Combined Insurance

Combined Insurance


Combined Insurance

Combined Insurance
Industry Insurance
Founded 1922
Headquarters Glenview,IL
Area served Worldwide
Products Supplemental Health, Life
Disability and Accident
Insurance Policies
Revenue US$926,965 (2010)
Total assets US$2,925,416 (2010)
Employees 7,000 Worldwide

Combined Insurance is a global provider of supplemental insurance, including accident insurance, life insurance and critical care coverage. Combined Insurance operates in North America, Latin America, Europe and the Pacific. The company is headquartered in Glenview, Illinois.


In 1922, W. Clement Stone, with a borrowed $100, started Combined Registry Company[1] in Chicago.

During the difficulty of the Great Depression, Stone, in 1929 cut his field force to just 135 agents – from more than 1,000 agents – to increase efficiency. In 1939, after weathering the depression, Stone created the Combined Mutual Casualty Company, which was established when Combined Registry Company purchased the American Casualty Company in Texas. In 1947 the company changed its name to Combined Insurance Company of America.

The years between 1959 and 1963 marked a time of growth and expansion. The company expanded into Australia, then Puerto Rico and the Bahamas, then into Europe with the addition of England[2] and Northern Ireland. In 1962 Stone authored the self-help book, “The Success System That Never Fails.”

In 1971, the Combined Life Insurance Company of New York was established.

In 1980, shareholders of Combined Insurance Company of America approved the formation of a holding company, Combined International Corporation, which traded publicly on the New York Stock Exchange under the call letters PMA. Two years later the company merged with Ryan Insurance Group with Stone becoming the Chairman of the new company and Patrick Ryan becoming the President and CEO. The new company was renamed Aon – a Gaelic word signifying oneness and unity – in 1987[3].

Stone stepped down from day-to-day operations in the early 1990s and took the title Chairman Emeritus.

In 2008, Aon sold Combined Insurance to ACE Limited for $2.56 billion[4].


Combined Insurance offers several types of insurance policies – which vary by market and customer need – including accident, accident and sickness, critical care, Cancer, life and Medicare supplement coverage.

Combined Insurance also includes Combined Insurance Worksite Solutions – which offers supplemental insurance to complement existing employer benefits programs and Combined Insurance Select Programs, which provides niche insurance products including student accident and health insurance, employer group vision insurance and other group accident and health products.


  1. ^ Wilson, Mark R.[1]Dictionary of Leading Chicago Businesses 1820-2000
  2. ^ [2]History of Combined Insurance
  3. ^ Martin, Douglas[3]Clement Stone Dies at 100; Built Empire on Optimism , New York Times, 5 September 2002
  4. ^ [4]ACE Completes Acquisition of Combined Insurance Company of America

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Combined Agents of America — Combined Agents of America, LLC (CAA) is based in Austin,TX, and consists of 45 independent insurance agencies located throughout Texas, Oklahoma and Kansas.[1] Combined Agents of America (CAA) # of Members: 45 Creation: 1997 Official Website …   Wikipedia

  • combined ratio — ➔ ratio * * * combined ratio UK US noun [C] INSURANCE ► a measure of the success of an insurance company, shown as the relationship between the amount of money it pays out and the amount it receives in payments: »The company s combined ratio… …   Financial and business terms

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

  • Insurance Australia Group — Infobox Company name = Insurance Australia Group Limited type = Public (ASX: [ allinfo=on asxCode=IAG companyName= principalActivity= industryGroup=NO IAG] )… …   Wikipedia

  • Combined Ratio — A measure of profitability used by an insurance company to indicate how well it is performing in its daily operations. A ratio below 100% indicates that the company is making underwriting profit while a ratio above 100% means that it is paying… …   Investment dictionary

  • Combined braking system — A combined braking system (CBS), also called linked braking system (LBS), is a system for linking front and rear brakes on a motorcycle or scooter.[1] In this system, the rider s action of depressing one of the brake levers applies both front and …   Wikipedia

  • List of United States insurance companies — This is a list of insurance companies in the United States. These are companies with strong national or regional presence.US Insurance Companies*American National Insurance Company *American Automobile Association *AIG *Allstate *American Family… …   Wikipedia

  • Self insurance — is a risk management method in which a calculated amount of money is set aside to compensate for the potential future loss. More colloquially, the term self insured is used as a euphemism for uninsured. [] If self… …   Wikipedia

  • New Jersey Manufacturers Insurance Company — Founded 1913 (1913) Headquarters West Trenton, New Jersey, United States Key people Bernard M. Flynn, Preside …   Wikipedia