New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-05-25
INSURANCE MEN FIGURING.
A NEW AMERICAN MANAGER FOR THE
NORTH BRITISH AND MERCANTILE.
HENRY z BOWERS. OF THE GUARDIAN FIRE
AND LIFE COMPANY. TO GO WITH THE
LARGER CONCERN RUMoRs OF REIN
srRANCE DENIED.

STRANtE DENIED.
Henry T. Bowers. who has been for many years
the American manager OF the Guardian Fire ana
life Assurance Company G.lni.edD. OF London has
rcsrnel tha, place and has been appointed American
manager q the North British and Mercantile In
eurauce Company OF London. AZ a greatly increased
salary. This news accompanied by ruinor
Yesterday among Insurance men downtown that the
Guardian Assurance Company WAS going out OF
business on tbs side OF the water and intended 10
relnsure rs business IN the North British and Mer-
camille Insurance Company. or tho Liverpool and
London and Globe. This rumor has been in circula-
ton f,r some time. but Inquiry at the offices OF
those twD companies resulted In denial that any
such scheme was foot as that OF absorbing me
h..s ness ~ tho Guardian Company Notwithstani-
INK this denial the reporter assured that the
mere rurarr TIA, me Guardian Company waF about
., o., out - business hal created scramble among
d.. scvcra, biz companies 20 secure ~ business.
rh. American branch acne o., tho North British
Company ga business IN premiums last year OF
= .oefco whereas the volume Of trade Tor the
Guardian f,r 'he same time ana over the same
aye, wa ,iiWo1. r,unl numbers being given Ia
each case The Norih British. therefore. Il IS seem
L. dons more than twice The business ~ the other
c,urtny inI ~ believed - be both able and willing
90 pay a much larger s1lnry 20 seclr" ihe services
10 Nf- Bowers tnan want DO received from th'
,l4-.ian Company. Mr. wers represented. many
,.,-, as, ,nc N.u-Englaui section %; the business
% ~. N1~'h British Company. before p" ntcAin'
manager % 'he American end OK the affairs OK tAe
Guardian Assurance Company.
When spoken T. yesterday at his ONCE In i'he-
,, ,fr Bowers said. 1T is true that l have been
oru,iut.l manager Of tn United states branch or
th, North British and Mercantile Insurance tom
many - nI the vacancy occasoncd by th' f'S'Rn"-
ton of Samuel Hagicn. who was for many years
connected with that company To- Ike capacity
"y,hen DO you begin your duties!
.7-ho appolntmeni" he answered is 10 take ei-
feet on juno l. until which time. as l understand
Mr R.as icu win continue 70 hoigp "n1,r.
Are You getting an lncreAs" %. s,'Ai ,,reaso NJ
II ana getting large ana slos,an' s a nyrc char ol
I'm the methods OF administratior under ny n"n"f
inent ana unable 10 say. OF course until a'tu"'y
'AN' ms ~ trIe that tie North British Company Is
cog to absorb the business Of the Guardian COM
'"'.Thorc is no truth whatever I'm that ,-,,...
well. that you are going Is tne H Hrras
end Of It's work and reinsurins Tn some other COM
P."'I' don't know anything about that" said he ~
is nothing new for 70 work for the North Btithn
,oimphs" 60 trade RON july 1872 until December
~ siroc when / have been with the Guardian
Company. and 1 am now returning. as you may
love" Nr Hagccn has been Wltl tne .Np.In ~
sh for almost thirty years. and has been manager
'o a. tne 5i.lce Of IN Nor;h British Company. As
ON th. subject and referred the reporter to Fe0isr
Henry Burnett the head manager OF IN, companyy
WIS found AT the Windsor Hotel. and denied tnat
cornrauy expected 70 OBTAIN lt puNll'N0 w
| Guardian Company and said that ne had no klo"I-
edce of an intention to 70 out OF business. -,
! "'rhe truth IT," said ne that we have one OF lhe
greatest businesses IN The Insurance line IN the
| SSountrv and We 10 not want 10 extend II 50 az
- ,nl,e i'm the Guardian or any other COMPANY
our company has seered MI Lowers. ana m4Vg
uotl0cl linn Of his appointment after considering
! the merits Of 4 large number OF other men none oI
,yhon yyer. believed % have the qualncau ms TOR
! me position which Mr.. Bowers undoubtedly pos
scases ~, ..-.--a,.I Tho
| re.prirr 49,. -, u,a. o,l stord reodv
~ nav the best money" Mr.. Burnett said. proudly.