Lloyd's Coffee House

From Wikipedia, the free encyclopedia
Jump to: navigation, search
A 19th-century drawing of Lloyd's Coffee House
This blue plaque in Lombard Street marks the location of the former coffee house.

Lloyd's Coffee House was a coffee shop in London opened by Edward Lloyd (c. 1648–15 February 1713)[1] originally on Tower Street in around 1688. The establishment was a popular place for sailors, merchants and shipowners, and Lloyd catered to them with reliable shipping news. The shipping industry community frequented the place to discuss insurance deals among themselves. The dealing that took place led to the establishment of the insurance market Lloyd's of London, Lloyd's Register and several related shipping and insurance businesses.

Just after Christmas 1691, the coffee shop relocated to Lombard Street. Merchants continued to discuss insurance matters here until 1774, long after Lloyd's death in 1713, when the participating members of the insurance arrangement formed a committee and moved to the Royal Exchange on Cornhill as the Society of Lloyd's.

Traces of the coffee house[edit]

The 17th century original shop frontage of Lloyd's Coffee House is owned by Lloyd's of London and has been re-erected on display at the National Maritime Museum.[2] A blue plaque in Lombard Street commemorates the coffee house's second location (now occupied at ground level by Sainsbury's supermarket).[3]

Organisations named after the coffee house[edit]

The following is a list of organisations named after Lloyd's Coffee House:

Lloyds Bank (now Lloyds Banking Group) is not named after the London coffee house; it was founded in Birmingham by Sampson Lloyd.

References[edit]

  1. ^ Palmer, Sarah (October 2007). "Lloyd, Edward (c.1648–1713)". Oxford Dictionary of National Biography. Oxford University Press. doi:10.1093/ref:odnb/16829. Retrieved 16 February 2011. 
  2. ^ "Lloyd's Coffee House frontage. On loan from Lloyd's of London". portcities.org.uk. Retrieved 9 June 2011. 
  3. ^ "Lloyd's at 325: the story of Edward Lloyd". Lloyds of London. Lloyds. 15 February 2013. Retrieved 6 June 2014. 

Coordinates: 51°30′45″N 0°05′13″W / 51.5125°N 0.087°W / 51.5125; -0.087