HISTORY OF COMBINED INSURANCE
With $100, a positive spirit and a vision to make the world a better place, W. Clement Stone founded Combined Insurance in 1922. Mr. Stone's story is the stuff of legend. Our rich insurance history and his legacy drives our organization to this day.
Starting in 1959, with an expansion into Australia, Combined Insurance embarked on an ambitious plan for growth. Nearly 50 years later, we've expanded to serve the global market, offering our products in 10 countries in addition to the United States.
In April 2008 Combined Insurance was purchased by ACE Limited (NYSE: ACE), parent company of the ACE Group of Companies®, a global leader in insurance and reinsurance. Both ACE and Combined Insurance have a mutual commitment to outstanding customer service and timely claims payment. Our financial strength affords us a sound base to better serve our policyholders and pursue exciting growth opportunities in the future.
In October 2010, Combined Insurance in New Zealand became a division of the New Zealand based ACE Insurance Limited. This change was resoundingly endorsed by Combined Insurance policy holders, those who voted were 96 per cent in favour.
Key Milestones in Combined Insurance History
W. Clement Stone borrows $100 and moves to Chicago, rents desk space for $25 a month and establishes an insurance agency under the name Combined Registry Company.
Combined Mutual Casualty Company is organized and the company continues to expand with the purchase of the American Casualty Company in Texas.
Combined Insurance expands into the Pacific and commences operation in Australia
W. Clement Stone captures in writing the principles of his Positive Mental Attitude (PMA) philosophy and selling system with the release of his book, The Success System That Never Fails.
Combined Insurance expands across the Atlantic to Europe with the addition of Britain and Northern Ireland.
Combined Insurance commences operation in New Zealand
Combined Life Insurance Company of New York is formed.
The holding company Combined International Corporation is formed.
Ryan Insurance Group merges with Combined International Corporation to form what later became Aon Corporation. Mr. Stone takes on the duties as its first Chairman. Patrick Ryan becomes the President and Chief Executive Officer.
Combined Insurance reaches its 75-year milestone.
Combined Insurance is sold and becomes a member of the ACE Group of Companies®.
Combined Insurance in New Zealand becomes a division of ACE Insurance Limited, a locally incorporated and regulated company.
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Nancy’s self-employed husband was seriously injured twice in two years, putting him out of work for extended periods of time and putting the family in a difficult financial situation while he was unable to work.