Historical

After the Great Fire of London in 1666 destroyed tens of thousands of homes, Nicholas Barbon opened the first fire insurance offic...

The fire burned for days, ruined most of the housing of a city of perhaps 80,000 people, and caused losses estimated near 10 milli...

Beginning around 1686 in Edward Lloyd coffee house, the market is a society of managing agents running syndicates that underwrite ...

Neapolitan banker Lorenzo de Tonti proposed the scheme to Cardinal Mazarin in France in the 1650s as a way to raise government fun...

Under bottomry, a shipowner or merchant borrowed money to finance a voyage, pledging the ship or cargo as security. If the ship wa...

Building on the ideas of mathematician James Dodson, the Society for Equitable Assurances on Lives and Survivorships charged level...