Maryland Casualty Company

Beautifully engraved SPECIMEN certificate from the Maryland Casualty Company. This historic document was printed by the Security Banknote Company and has an ornate border around it with a vignette of the state capitol. This item has the printed signatures of the Company’s President and Secretary. Lite wear on top edge.


Certificate Vignette

February 18, 1989

The American General Corporation, a Houston-based financial services holding company, said today that it would sell its Maryland Casualty Company to a leading Swiss insurance company for $740 million in cash.

Under the agreement, the Baltimore-based insurance company will become an independent subsidiary of the Zurich Insurance Company, which owns five United States insurance companies. The acquisition of Maryland, a property casualty insurance group with $2 billion in gross annual premiums, will double Zurich's United States revenues. Although currency exchange rates hurt the company's revenues last year, the company's North American operations have accounted historically for about 20 to 25 percent of Zurich's total revenues worldwide, said a spokesman for the Zurich-American Insurance Group of Schaumburg, Ill.,