The history of British insurance seems to be characterised by the merger, acquisition and amalgamation of established insurers. The history of More Than is no exception - the brand name has only been around since 2001, but the insurance group from which it has grown can trace back its origins all the way back to 1710.
The following timeline might help retrace those steps:
- More Than is a product of Royal and Sun Alliance, the RSA Insurance Group plc, which currently trades as RSA;
- RSA itself was created in 1996 following the merger of Royal Insurance and Sun Alliance;
- Royal Insurance dates back to its founding in 1845;
- Royal Insurance bought the Liverpool & London and Globe Insurance Company in 1919;
- Sun Alliance resulted from the merger of The Sun, set up in 1710, and The Alliance, founded in 1845;
- Sun Alliance subsequently acquired London Assurance in 1965 (so forming Sun Alliance & London) and Phoenix Assurance in 1984;
- Royal & Sun Alliance Insurance Group plc formally changed its name to RSA Insurance Group in May 2008.
The company's own records reveal not only a birth that can be traced back to 1710, but evidence of it having insured the home of Captain James Cook and also Down House, the home of Charles Darwin, where he wrote the Origin of Species.
RSA today maintains offices across five continents and numerous locations throughout the UK, with the headquarters of all its international operations in Fenchurch Street in the City of London. From here - and its national headquarters for the UK in Leadenhall Street in London - RSA lays claim to more than 17 million customers throughout 140 across the globe.
The company is listed on the London Stock Exchange and, as the UK's second-biggest general insurance company, is also listed as art of the FTSE 100 index.
Voted by What Mortgage Magazine as the Best Landlord Insurance Provider in 2012, More Than continues to offer what many landlords might consider to be thoroughly comprehensive cover at affordable premiums. Standard elements of that cover, for example, include, at the time of writing (August 2013):
- cover for the building or buildings comprising your let property;
- owners liability cover against claims of up to £2 million (or, optionally, of up to £5 million);
- cover for accidental damage to the structure and fabric of your property either by your tenants or yourself;
- optional cover for the contents owned by you in the let property;
- cover for repairs to windows and other glazed features of the property;
- cover for lost or stolen keys and the cost of replacing locks; and
- compensation (up to prescribed limits) for the unauthorised use of water, gas or electricity.
You might consider, therefore, that landlord insurance from More Than offers one of the most comprehensive standard levels of cover for owners of buy to let property.