Last modified: 2021-03-20 by klaus-michael schneider
Keywords: albingia |
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Albingia Versicherungs AG (the name is Latin, meaning located at the Elbe) was an insurance company. Its seat had been Hamburg.
The company was established in 1901 by Hermann Franz Matthias Mutzenbecher as a transport and and accident insurance. The company operated worldwide from the very beginning and had branches in Paris, Bordeaux, Antwerp, Rotterdam, Prague, Copenhagen, Oslo, Bergen, St. Petersburg, Shanghai and Concepción in Chile. After the earthquake in san Francisco 1906 the company could incorporate competitors being in financial difficulties. In 1913 the company merged with Düsseldorfer Feuer-Versicherung AG ( a fire insurance company), in 1914 with Glas Versicherungs-AG Halensia ( a glass insurance company). The name then had been then Albingia, Hamburg-Düsseldorfer Versicherungs-AG, renamed in 1923 to Albingia Versicherungs-AG. Dr. Willibald Gerlach, member of the board from 1934 until 1955, introduced the compulsory third party insurance, an insurance for the owners of motor vehicles, in Germany. In 1924 Terra, a life insurance company started its business in Saarbrücken and moved to Hamburg in 1953 as Albingia Lebensversicherung. In 1932 the British Guardian-Assurance Company Ltd. gained the majority of shares. The company expanded and opened other sections like legal protection insurance and health insurance (1990). In 1999 Guardian Royal Exchange (GRE), the successor of British Guardian, was bought by AXA, which gained 83,7% of the shares of Albingia. In 2000 the name "Albingia" disappeared, when the company was merged with AXA-Concern AG, the former AXA Colonia. Since 2003 there is a Albingia insurance company in France, using the same logo.
Albingia had pennants in Hanseatic colours, the red pennant were parted by a white horizontal line, charged with a black inscription "ALBINGIA" with the typical "Albingia-As", composed by a short bend sinister and a long bend.
Sources: German WIKIPEDIA and this webpage
Klaus-Michael Schneider, 14 Mar 2021
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