is based at The Insurance Hall on Aldermanbury, near London Wall
London Wall
London Wall was the defensive wall first built by the Romans around Londinium, their strategically important port town on the River Thames in what is now the United Kingdom, and subsequently maintained until the 18th century. It is now the name of a road in the City of London running along part of...
, a building owned and managed by the Chartered Insurance Institute
Chartered Insurance Institute
The Chartered Insurance Institute is a United Kingdom based professional organisation for those working in the insurance and financial services industries....
and shared with the Worshipful Company of Firefighters
Worshipful Company of Firefighters
The Worshipful Company of Firefighters is one of the 108 Livery Companies of the City of London. The Company aims to promote the development and advancement of the science, art and the practice of firefighting, fire prevention and life safety...
.