Definition: First Chicago Insurance Co., Inc. Origin: The company was established as a subsidiary of First Chicago & Co., the parent holding company of Chicago Insurance Company. It was one of the largest insurance companies in Chicago, operating throughout the United States from 1908 to 2001. The first Chicago Insurance Company was established in 1857. First Chicago Insurance Company had a strong presence in many cities across the country. Its headquarters were located in the Chicago suburb of Waukegan, Illinois and its office building at 335 North State Street in Chicago served as the primary distribution center for the company's insurance policies. In 2015, First Chicago Insurance Co., Inc. was acquired by Swiss Re, which is a global provider of risk management services. The acquisition included all of the assets that were owned by the firm until then, including the majority of its property and casualty business. Switzerland Re also acquired the Company's wholly-owned subsidiary First Insurance Corporation (FIC), which operates in Canada and the United Kingdom. The company was headquartered at 340 South State Street, Chicago, Illinois. The headquarters building was completed in 1976. In addition to its operations in the United States, it had branches in Canada, the UK, and other countries around the world. First Chicago Insurance Company has been a member of the Standard & Poor's Stock Market Index (S&P) since 2003. As of February 2014, First Chicago Insurance Company was ranked as the 5th largest insurance company in North America by the Association of Insurance Commissioners of the United States. The first Chicago Insurance Co., Inc.'s operations were headquartered at 335 North State Street in Waukegan, Illinois. The firm's operations expanded rapidly during the 1900s and 1910s, when its headquarters was moved to New York City, where it continued to expand its service areas. In 1857, First Chicago Insurance Company was established as a subsidiary of First Chicago & Co., which was a holding company for various insurance companies. The first Chicago Insurance Company had a strong presence in many cities across the country, and its headquarters were located in the city of Waukegan, Illinois. The firm operated throughout the United States from 1908 to 2001. The company's history includes some notable developments during this period. It was founded as a subsidiary of First Chicago & Co., which later became the holding company for various insurance companies. The first Chicago Insurance Company had a strong presence in many cities across the country, and its headquarters were located at 335 North State Street in Waukegan, Illinois. In 1908, the company was renamed First Chicago Insurance Company, and its headquarters moved to New York City where it continued to expand its service areas. In 2001, it was acquired by Swiss Re, a global provider of risk management services. The company's operations have been headquartered in several locations across the United States, including Waukegan, Illinois; Chicago, Illinois; and other locations around the country. The company is a member of the Standard & Poor's Stock Market Index (S&P) since 2003 and has had a presence on the S&P 500 Index for more than 20 years. Today, First Chicago Insurance Company continues to operate as a holding company for several insurance companies in various states.

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