A.M. Best Fire and Marine Insurance Companies (1919)

BEST'S INSURANCE REPORTS FIRE AND MARINE. 77

CENTURY INSURANCE COMPANY, LTD.—Continued.

INCOME, CANADIAN BRANCH, 1919.			DISBURSEMENTS, CANADIAN BRANCH, 1919.
Gross premiums written	$269,907	89	Net losses paid $72,507 38
Less reinsurance	29,437	41	Underwriting expenses 59,159 18
Less return premiums	42,224	78
Less return premiums	42,224	78
Total net premiums	$198.245	70	TOTAL DISBURSEMENTS $131,666 56
Interest, ,etc	3, 020	67	Miscellaneous, Canadian Branch, 1919.— Net losses in-
Interest, ,etc	3, 020	67	curred, $66,567.92; net risks in force December 31, 1919, $8,714,072; net premiums in force, $236,617.15.
TOTAL INCOME
TOTAL INCOME	$201,266	37

CHARLESTON INSURANCE AND TRUST COMPANY,
9 State Street, Charleston, S. C.

ADMITTED ASSETS, DECEMBER 31, 1919.			of the Commercial National Bank of Charleston and is a
Cash	$9,435	98	member of the firm of T. T. Hyde & Sons, real estate and
Stocks owned ..'	178,150	00	insurance agents, Charleston, S. C. W. D. Middleton, vice-
Real estate	70.950	03	president and general manager, is head of the firm of W.
Bonds .:	97, 600	00	D. Middleton & Company, who for the past twenty-five
Mortgages	51,000	00	years have represented insurance companies locally.
Bills receivable	4, 969	55	Stockholders are for the most part substantial and pro-
Accounts receivable	9,402	38	gressive business men of Charleston.
Prepaid interest	697	04	It is licensed to transact a general fire insurance busi-
Unexpired insurance	151	83	ness and expected to start writing on December 1, 1919, but according to our latest advices it has not yet begun
TOTAL ASSETS	$422, 356	81	operations. The company will write only in its native State at the
LIABILITIES, DECEMBER 31, 1919.			present time.
Bills payable	$97,45,0	00	Classes of Business Written.—Fire insurance only.
Mortgages	42, 000	00	Territory.— It is licensed in South Carolina.
Accounts	35,637	74	Officers.— President, R. G. Rhett; vice-president and
Unearned premiums	111	65	general manager, W. D. Middleton; vice-president, T. T. Hyde; secretary arid treasurer, J. F. Brenner.
		65
TOTAL LIABILITIES, except capital	$175.199	39	Directors.
CAPITAL STOCK	210.600	00	Rhett, R. G., Charleston, S. C., president Peoples Nat.
SURPLUS OVER ALL LIABILITIES	36, 557	42	Bank. Middleton, W. D., Charleston, S. C., of W. D. Middleton
		42
TOTAL	$422.356	81	& Co., General Insurance.
GENERAL REVIEW.			Hyde, T. T., Charleston, S. C., president Commercial Na-
History.— This company was licensed by the State of			tional Bank.

South Carolina on September 30, 1919, having an authorized capital of $300,000, of which $210,000 had been sub-scribed and paid in. Shares have a par value of $100.

The Charleston Trust & Guaranty Company, organized in April, 1910, for the purpose of doing a general guaranty and trust business, had its charter amended September 30, 1919. to enable it to engage in the fire insurance business and its name changed to the Charleston Insurance & Trust Company.

Management and Reputation.— The president. R. G. Rhett, is also president of the Peoples National Bank of Charleston, S. C. T. T. Hyde, vice-president, is president

Storfer, J. A., Charleston, S. C., president City Bank & Trust Company.

Rugheimer, A. R., Charleston, S. C., vice-president Commercial National Bank.

Buell. G. B., Charleston, S. C., president merchants Mutual Fire Insurance Co.

Wulbern, J. H. C., Charleston, S. C., vice-president-secretary Wulberq Fertilizer Co.

Mixson. W. H., Charleston, S. C., president-treasurer Southern Fruit Company.

Pinkussohn, J. S., Charleston, S. C., president J. S. Pinkussohn Cigar Co.

CHINA FIRE INSURANCE COMPANY , L f ; Hong Kong, China.

GENERAL REVIEW.

This company is not regularly licensed in the United States, but transacts a fire and tornado " surplus line" business in the United States, Canada and Mexico through Messrs. Marsh & McLennan, of Chicago, a large and reputable insurance house.

The company is in excellent repute and is owned by the Union Insurance Society of Canton, Ltd., a long established and responsible institution, a report upon which will be found elsewhere in this volume.

Marsh & McLennan advise us that they are retaining premiums on business written through them in the United States, and that losses incurred on such business are paid by them from such fund, which is deposited in one of the Chicago banks.

The statement of the China Fire Insurance Company as of December 31, 1918 (the latest now available), is as follows: