Accident Insurance Company (No. 1)
The first Accident Insurance Company was established in 1866 to take over the business of the Accidental Death Insurance Company (No. 2).
During its brief history, Accident Insurance pioneered a system of insurance for accidents known as the 'specific compensation class'. Unlike ordinary accident insurance, this system meant the compensation for any particular injury was fixed at the time the policy was taken out. The company's business was confined to railway accident, general accident, personal injuries and death by accident.
In 1870, the company merged with the General Accident and Guarantee Company and business was transferred to the Accident Insurance Company (No. 2). The company ceased transacting business and Accident Insurance (No. 2) was subsequently acquired by the Commercial Union Assurance Company Ltd in 1906.
|1866||The company is established|
|1870||Merges with the General Accident and Guarantee Company|
|1870||Business is transferred to the Accident Insurance Company (No. 2)|
|1906||Accident Insurance (No. 2) is acquired by the Commercial Union Assurance Company|
Subsidiaries and constituents*
|1854 - 1866||Accidental Death Insurance Company (No. 2)|
|1865 - 1867||Birmingham Alliance Life Insurance Company (accident business only)|
|1866 - 1869||County Marine Company Ltd|
* Please note the first date given is the date of the establishment of the company and the second date is the date the company was acquired or became a subsidiary. Where only one date is given the company was established as a subsidiary of the parent company. Where one date is preceded by a hyphen the date of the establishment of the company is not known.
Head office premises
|1866 â€“ 1870||7 Bank Buildings, Lothbury, London|
Staff and officials
|1866 â€“ 1870||W H Scattergood|
Overseas branches and agencies
- Paris, France (1869)
- Hamburg, Germany (1869)
In the archives
The Aviva archive contains specimen policies relating to the Accident Insurance Company (No. 1) from 1866 to 1868.