His widow Cathrine Agatha Bredahl (1701-1778) kept the property after her husband's death at age 30 in 1728.

Their daughter Hendrine Christine (1727-1762) was in 1747 married to the naval officer Conrad von Schindel [da] (1715-1794).

He married Elisabeth Manndorff (1728-1780), a daughter of basket-maker Carl from Lübeck Jacob Mandorff (1695-1755) and his wife Catrina, on 21 January 1845 in St. Peter's Church.

Grund was at the time of the 1787 census still living in the house at Ved Stranden together with their two children and the daughter Susanne Elisabet from his wife's first marriage.

The company was founded on 1 October 1894 by Aug. Strøh (died 1912) and was from 1924 owned by Knud Jørgensen (1879-1939).

Ved Stranden 8 was also acquired by the insurance company and integrated in their new head office.