Union Insurance Society of Canton

The Union Insurance Society of Canton (commonly known as the Union) was a major Hong Kong-based insurance company regarded in the early 20th century as one of the four leading British businesses, or "hongs", of colonial Hong Kong alongside Hong Kong Shanghai Bank, Jardine Matheson and Swire.[1]

By 1953 Union was the leading Hong Kong Insurance company, with assets of £14.4m, over five times that of the nearest local rival, Canton Insurance.[2] In 1967 the Union was acquired by the Guardian Assurance Company which was itself acquired by Axa in 1999.[3]

Notable employees and directors of the Union included William Keswick, William Shenton, Arthur William Hughes, A. O. Lang, Stanley Hudson Dodwell, Percy Hobson Holyoak and John Owen Hughes.[4]

  1. ^ Smith 1920, p. 185.
  2. ^ Schenk, Catherine R (2001). Hong Kong as an International Financial Centre: Emergence and Development, 1945–1965. Routledge. ISBN 978-1-134-62604-5.
  3. ^ Feng & Nyaw 2010, p. 87.
  4. ^ A Brief historical record of the Union Insurance Society of Canton, Ltd. Union Insurance Society of Canton. 1952. hdl:10381/182054. OCLC 222102052.

Developed by StudentB