Melbourne Fire And Marine Insurance Co.

Description

Agent TypeOrganisationActivities & OccupationsInsurance companiesHistoryFounded by a deed of settlement, 29 June 1839, which stated the intention of "effecting insurance loss and damage by fire and assurances of vessels in harbour and at sea, and of the cargoes and property in and aboard the same, and other risks which might have been productive of great advantage, as well as to the Mercantile and Shipping Interests of the Colony of New South Wales as to the inhabitants thereof generally". Its capital was to be 50,000 pounds in 1000 shares of 5 pounds. Apparently the first insurance company in Victoria - then the Port Phillip District of New South Wales, its original shareholders included John Gardiner, William Highett, W.F. Rucker, John Pascoe Fawkner, George Arden and Thomas Strode. Rucker, Gardiner, George Ward Cole, James A. Smith and James Graham were among those to have having a place on the Board of Directors. Steps were taken to dissolve the company on 18 January 1844, though accounts were not wound up until 1854. The company had lost heavily from two extensive fires in Collins Street, Melbourne in 1842, in a period of severe economic depression.

Start typing here to find a location	Latitude	Longitude	Zoom	Actions

loading google map....

Save Cancel

University of Melbourne Archives

Archives

Menu

Melbourne Fire And Marine Insurance Co.