The American Asiatic Underwriters has shown in the past eight years a gradual expansion. This company does no insuring for its own account, but acts as general agent, managing the Oriental busi ness for the following insurance companies: Globe & Rutgers Fire Insurance companies; Globe Rutgers ire Insurance Co,,'N. Y.; United States Fire Insurance Ca., N. Y. Rossia Insurance Ca. of Ameri:
Hartford; National Union Fire Insurance Ca. Pittsburgh; North River Insurance Ca,, N. Yj U, Merchants & Ship "Insurance Ca., Y.j Agricultural Insurance Watertown, N, Y.; Hudson Insur' ance Ca., N. ¥.; Economic Insurance Ca, Ltd, London; Federal Insurance Ca, Zurich; Christiania Get Insurance Ca,, Norway; tional Union Indemnity Ca, Pittsburgh and the Albingia Assurance Ca,, Ltd, Hamburg.
'The company owns the Intern tional Insurance Office, 17 The Bund, which acts as underwriting agents for the Insurance Ca, of the State of Pennsylvania, Philadelphia; the British American 'Assurance' Ca, Ltd., Toronto; and the International Life Insurance Ca,, St, Louis. Branches of the American-Asiatic Underwriters are maintained in the Far East at Hankow, Tientsin, Harbin, Mukden, Hongkong, Canton, Foochow, Manila, Saigon, and Bang Kok, and in New York at 11 William Street.
Operations are confined to sections where fully staffed branch offices can supervise local agents. In this system of branch office supervision the company differs from the usual practice in the Far East. Another interesting practice of this company has been to have a compradore for each company represented, and each compradore has. his own hong name by which the Chinese know the firm. Thus a large section of the Chinese community is reached through what is somewhat unusual method of carrying on the business.
Life Insurance Business in Force Both the Asia Insurances Company and the Asia Fire Insurance Underwriters, the former of which has between $13,000,000 and $14,000,000 of life insurance in force at the present time, have shown an increase in volume of business during the past year, despite the commercial depression through which the community is passing.
Started originally as a fire insur-ince agency, the marine department has now grown to be an important part of the business of the firm in question, as has the motor car insurance department, and plans are now under way by the company to include accident, fidelity, surety and other casualty business in its scope.
Officers of this company are Mr.
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