Business Studies, asked by sunainamehrotra1211, 3 months ago

History of Insurance Lloyd's contribution​

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Answered by rajeaiswarya907
6

Answer:

With roots in marine insurance, Lloyd's was founded by Edward Lloyd at his coffee house on Tower Street in 1686. ... Lloyd's obtained a monopoly on maritime insurance related to the slave trade and maintained it until the early 19th century. The Lloyd's Act gave the business a sound legal footing.

Answered by khushboo9657
3

With roots in marine insurance, Lloyd's was founded by Edward Lloyd at his coffee house on Tower Street in 1686. ... Lloyd's obtained a monopoly on maritime insurance related to the slave trade and maintained it until the early 19th century. The Lloyd's Act gave the business a sound legal footing

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