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Beginning with its first annuities business written in 1928, the company grew to offer products for mortgage insurance, lifestyle protection, and long-term care insurance. [5] In 1986, Life of Virginia was acquired by Combined Insurance for $557 million. [5] It became Aon in 1987. [5] In 1996, Life of Virginia was acquired by GE Capital. [5] [6 ...
The company's name was later changed to the Southern Aid Society of Virginia which was the forerunner of the Southern Aid Life Insurance Company that sold Life insurance. The Company's first President was Z. D. Lewis (1859–1926). [2] The company wrote insurance for industrial life, accident and sick benefits insurance.
1871 – Life Insurance Company of Virginia forms in Petersburg and eventually moves to Richmond. 1873 Lewis Ginter returns from New York after Panic of 1873 and forms the Allen & Ginter tobacco company with John Allen. Richmond achieves railroad connection to the Ohio River.
In 1980, the company founded Essex Insurance Company in Delaware. Essex began as a property insurance company in White Bear Lake, Minnesota, but later moved to Richmond, Virginia. [3] In 1985, Prem Watsa took control of Markel Financial Holdings, a Canadian-based trucking insurance company. Near bankruptcy, Watsa determined it needed a capital ...
First Colony Life (FCL) was an American life insurance company based in Lynchburg, Virginia that was acquired in 1996 by GE Financial Assurance (a subsidiary of General Electric), and later became Genworth Life and Annuity Insurance Company, a Genworth Financial company in 2007.
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