Records of the Association of Underwriters & Insurance Brokers in Glasgow, trade association, Glasgow, Scotland
- Reference:GB 248 UGD 204
- Dates of Creation:1805-1993
- Name of Creator:
- Physical Description:4.5 metresThere are no physical characteristics that affect the use of this material.
Scope and Content
- Financial records 1838-1993
- Lst of members 1823-1993
- Attendance of committee records 1923-1991
- Annual general meeting papers 1818-1986
- Application for membership papers 1859-1977
- Assurance Companies Acts 1909 and 1946 papers 1946-1961
- Correspondence 1805-1993
- Files relating to the history of the association 1917-1989
- Investment sub-committee minutes 1966-1988
- Photographs c1870s
- Rules and regulations 1818-1988
- Association seal, 19th century
- Records relating to the Corporation of Insurance Brokers 1968-1978
Administrative / Biographical History
Prior to 1818, informal meeting of insurance brokers and underwriters had taken place in Glasgow, Scotland, the earliest being recorded in 1744 at the shop of Andrew Stalker, a seller of marine policies in Glasgow. The first recorded meeting of underwriters and marine insurance brokers from Glasgow was held on 1 April 1818, where it was stated in the minutes that it had been formed for 'The purpose of such directions as might appear necessary for the superintendence and protection of the property in which the members were generally interested'. This group by the following year was known as the Association of Underwriters & Insurance Brokers in Glasgow and was composed of underwriters, marine insurance companies, and insurance brokers. At the first meeting, a chairman and 3 directors were appointed, as well as a secretary and treasurer and the committee was to be elected annually. By 1906 there was a committee of management consisting of a chairman and 6 directors and the Admissions committee included the directors and 3 other members. The Association was also represented on the Glasgow Chamber of Commerce. The Association's meetings were held in rooms in Royal Exchange Buildings, Royal Exchange Square in the centre of Glasgow. The rooms held a library of shipping newspapers, atlases, gazetteers, underwriting textbooks, maritime law reports and series of charts and sailing directions.
At the time of the Association's formation, the London Registers of Scottish vessels were incomplete, and in 1823 the Association was involved in the compilation of a list of shipping registered in the different ports of Scotland. By 1870, the Association was represented on the Agency Committee of Lloyd's Register of British and Foreign Shipping and was supplied daily by Lloyds, London, with information on shipping movements and casualties by telegraph. The Association was also greatly involved with trust and benevolent funds. When the City of Glasgow Bank collapsed in 1878 the Association donated £1000 to the relief fund and the Insurance Brokers agreed to meet all claims in full of the underwriters who were shareholders in the Bank.
In 1857 , the Association of Underwriters & Insurance Brokers in Glasgow , Scotland, formed the Glasgow Underwriters' Committee for the Protection of Underwriting Interests which by 1895 had become the theGlasgow Salvage Association . Its objects were to protect the interests of owners and underwriters by promoting despatch and economy in the salvage of ships and their cargoes and it was managed by a committee who employed a staff of surveyors and wreck agents including the British Marine Salvage Company Ltd, Glasgow. The Glasgow Salvage Association had a separate constitution to the Association of Underwriters & Insurance Brokers in Glasgow, but the Salvage Association attended, when instructed, to the protection of Underwriters' interests in respect to damaged property.
The Association was still functioning in 1998.
Arrangement
The material is arranged into series as shown in the scope and content note. Within series, items are generally arranged chronologically.
Access Information
Open
Acquisition Information
Permanent loan : 1984, 1998 : ACCNs 0055, 1641
Other Finding Aids
Digital file level list available in searchroom
Manual file level list available at the National Registers of Archives in Edinburgh (NRA(S)2019) and London (NRA 15395)
Alternative Form Available
No known copies
Conditions Governing Use
Applications for permission to quote should be sent to the University Archivist
Reproduction subject to usual conditions: educational use & condition of documents
Appraisal Information
This material has been appraised in line with standard GB 248 procedures
Custodial History
Held by the Association of Underwriters & Insurance Brokers in Glasgow
Accruals
Accruals possible
Related Material
GB 243 TD103 Minutes and claims book of the Association of Underwriters & Insurance Brokers of Glasgow (Glasgow City Archives)
GB 248 UGD 095 Records of the Glasgow Salvage Association
For contact details of all repositories with a GB code, see the Archon repository search page
Bibliography
No known publications using this material
Additional Information
This material is original
No alterations made to date
Subjects
Corporate Names
Geographical Names