Nowadays Wawanesa, Wawanesa has 1800 employees in Canada and the United States and 1300 brokers d & 39; insurance work in the Canadian market Insurance & 39;. In 2005 the company received $ 1.5 billion and expanded its portfolio of three billion US dollars. It is & 39; one of the most reliable insurer in the Canada.
In Wawanesa beginning
The story begins in 1895, when Alonzo Fowler Kempton and Charles Kerr has decided, a company d & 39; insurance, That would be more efficient businesses will be in & 39; time, and therefore could charge premiums reduced. L & 39; idea was viable. Twenty farmers loved l & 39; initiative and $ 20 for each enterprise fund & 39;. Thus, the company was the first few years born.
For Wawanesa Mutual Insurance Company has resulted in significant losses, the fact that one & 39; has to diversify their supply in a wider range of hardware and farm buildings, schools and churches. In addition, the company has expanded its operations in new countries - provinces of Saskatchewan and Alberta & 39;. D & 39; by the end of the century, the protection Wawanesa 1 million US dollars for goods. A few years later, that figure rose to 20 million US dollars and in 1910, the company has an application for & quot; the largest Mutual Fire Insurance Company " in Canada.
During the First World War, the growth remained, and Wawanesa is the name of a company & 39; reliable. 1922, l & 39; companies suffered a change of direction. The new CEO, Charles Morley was Vanstone l & 39; people, under the leadership Wawanesa Insurance through the difficult moments of the Great Depression.
Further growth
In 1926 Wawanesa offered its customers a hedge on private buildings in the cities. In the year 1928, & 39; its diversified businesses and has more coverage than the first police & 39; automobile insurance. A year later, she received a charter Wawanesa Dominion of Canada, which means that the company coverage over Canada. The years of global economic crisis was a little & 39; impact on Wawanesa. Indeed, the company strengthened and expanded in the period. They opened new offices in Montreal, Winnipeg, in Moncton, and in the five years. While d & 39; other companies, Wawanesa successfully developed, and before the Second World War had the reputation Wawanesa d & 39, a & quot; simple organization, to & 39; before harassment and all forms of " Games.
During the years 1940 and 1950, Wawanesa Insurance & 39; n is known as an innovative company. For example, the company offered the premiums too low young of British Columbia have been completed or an association of Canadian motorists during the leadership approved, or the high school led program.
In beginning of the years 1960, the company has its subsidiary - Wawanesa Life Insurance Company. For the next two years, the company has regularly, but at the end of the years 1960 1969, elections d & 39; A government of the Democratic Party neo-Manitoba, all drivers were forced d & 39; buy d writings & 39; car insurance of the government, the " Soci t d & 39; publicly Manitoba. & Quot; This has had a very strong effect on Wawanesa, as far as l & 39; company was the largest automobile insurer in the region. Income of the company in Manitoba fell to a third of what & 39; it was a year earlier. This factor and other & 39; Wawanesa forced to diversify their activities. D & 39; The Board has decided to & 39; opening of a subsidiary in the United States, in California, and as the most promising for the new business.
A year later, Wawanesa opened a new office in San Diego, California. C & 39; was the right decision, the market was so great that in Canada. During the first month spent 102 Wawanesa political and San Diego showed that & 39; she was the best choice. Over the next 20 years, the population has increased by five times and Wawanesa was called to deal with the & 39; increase region.
In 1996 Wawanesa has its hundredth birthday. It is certain that the stability and service, the values that have always l & 39; backbone Wawanesa continue to manage l & 39; companies in the second century.
Tim Baker is the Founder of the website, About the Company d & 39; Wawanesa Insurance. oliva ghandi
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