Lloyd’s of London

Robert L. Carter and Peter Falush
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Robert L. Carter: University of Nottingham

Chapter 10 in The British Insurance Industry Since 1900, 2009, pp 126-134 from Palgrave Macmillan

Abstract: Abstract Lloyd’s of London is undoubtedly Britain’s best known and most historic insurance institution, which evolved in a rather piecemeal fashion during the past 320 years since its beginnings in Edward Lloyd’s coffee house in the seventeenth century. The Lloyd’s market developed sophisticated underwriting expertise and the ability to accept risks that no other insurer would entertain. Until the beginning of the twentieth century Lloyd’s specialised in marine cargo and hull and war risk insurance. Lloyd’s had policyholders in close to 200 countries.

Keywords: Limited Liability; Corporate Member; Premium Income; Unlimited Liability; Direct Business (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-23952-4_10

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DOI: 10.1057/9780230239524_10

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