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The Cyclopedia of New Zealand [Otago & Southland Provincial Districts]

Marine

Marine.

The Indemnity Mutual Marine Assurance Company, Limited , 1 Threadneedle Street, London. This company, which is one of the oldest established English offices, dates its existence from the year 1824. It has a capital of £1,005,000, with a reserve fund of £329,000, and its assets amount to £929,188. Operations were extended to New Zealand in December, 1893, and the head office for the colony is situated at the corner of Crawford and Water Streets, Dunedin. The company insures wool from the sheep's back to London, and marine risks are accepted to all parts of the world at the lowest current rates. Mr. H. D. Stronach holds the position of chief agent and attorney for New Zealand.

The Ocean Accident And Guarantee Corporation, Limited , corner of Water and Crawford Streets, Dunedin. This company, which has its headquarters in London, was founded in 1871. The head office for New Zealand is in Custom House Quay, Wellington, and Mr. C. M. Montefiore is the General Manager for the colony. With an authorised capital of £1,000,000, the subscribed capital amounts to £621,540. On the 31st of December, 1902, the reserves of the company had reached the total of £1,080,500. The district manager for Dunedin is Mr. H. D. Stronach.

Mr. Henry Donald Stronach holds the positions of Chief Agent and Attorney page 264 for New Zealand for the Indemnity Mutual Marine Assurance Company, Limited, District Manager for Dunedin for the Ocean Accident and Guarantee Corporation, Limited, and Agent and Attorney for Otago and Southland for the London and Lancashire Fire Insurance Company. He was born at Deepdell station. Otago, in 1865, and was educated at the Dunedin Boys' High School. Subsequently he entered the office of the South British Insurance Company, where he remained for twelve years. He resigned his appointment in 1894 to take up the New Zealand management of the Straits Insurance Company, Limited, and held the position until this company ceased operations in New Zealand, and its business in the colony was taken over by the Indemnity Mutual. In 1894 Mr. Stronach was married to a daughter of Mr. C. R. Howden.