How Did Insurance Companies Start. All the insurance sectors are having various parts within themselves. The first known insurance business was started after the great london fire in 1666.
Based in chicago, rbh also placed insurance for many of the meat packing houses in that city. 2005 citigroup sold off its travelers life insurance unit, following the spin off of its property/casualty business in 2002. Halifax insurance company, commerce group and western union were later merged to form ing insurance.