General Casualty Insurance
General Casualty Insurance was a super-regional property and casualty insurance provider headquartered in Sun Prairie, Wisconsin as of 2006. It operated as a subsidiary of Winterthur U.S. Holdings.[1]
| Industry | Insurance |
|---|---|
| Fate | Acquired by QBE Insurance |
| Founded | 1925 |
| Headquarters | Sun Prairie, Wisconsin |
Key people | Peter Christen, president and chief executive officer |
| Products | Property and casualty insurance |
| Revenue | 1512.70 M (2004) |
Number of employees | 2,219 (2004) |
| Website | http://www.generalcasualty.com/ |
Winterthur U.S. Holdings, which operated as Winterthur North America, and was also based in Sun Prairie, Wisconsin operated General Casualty Insurance, as well as Bellevue, Washington-based Unigard Insurance.[1]
History
From 1956 to 1990, General Casualty was owned by Reliance Insurance.[2] In 1990, General Casualty was sold to Winterthur, a Swiss Insurance Group.[2]In 1997, Winterthur was sold to Credit Suisse Group.[2]
In 2006, AXA Group acquired Winterthur from Credit Suisse.[3][4]
In January 2007, QBE Insurance Group, Sydney, Australia, agreed to buy Winterthur U.S. Holdings, General Casualty's parent company, for $1.16 billion.[5]
In 2011, QBE announced that the General Casualty name would be replaced with the QBE name and logo.[6]
References
- Beversdorf, Melvin (2006-03-09). "Three Promotions Announced by Winterthur U.S. Holdings Inc". Insurance Journal. Retrieved 2020-09-22.
- Mertes, Chris. "McPartland: Purchase will create more jobs". Hometown News LP. Retrieved 2020-09-22.
- "AXA Completes Winterthur Acquisition". Insurance Journal. 2006-12-25. Retrieved 2020-09-22.
- Arnold, Martin (14 June 2006). "Axa buys Winterthur for ?7.9bn". Financial Times. Retrieved 2020-09-22.
- Newman, Judy (2007-01-05). "General Casualty to be sold". The Wisconsin State Journal, Madison.com. Retrieved 2007-01-05.
- Kirchen, Rich (18 August 2011). "QBE dropping General Casualty name". Milwaukee Business Journal.