Ever heard of insurance being sold in a coffee shop? Let’s go back to 1688 and Edward Lloyd’s Coffee House, where merchants and investors created the world’s first insurance marketplace.
In this episode we’ll cover:
✅ Why merchants needed marine insurance in 17th-century London
✅ How “underwriters” got their name
✅ How Lloyd’s grew into a global institution
✅ Why the principle of spreading risk is still vital today
From insuring ships on stormy seas to protecting our homes and mortgages today, the principle hasn’t changed. Insurance turns uncertainty into security.
🎬 This is Episode 2 in The History of Money, Insurance & Mortgages series. Don’t forget to check out Episode 1 on the Great Fire of London!
📲 Contact me for mortgage & protection advice:
🌐 Linktree:
📧 Email: patrick.weightman@themoney-group.co.uk
📞 Phone: 01455 241201 / 07579 048670
Think carefully before securing debt against your home. Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Protection policies are subject to terms and conditions. Always seek professional advice before making financial decisions.
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