Merchants, bankers, and seafarers had begun assembling …

Years: 1692 - 1692

Merchants, bankers, and seafarers had begun assembling to transact business informally rom 1688, when Edward Lloyd kept a coffeehouse in Tower Street and, from 1692, in Lombard Street.

Lloyd's has also becomes a popular meeting place for underwriters—those who will accept insurance on ships for the payment of a premium.

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