Assurant

American specialized insurance company

Assurant, Inc. is a global provider of risk management products and services with headquarters in Atlanta. Assurant is 325 on the Fortune 500 list of the largest companies in the United States by revenue as of 2022.

Assurant can trace its roots back to the founding of the La Crosse Mutual Aid Association, which was established to sell disability insurance in Wisconsin in the early 1890s. La Crosse Mutual Aid Association would later become the Time Insurance Company. In 1978, N. V. AMEV of the Netherlands acquired the Time Insurance Company via its U. S. holding company AMEV Holdings, Inc. During the next 12 years, AMEV Holdings, Inc. would expand through acquisition, buying American Security Insurance (credit related insurance); United Family (funeral insurance); Western Insurance Company (mutual funds); and Superior Insurance (auto insurance). In 1990, N. V. AMEV of the Netherlands acquired VSB Groep NV bank to become the Netherlands first financial conglomerate combining an insurer and a bank, creating Fortis. In 1991, AMEV acquired the group life, accident and health insurance of Mutual Benefit Life Insurance Company. AMEV Holdings, Inc. was rebranded Fortis, Inc. in 1991. Superior Insurance was sold in 1996. Fortis acquired John Alden in 1998 and American Bankers Insurance in 1999. Fortis Inc. sold its life insurance to The Hartford in 2001. Fortis' American business was subsequently renamed as Assurant and spun off from the parent company in 2004. On June 10, 2015, Assurant announced an exit from the health insurance marketplace to focus on housing and lifestyle specialty protection products and services, and would be winding down its Assurant Health business. Assurant began to wind down its major medical operations and did not participate in the next Affordable Care Act open enrollment period beginning in November 2015. Sun Life Financial agreed to acquire Assurant Employee Benefits for $940 million in September 2015,