1830 subscription room Lloyds British insurance market meeting place multiple financial backer member corporation London City ca
Old and new london a narrative of its history its people and its places 6 volumes Illustrated with numerous engravings fronm the most authentic sources The city ancient and modern By Walter Thornbury Published By Cassell and company Limited 1880 His establishment was a popular place for sailors, merchants, and shipowners and Lloyd catered to them with reliable shipping news. The shipping industry community frequented the place to discuss insurance deals among themselves. Just after Christmas 1691, the coffee shop relocated to Lombard Street (a blue plaque commemorates this location). This arrangement carried on long after Lloyd's death in 1713 until 1774 when the participating members of the insurance arrangement formed a committee and moved to the Royal Exchange as The Society of loyd' 1688 and 1807, one of the primary sources of Lloyd's business was the insurance of ships engaged in slave trading, as Britain established itself as the chief slave trading power in the Atlantic. Slave trading became one of the primary constituents of all British trade, and its dangers meant that insurance of the ships was a major concern. With slave-trading forming such a prominent part of Lloyd's business, the organisation was one of the chief opponents to abolition of the trade
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