British America Assurance Company

Last updated
British America Assurance Company
FormerlyBritish America Fire and Life Assurance Company (1833–1852)
Industry Fire insurance
Founded13 February 1833 (1833-02-13)
Defunct30 June 1978 (1978-06-30)
FateAcquired by Royal Insurance and renamed the Royal Insurance Company of Canada
Headquarters88 Scott Street,
Toronto, Ontario
The company's 1876 head office, designed by William Irving. British America Assurance Building, Toronto.png
The company's 1876 head office, designed by William Irving.

The British America Assurance Company was a fire insurance company established in York, Upper Canada in 1833. An impressive headquarters building for it was designed by William Irving in 1877. The company expanded into the U.S. [1] It also operated in Sydney and Adelaide. [2] The company took hits during major conflagrations, such as the San Francisco fire of 1906.

History

In 1892, British America formed an alliance with the Western Assurance Company, whereby the two companies would retain the distinct identities but would come under the control of a single board of directors. Thereafter, the alliance was known as the Western Assurance–British America Assurance Group. [3]

The Canadian subsidiary of the Royal Insurance Company (now RSA Insurance Group) acquired the British America Assurance Company and the Western Assurance Company in 1961. [4] At a special meeting of shareholders on 27 February 1976, the company voted to change its name to the Royal Insurance Company of Canada. In 1978, the Royal Insurance Company of Canada and Western Assurance merged into a new corporation under the Royal name. However, Western remained a brand of Royal. In 2021, Royal Sun Alliance was acquired by Intact Financial.

The 1952 Western-British America Building at 88 Scott Street. It was designed by Parrott Tambling & Witmer. Western Assurance-British American Assurance Building.jpg
The 1952 Western–British America Building at 88 Scott Street. It was designed by Parrott Tambling & Witmer.

William Botsford Jarvis was one of the company's founders. [5] [ user-generated source? ]

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References

  1. ↑ Historical Sketch of the British America Company by J. Castell Hopkins June 1912 reprint of 1911 Canadian Annual Review of Public Affairs
  2. ↑ "British America Assurance Company (Toronto, Ont. ) : Virtual Reference Library". Toronto Public Library. Retrieved 2018-06-04.
  3. ↑ J. Castell Hopkins, "Historical Sketch of the British America Assurance Company," in The Canadian Annual Review of Public Affairs 1911, (The Annual Review Publishing Company Limited, 1912), 101.
  4. ↑ "Royal Insurance Company of Canada |". heritagetoronto.org. Archived from the original on 2017-12-26. Retrieved 2018-06-04.
  5. ↑ "William Botsford Jarvis - Ionic Lodge No. 25". sites.google.com. Archived from the original on 2020-10-31. Retrieved 2018-06-04.
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