Canadian Underwriter, May 1st, 2003
"Hand in Hand" - this is the name of the first ever mutual, formed in 1696 in London, England to offer fire insurance, but it also represents a philosophy that guides mutual insurers today. As mutual insurers move into their third centenary of existence, they have come a long way from their origins - formed by rural residents as a means to spread the risk of fire destroying houses, barns and other buildings.
In Canada, the first license for mutual companies to begin operation came in Ontario (then Upper Canada) in 1836 - Gore Mutual was among the first wave of mutual insurers and remains the ...
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