C T Bowring & Co
 C T Bowring & Co    | |
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C T Bowring & Co was founded in England in 1811 by Benjamin Bowring (1778 – 1846), after whom the Bowring trading, shipping and insurance businesses, also known as Bowring Brothers in Canada and the United States, were named.
MV Benjamin Bowring
| C T Bowring's Transglobe Expedition |
From 1979 to 1982, the MV Benjamin Bowring took part in the Transglobe Expedition which made the first longitudinal (north–south) circumnavigation of the Earth using only surface transport. Adventurers Sir Ranulph Fiennes and Charles R. Burton set out travelling the world “vertically” traversing both the North and South Pole.
Starting from Greenwich in September 1979 in the United Kingdom, they went south, arriving at the South Pole on 17 December 1980. Over the next 14 months, they went north again, reaching the North Pole on 11 April 1982. Travelling south once more, they arrived again in Greenwich on 29 August 1982 almost three years after their departure.
The expedition team boarded the MV Benjamin Bowring in the Gulf of Guinea and travelled by sea to South Africa. After preparations in South Africa, they sailed for Antarctica on 22 December 1979, and arrived on 4 January 1980.[1]
Takeover
In 1980, C T Bowring and Co was bought by Marsh McLennan, the world's largest insurance brokers.[2]
Bowring Marsh
On 1 July 2008, the Insurance Journal reported:
Marsh has resurrected a name from the past with the announcement of the formation of Bowring Marsh as its specialist international placement broker for property (including terrorism) and casualty risks.
Mark Gregory, currently UK head of Marsh’s "Global Placement" operations, has been named as the new unit’s CEO reporting to Alexander Moczarski, president of the International Division of Marsh.
Marsh’s bulletin explained that the name
- “Bowring derives from C T Bowring, one of the first brokers at Lloyd’s. Originally established in 1810, C T Bowring was acquired by Marsh & McLennan Companies in 1980.[3] For decades, C T Bowring served clients from all over the world and was synonymous with excellence in the international market.”
Bowring Marsh will operate in several global financial centres, including, Bermuda, Dublin, London, Miami, Singapore and Zurich. It will “bring together placement expertise in the main international market hubs into an integrated global network, under a consistent and powerful brand,” said Marsh.
Rationale
Marsh Chairman and CEO Dan Glaser explained:
- “Marsh has provided clients with unrivalled access to global markets for generations. In establishing Bowring Marsh, we are responding to our clients’ growing needs and to marketplace opportunities.
- “The global insurance market is undergoing an unprecedented period of change, with the creation of new products and capacity all around the world. Bowring Marsh will secure the best terms and conditions for our clients wherever these may be found.”[4]
References
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