Carl Wilhelm Vermehren

Carl Wilhelm Vermehren 1785–1843

Carl Wilhelm Vermehren (born April 26, 1785 in Lübeck ; † March 18, 1843 there ) was a German businessman. In 1828 he founded the Deutsche Lebensversicherungs-Gesellschaft zu Lübeck , the first insurance company on shares in Germany.

Life

Carl Wilhelm Vermehren comes from the Lübeck branch of the Vermehren family . His father was the silk merchant Bernhard Vermehren (1750-1824), married to Anna Catharina, b. Ulff. The later private lecturer at the University of Jena, Johann Bernhard Vermehren, was his older brother.

On December 26th, 1811 he married Maria Sophie Sengebusch, daughter of the lawyer Philipp Wilhelm Sengebusch and his wife Marie, geb. Brockmann. The couple had five children: Wilhelm, Julius, Marie, Maximilian and Franziska.

Carl Wilhelm took his citizens' oath in Lübeck on July 27, 1814.

In 1826 he published a momentous work entitled About a German life insurance company to be set up in Lübeck , which probably goes back to a lecture in the society for the promotion of charitable activities . In it he complained about the pressure exerted by the then mainly English insurance companies on the German market for life insurance and called for a “national institute of this kind for Germany”. The reaction was positive. The Lübeck address book reported in early 1828: A life insurance company in Lübeck, whose authorized representative Mr. What will be increased is in the making. On December 1, 1828, one month before Gothaer Lebensversicherungsbank , the Deutsche Lebensversicherungsgesellschaft began its business activities under Vermehren's management with a share capital of 1.275 million Marks Courant . It was the first German life insurance company in the legal form of a stock corporation . The insurance company was a mixed stock corporation, insofar as both the shareholders and the policyholders participated in the profits. In contrast to Gothaer Bank, which limited itself to taking out actual life insurance, Lübeck soon also took on dowry and pension insurance . The first business premises were in Johannisstrasse 16.

His son Julius Vermehren (1814-1848) took over the general agency and also became director. After the early death of Julius (he died of cholera in Sweden) Julius' older brother Wilhelm Vermehren (1812-1859) took over the post of director of the life insurance company for a short time.

After foreign currency losses as a result of the First World War , it took on the Mecklenburgische Lebensversicherungsbank AG and traded as Lübeck-Schweriner-Lebensversicherungs-AG . In 1923, the year of inflation, she joined Allgemeine Deutsche Lebensversicherung AG in Stuttgart, which with the merger took on the name Stuttgart-Lübeck-Lebensversicherung-AG and in 1927 was merged with Allianz Lebensversicherungsbank to form Allianz and Stuttgarter Lebensversicherungsbank , and since 1940 Allianz-Lebensversicherungs-AG .

Web links

Wikisource: Deutsche Lebensversicherungs-Gesellschaft zu Lübeck - Sources and full texts

Individual evidence

^ Peter Koch: History of the insurance industry in Germany . VVW GmbH, 2012, ISBN 978-3-86298-185-4 ( google.com [accessed on September 6, 2018]).
↑ Lübeckisches Address-Buch 1828 ( digitized version ), p. 25
^ Statute of the German Life Insurance Company in Lübeck: Established in 1828. Rev. of 1854 , Borchers, Lübeck 1855, p. 7
^ Lindemann: About the growth of the German life insurance. In: Proceedings of the Fourth International Congress of Actuaries 1903 , New York 1904, p. 617
↑ See the invitation to the General Assembly 1841 in the Allgemeine Anzeiger and Nationalzeitung der Deutschen 1841, Sp. 1716
^ Peter Koch: Contributions to the history of the German insurance industry: For the 80th birthday of Prof. Dr. Peter Koch - Excerpts from the insurance industry 2005 to today . VVW GmbH, 2015, ISBN 978-3-89952-726-1 ( google.com [accessed on September 6, 2018]).
↑ Wolfram Engels, Hans Pohl: German Yearbook on Business History 1984 . Springer Science & Business Media, 2012, ISBN 978-3-642-70526-7 ( google.com [accessed September 6, 2018]).

personal data
SURNAME	Increase, Carl Wilhelm
BRIEF DESCRIPTION	German businessman
DATE OF BIRTH	April 26, 1785
PLACE OF BIRTH	Lübeck
DATE OF DEATH	March 18, 1843
Place of death	Lübeck

[1] Peter Koch: History of the insurance industry in Germany . VVW GmbH, 2012, ISBN 978-3-86298-185-4 ( google.com [accessed on September 6, 2018]).

[2] Lübeckisches Address-Buch 1828 ( digitized version ), p. 25

[3] Statute of the German Life Insurance Company in Lübeck: Established in 1828. Rev. of 1854 , Borchers, Lübeck 1855, p. 7

[4] Lindemann: About the growth of the German life insurance. In: Proceedings of the Fourth International Congress of Actuaries 1903 , New York 1904, p. 617

[5] See the invitation to the General Assembly 1841 in the Allgemeine Anzeiger and Nationalzeitung der Deutschen 1841, Sp. 1716

[6] Peter Koch: Contributions to the history of the German insurance industry: For the 80th birthday of Prof. Dr. Peter Koch - Excerpts from the insurance industry 2005 to today . VVW GmbH, 2015, ISBN 978-3-89952-726-1 ( google.com [accessed on September 6, 2018]).

[7] Wolfram Engels, Hans Pohl: German Yearbook on Business History 1984 . Springer Science & Business Media, 2012, ISBN 978-3-642-70526-7 ( google.com [accessed September 6, 2018]).