A01=Adrian Leonard
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Author_Adrian Leonard
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British Maritime History
Category1=Non-Fiction
Category=HBTM
Category=KCZ
Category=KNS
Category=NHTM
COP=United Kingdom
Delivery_Delivery within 10-20 working days
Early Modern State
Economic History
eq_bestseller
eq_business-finance-law
eq_history
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Language_English
Lloyd's of London
London Marine Insurance
Marine Insurance Market
Maritime Trade
PA=Available
Price_€50 to €100
PS=Active
Risk
Shipping Industry
softlaunch
Trade
Product details
- ISBN 9781783276929
- Weight: 600g
- Dimensions: 156 x 234mm
- Publication Date: 19 Apr 2022
- Publisher: Boydell & Brewer Ltd
- Publication City/Country: GB
- Product Form: Hardback
- Language: English
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The first comprehensive history of marine insurance transacted in London from the industry's beginnings, to the early-nineteenth-century, when legislative change ended parliamentary monopolies over the business.
This book describes the development and evolution of the customary, legal, and commercial institutions of marine insurance, alongside its developing organisational structures. It analyses major market interventions during the period, including state-sponsored initiatives in the late sixteenth century, the introduction of new corporate forms in the early eighteenth century, and the formation and maturation of Lloyd's of London. The book examines the impact of crises such as the Smyrna catastrophe of 1693 and the South Sea Bubble, and makes comparisons with developments in other marine insurance markets. In revealing how the London insurance market changed over centuries, the book discusses issues of risk and uncertainty, the financial revolution, the development of trade, and the reciprocal developmental roles of markets and the state. Overall, it highlights the ways that efficient and effective marine insurance capable of adapting according to circumstance was vital to the growth of trade and the economy.
A. B. Leonard is Associate Director of the Centre for Financial History at the University of Cambridge.
