The foundation of what will become Crum & Forster (C&F) is formed, as The North River Insurance Company (North River) – organized by Capt. Richard Whiley and $350,000 in capital – opens for business in New York.
1824
1824
United States Fire Insurance Company (U.S. Fire), the paper on which most of C&F’s business is currently written, is established. Additionally, The North River Insurance Co. charter is renewed.
1862
1862
President Abraham Lincoln issues the Emancipation Proclamation.
1863
1863
Frederick H. Crum joins North River; James Ackerman joins three years later.
1888
1888
John A. Forster joins The North River Insurance Company as a clerk.
1896
1896
Crum, Forster and Ackerman leave North River to establish their own managing general agency – Crum & Forster – which opens for business, representing Allemannia Fire of Pittsburgh.
1904
1904
C&F acquires U.S. Fire.
1907
1907
C&F is incorporated in New York with paid-in capital of $100,000.
1914
1914
The start of World War I, which ends in late 1918.
1918
1918
Frederick Crum becomes president of North River and C&F receives its first full management contract from North River; Crum dies the next year and is succeeded by John Forster.