Assurant at the Beginning
Assurant traces its roots back to 1892 when LaCrosse Mutual Aid Association began offering disability insurance. Lacrosse later changed its name to Time Insurance Company.
Laying the Foundation for Assurant
Time Insurance Company is acquired by N.V. AMEV of the Netherlands. It is the Dutch company’s first U.S. acquisition. The company sold individual health and small group insurance plans.A Time of Growth
Fortis, Inc. – Assurant’s predecessor – was formed when AMEV/VSB of the Netherlands and AG, joined forces in the first cross-border European merger in the financial sector. Fortis was a financial services company that, through its operating companies and affiliates, provided specialty insurance, such as prefunded funeral insurance, and investment products to businesses and individuals in the United States.
Assurant Expands to Europe
In 1995, Assurant expanded operations to Europe. Now, we have a presence in France, Germany, Italy, Spain and the United Kingdom.
Expansion to Latin America
In 2002, Assurant expanded operations to Latin America. Now, we operate in Argentina, Brazil, Chile, Colombia, Mexico and Puerto Rico.
Assurant Goes Public
Fortis, Inc. completes its initial public offering process and Assurant begins to trade on the New York Stock Exchange under the ticker symbol AIZ.
Assurant in Asia
In 2008, Assurant expanded operations to Asia. Now, we operate in China, Hong Kong, Japan, South Korea and Australia.
Assurant Acquires SureDeposit
This acquisition expanded Assurant's multifamily products and services to offer renters a low cost payment alternative to a security deposit.
A New Vision
Assurant realigns the business to focus on the housing and lifestyle markets. As part of the restructuring, the company announced the wind down of its legacy health business and the selling of its employee benefits business.
Assurant Expands Globally
Assurant acquires The Warranty Group, enhancing its size and presence in its vehicle protection, extended service contracts and financial services businesses across 21countries. It also is the largest acquisition in the company’s history.
Lawrence V. Jackson
Director
Mr. Jackson was elected to Assurant’s board of directors in July 2009. Since 2008, Mr. Jackson has served as a senior advisor with New Mountain Capital, LLC, a private investment firm based in New York, and as a board member for several of the firm’s private portfolio companies. He has also chaired the board of SourceMark LLC since 2007. Previously, Mr. Jackson served as the President and Chief Executive Officer of the global procurement division of Walmart Inc. (formerly Wal-Mart Stores, Inc.), and from 2004 to 2007, as its Executive Vice President and Chief People Officer. Prior to that, he was President and Chief Operating Officer of Dollar General Corporation from 2003 to 2004, and Senior Vice President, Supply Operations for Safeway, Inc. from 1997 to 2003. He also served in various executive roles with PepsiCo, Inc. for 16 years. Mr. Jackson currently serves on the board of directors of Bloomin Brands, Inc. and is a member of its Audit and Nominating and Corporate Governance Committees. He also serves on the board of directors of John Bean Technologies Corporation and is a member of its Governance and Sustainability and Compensation Committees. Mr. Jackson previously served as a director on the board of Parsons Corporation and as chair of its Compensation Committee.