Sir Edward Mountain, 1st Baronet
Encyclopedia
Sir Edward Mountain, 1st Baronet (1872 - 1948) was the founder of Eagle Star Insurance
which became one of the largest insurance companies in the United Kingdom
.
, Edward Mountain initially joined a Lloyd's
underwriting firm. He later established his own broking firm, Hawley Mountain, which, following a merger, became Gardner Mountain.
In 1904 he acquired the marine insurance business of British Dominions Insurance and formed British Dominions Marine Insurance Company. He then established a reputation for himself by refusing to insure the RMS Titanic on her maiden voyage. During 1916 and 1917 he acquired, in quick succcession, the Eagle, Sceptre and Star Insurance Companies integrating them with his own business to create Eagle & British Dominions
, which grew to become one of the largest insurance companies in the United Kingdom
.
He was knighted in 1918 and made a baronet
in 1922.
He died in 1948 at Dunkeld House in Perthshire
.
Eagle Star Insurance
The Eagle Star Insurance Company plc was a leading British insurance business. It underwrote the full range of risks, including fire, accident, marine, motor, life, contingency and Pluvius insurance...
which became one of the largest insurance companies in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
.
Career
Educated at Dulwich CollegeDulwich College
Dulwich College is an independent school for boys in Dulwich, southeast London, England. The college was founded in 1619 by Edward Alleyn, a successful Elizabethan actor, with the original purpose of educating 12 poor scholars as the foundation of "God's Gift". It currently has about 1,600 boys,...
, Edward Mountain initially joined a Lloyd's
Lloyd's of London
Lloyd's, also known as Lloyd's of London, is a British insurance and reinsurance market. It serves as a partially mutualised marketplace where multiple financial backers, underwriters, or members, whether individuals or corporations, come together to pool and spread risk...
underwriting firm. He later established his own broking firm, Hawley Mountain, which, following a merger, became Gardner Mountain.
In 1904 he acquired the marine insurance business of British Dominions Insurance and formed British Dominions Marine Insurance Company. He then established a reputation for himself by refusing to insure the RMS Titanic on her maiden voyage. During 1916 and 1917 he acquired, in quick succcession, the Eagle, Sceptre and Star Insurance Companies integrating them with his own business to create Eagle & British Dominions
Eagle Star Insurance
The Eagle Star Insurance Company plc was a leading British insurance business. It underwrote the full range of risks, including fire, accident, marine, motor, life, contingency and Pluvius insurance...
, which grew to become one of the largest insurance companies in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
.
He was knighted in 1918 and made a baronet
Baronet
A baronet or the rare female equivalent, a baronetess , is the holder of a hereditary baronetcy awarded by the British Crown...
in 1922.
He died in 1948 at Dunkeld House in Perthshire
Perthshire
Perthshire, officially the County of Perth , is a registration county in central Scotland. It extends from Strathmore in the east, to the Pass of Drumochter in the north, Rannoch Moor and Ben Lui in the west, and Aberfoyle in the south...
.