N.Y.-Based Specialty Insurer Assurant Turns 120 Years Old

Assurant, a New York-based provider of specialty insurance and insurance-related products and services, celebrated its 120th anniversary Wednesday by ringing the ceremonial closing bell at the New York Stock Exchange, where the company is listed.

Assurant traces its history to the founding of the LaCrosse Mutual Aid Association established in LaCrosse, Wis., in 1892, which was formed to provide consumers with disability insurance.

Now known as Assurant, the company’s specialty insurance businesses now include Assurant Specialty Property, Assurant Employee Benefits, Assurant Health and Assurant Solutions.

“Every day and in each of our businesses, employees put into action the values at the heart of our company — using common decency, common sense and uncommon thinking to deliver uncommon results to our clients, their customers and our shareholders,” said CEO Robert Pollock.

Assurant is a provider of specialized insurance products and related services in North America and select worldwide markets. The Assurant business units provide debt protection administration; credit-related insurance; warranties and service contracts; pre-funded funeral insurance; lender-placed homeowners insurance; manufactured housing homeowners insurance; individual health and small employer group health insurance; group dental insurance; group disability insurance; and group life insurance.

Assurant has $27 billion in assets and $8 billion in annual revenue, with 14,000 employees worldwide.