London Marine Insurance 1438-1824: Risk, Trade, and the Early Modern State

A history of marine insurance in London from its beginnings to the early-nineteenth-century, including the development of customary, legal, and commercial institutions, market interventions, and crises, and their impact on trade and the economy.

Format: Hardback
Length: 304 pages
Publication date: 19 April 2022
Publisher: Boydell & Brewer Ltd

The history of marine insurance in London, spanning from its inception to the early nineteenth century, is explored in this comprehensive book. It delves into the development and evolution of customary, legal, and commercial institutions, as well as the evolving organizational structures within the industry. The book analyzes significant market interventions, such as 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. It also examines the impact of crises like the Smyrna catastrophe of 1693 and the South Sea Bubble, comparing them to developments in other marine insurance markets. By examining how the London insurance market transformed over centuries, the book discusses issues of risk and uncertainty, the financial revolution, the development of trade, and the reciprocal roles of markets and the state in shaping its evolution. Ultimately, it highlights the crucial role of efficient and effective marine insurance in supporting the growth of trade and the economy.

The history of marine insurance in London, spanning from its inception to the early nineteenth century, is explored in this comprehensive book. It delves into the development and evolution of customary, legal, and commercial institutions, as well as the evolving organizational structures within the industry. The book analyzes significant market interventions, such as 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. It also examines the impact of crises like the Smyrna catastrophe of 1693 and the South Sea Bubble, comparing them to developments in other marine insurance markets. By examining how the London insurance market transformed over centuries, the book discusses issues of risk and uncertainty, the financial revolution, the development of trade, and the reciprocal roles of markets and the state in shaping its evolution. Ultimately, it highlights the crucial role of efficient and effective marine insurance in supporting the growth of trade and the economy.

Dimension: 234 x 156 (mm)
ISBN-13: 9781783276929