Albingia Insurance Company
The Albingia Versicherungs-AG ( "situated on the Elbe") including the Latin name was formerly listed insurance company based in Hamburg .
history
The Albingia insurance company owes its existence to a crisis in the Mutzenbecher group, which took over with its reinsurance and needed a new insurance for direct business. It was founded in 1901 by Hermann Franz Matthias Mutzenbecher as a transport and accident insurance company in Hamburg. The Albingia was founded by brokers with international business connections and worked worldwide from the start. Just two years after it was founded, it ran shops in Paris , Bordeaux , Antwerp , Rotterdam , Prague , Copenhagen , Oslo , Bergen , St. Petersburg , Shanghai and Concepción in Chile . She profited from the 1906 earthquake in San Francisco and was able to take out other loss-making insurance. In 1913 it merged with Düsseldorfer Feuer-Versicherung AG to form Albingia, Hamburg-Düsseldorfer Versicherungs-AG; 1914 to the merger with the Glas Versicherungs-AG Halensia founded in 1908 in Halle (Saale) . From Dr. Willibald Gerlach (member of the board from 1934 to 1955) motor insurance was introduced in Germany. After change of name to Albingia Versicherungs-AG in 1923 and after economic difficulties in the Great Depression , came through personal connections from Harald Mandt one share majority in 1929 to the British Guardian Assurances Group. The Albingia had its head office in Hamburg in the Europahaus on the Alster (today Europa Passage ). A new head office in the Berliner Bogen was planned .
Reconstruction after 1945
In the post-war years, Albingia broke new ground in sales. In addition to brokers and multiple agents, she had previously worked extensively with part-time agents. Now a separate organization of full-time insurance agents has been set up. The business policy concentrated on the domestic market, even if reinsurance continued to be operated to a lesser extent worldwide. In France in particular , Albingia was doing well in the technical insurance business. In 1952, with the takeover of "Terra" life insurance, a life insurance company was founded. In the sixties and the beginning of the seventies of the last century, health and legal protection insurance were also sold through numerous collaborations .
Albingia cultivated a leadership style that encouraged independent work and shared responsibility. It was believed that only through the transfer of responsibility can a sense of responsibility and decisiveness be generated. This also includes good training and further education. The insurance gave its employees a share of the profits, which according to the articles of association were divided between work and capital according to established rules.
Inclusion and settlement
In 1999 Guardian Royal Exchange was acquired by the Axa insurance group, and in May 1999 Axa acquired a majority stake of 83.7% in the Albingia Group. As part of the integration into the Axa Group, Albingia Krankenversicherung, founded in 1990, was sold to the HanseMerkur insurance group in October 1999 and renamed HanseMerkur Spezial Krankenversicherung in the following year. In 2000, Albingia was merged with the German Axa subsidiary, Axa Konzern AG (formerly Axa-Colonia ); this also resulted in the delisting of the Albingia shares.
chairman of the board
- HFM Mutzenbecher 1907-1930
- Harald Mandt 1930-1956
- Herbert von Moller 1956-1967
- Jobst from the Meden
- Volker Bremkamp 1989-2000
The Albingia brand has since disappeared from the German insurance market. The still existing French subsidiary was sold to a private equity investor in 2003 and continues to operate in France under the name Albingia .
literature
- Gerhard Schanz: Albingia 1901–1976, 75 years of Albingia, Ed .: Albinga, Hamburg 1976.
- Contributions to the history of the German insurance industry , Volume 2, edited by Peter Koch , Verlag Versicherungswirtschaft, March 8, 2005 - 141 pages
- Pictures and giveaways from Albingia
Web links
- Early documents and newspaper articles on the Albingia insurance company in the 20th century press kit of the ZBW - Leibniz Information Center for Economics .
Individual evidence
- ^ Gerhard Schanz: Albingia 1901–1976, 75 Years of Albingia, Ed .: Albinga, Hamburg 1976, pp. 13–14.
- ↑ Gerhard Schanz: Albingia 1901–1976, 75 Years of Albingia, Ed .: Albingia, Hamburg 1976, pp. 41–43.
- ↑ AXA Colonia integration concept for Albingia is in place. wallstreet-online.de, September 7, 1999, accessed June 1, 2014 .