Lloyd's of London was established in 1688 by Edward Lloyd, who opened a coffee house on Tower Street in London. This coffee house became a popular hub for merchants, shipowners, and sea captains to discuss insurance, primarily for maritime risks.
- 1688: Edward Lloyd establishes the coffee house, which becomes a focal point for shipping insurance.
- 1774: The society moves to the Royal Exchange on Cornhill.
- 1871: Lloyd's is incorporated by an act of Parliament.
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